In summary: What is the real reason for the collapse of the FTX empire?
wublock.substack.com
Written By: Colin Wu Before the FTX empire collapsed, 99.9 per cent of us thought: maybe he had a lot of connected parties, maybe he was expanding too fast, but a collapse was "not so likely"? After all, it has such a polished image as a leader in regulatory communication in the crypto world, the first choice of many institutional users, and the leading investor in a number of high-profile projects. In the days leading up to the crash, SBF paid out a generous $6m in compensation to several retail investors who lost money because of the API KEY leak, although third-party software, rather than FTX, may have been to blame.
In summary: What is the real reason for the collapse of the FTX empire?
In summary: What is the real reason for the…
In summary: What is the real reason for the collapse of the FTX empire?
Written By: Colin Wu Before the FTX empire collapsed, 99.9 per cent of us thought: maybe he had a lot of connected parties, maybe he was expanding too fast, but a collapse was "not so likely"? After all, it has such a polished image as a leader in regulatory communication in the crypto world, the first choice of many institutional users, and the leading investor in a number of high-profile projects. In the days leading up to the crash, SBF paid out a generous $6m in compensation to several retail investors who lost money because of the API KEY leak, although third-party software, rather than FTX, may have been to blame.