November 14, 2022, 4:37PM EST
• 4 min read
Rapid Insights: An Initial Look at The Fallout from FTX's Collapse
- 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