The crypto market has again been in the news because of a few bad actors and the crash of a major cryptocurrency exchange (FTX) filing for bankruptcy. In this episode, Sean explains how exchanges work, how wallets work, why and how people lose money due to the FTX crash, and what "not your keys, not your crypto" means. Personal note: Our thoughts and prayers are with anyone who lost money due to the FTX Crash.

025: Why and how did people lose money with FTX crash/bankruptcy?

A weekly podcast for beginners and newbies to web3, NFTs, crypto, and the blockchain. We take the technical jargon, simplify it, and make it easy to understand.
Do you want to learn about web3, NFTs, cryptocurrency, blockchain, and the metaverse but aren’t sure where to start?  
As with all new things, there is a learning curve.  
Here's the good news: You CAN understand NFTs. You CAN understand web3. You CAN understand the metaverse.   
So that you CAN use the power of web3 to grow a brand, a business, a community, a portfolio, and help make the world a better place.   
Join Sean and the web3 Simplified team as we explore all of these and more.   
Oh, and we make it easy to understand.
Learn more at https://www.web3simplified.xyz/

Technology

A weekly podcast for beginners and newbies to web3, NFTs, crypto, and the blockchain. We take the technical jargon, simplify it, and make it easy to understand. Do you want to learn about web3, NFTs, cryptocurrency, blockchain, and the metaverse but aren’t sure where to start? As with all new things, there is a learning curve. Here's the good news: You CAN understand NFTs. You CAN understand web3. You CAN understand the metaverse. So that you CAN use the power of web3 to grow a brand, a business, a community, a portfolio, and help make the world a better place. Join Sean and the web3 Simplified team as we explore all of these and more. Oh, and we make it easy to understand. Learn more at https://www.web3simplified.xyz/

A weekly podcast for beginners and newbies to web3, NFTs, crypto, and the blockchain. We take the technical jargon, simplify it, and make it easy to understand.
Do you want to learn about web3, NFTs, cryptocurrency, blockchain, and the metaverse but aren’t sure where to start?&nbsp;&nbsp;
As with all new things, there is a learning curve.&nbsp;&nbsp;
Here's the good news: You CAN understand NFTs. You CAN understand web3. You CAN understand the metaverse.&nbsp;&nbsp;&nbsp;
So that you CAN use the power of web3 to grow a brand, a business, a community, a portfolio, and help make the world a better place.&nbsp;&nbsp;&nbsp;
Join Sean and the web3 Simplified team as we explore all of these and more.&nbsp;&nbsp;&nbsp;
Oh, and we make it easy to understand.
Learn more at https://www.web3simplified.xyz/

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025: Why and how did people lose money with FTX crash/bankruptcy?

025: Why and how did people lose money with FTX crash/bankruptcy?