An Initial Look at The Fallout from FTX's Collapse

November 14, 2022, 4:37PM EST

• 4 min read

Quick Take

Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion.
This issue of Rapid Insights summarizes the latest developments surrounding the now-insolvent FTX
In the span of 4 days, FTX has filed for bankruptcy after experiencing one of the largest bank runs in the history of crypto
Sam Bankman-Fried had misrepresented the state of FTX’s finances to users and investors alike and covered an $8b hole in FTX’s balance sheet
As FTX is liquidated, there will be far-reaching impacts on the crypto ecosystem, some of which will only be revealed in time

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Source: https://www.theblockresearch.com/rapid-insights-an-initial-look-at-the-fallout-from-ftxs-collapse-186843?utm_source=rss&utm_medium=rss