The Downfall of FTX: Could It Signal a Long Crypto Winter?

Crypto exchange FTX and its founder Sam Bankman-Fried were some of the crypto industry’s brightest stars. But that changed this week when FTX faced a liquidity crisis and froze customer withdrawals. Now regulators and investors are raising questions about financial practices at FTX and a sister firm, Alameda Research. WSJ crypto reporter Vicky Ge Huang joins host Zoe Thomas to explain what happened and what it could mean for the wider market.

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Crypto exchange FTX and its founder Sam Bankman-Fried were some of the crypto industry’s brightest stars. But that changed this week when FTX faced a liquidity crisis and froze customer withdrawals. Now regulators and investors are raising questions about financial practices at FTX and a sister firm, Alameda Research. WSJ crypto reporter Vicky Ge Huang joins host Zoe Thomas to explain what happened and what it could mean for the wider market.

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