The FTX Disaster Part 1

Crypto has been rocked over the last few days by the biggest disaster ever to hit the industry. While it has experienced its fair share of crises over its short history, the collapse of FTX and Alameda Research is the gravest challenge crypto has faced thus far and the true extent of the damage may not become apparent for some time. In today’s episode, Mike and Guy sit down to talk through what happened and what may come next. Many of the details are still unclear and new information is coming to light every day, so much of what’s discussed here will be focused on the background to this whole debacle. You’ll hear about the origins of Alameda Research and FTX, as well as the story of the man who founded them both and is ultimately responsible for their collapse. You’ll also hear about how concerns about Alameda started to bubble up at the beginning of November and how both it and the world’s second-largest crypto exchange were essentially brought down by a single tweet. We’ll update you with more information on this extraordinary, tragic story next week. New twists and turns occur daily, while rumour, speculation, vitriol and despair swirl around the crypto community. Make no mistake, this is crypto history unfolding before our eyes. We hope you enjoy the show. Executive Producer for iHeartMedia: Noel Brown Editor: Sam Moult Theme music composed by: Noel Brown

You can listen to The FTX Disaster Part 1 online on Radio and Podcast. Open the player on this page to stream the available audio.

The FTX Disaster Part 1 is an episode from The Coin Bureau Podcast: Crypto Without the Hype by iHeartPodcasts.

This episode is 77:58 long.

This episode was published on Nov 18, 2022.

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