November 14, 2022, 4:37PM EST
• 4 min read

Rapid Insights: An Initial Look at The Fallout from FTX's Collapse

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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