EP- 059 - FTX Bankrupt - Don't Trust Anyone

CEO of FTX, Sam Bankman-Fried was billed as the savior of crypto before FTX imploded. Cryptocurrency exchange FTX was hailed as a pillar of strength in a struggling industry, but over the course of five days the exchange collapsed due to a sudden liquidity crunch. Mark Yegge explains the factors that led to its catastrophic downfall.