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Maybe you've been hearing or reading about that young crypto exchange founder who went from a net worth of $26 billion to nothing recently. But how does something like this happen? Is all that money really gone? Does FTX's token FTT mean anything? We're talking about what spurred this revelation that FTX execs have been placing extremely leveraged and risky bets with user funds, the drama that has played out since the collapse and the fallout Sam Bankman-Fried is facing and the domino effect it could have across other platforms. We give our advice for how to make sure you don't get caught up in this kind of scam in the future and protect your assets if you use a centralized exchange. We also talk about what this means for the future of crypto and blockchain adoption -- highlighting the irony that blockchain exists so that this exact scenario can be avoided. We also talk about the most cost effective route to continue your education or make a career pivot (especially if you want to get into tech and coding). Enjoy this episode and let us know what you think by following us and reaching out @herandthenerd on Twitter and IG.
Maybe you've been hearing or reading about that young crypto exchange founder who went from a net worth of $26 billion to nothing recently. But how does something like this happen? Is all that money really gone? Does FTX's token FTT mean anything? We're talking about what spurred this revelation that FTX execs have been placing extremely leveraged and risky bets with user funds, the drama that has played out since the collapse and the fallout Sam Bankman-Fried is facing and the domino effect it could have across other platforms. We give our advice for how to make sure you don't get caught up in this kind of scam in the future and protect your assets if you use a centralized exchange. We also talk about what this means for the future of crypto and blockchain adoption -- highlighting the irony that blockchain exists so that this exact scenario can be avoided. We also talk about the most cost effective route to continue your education or make a career pivot (especially if you want to get into tech and coding). Enjoy this episode and let us know what you think by following us and reaching out @herandthenerd on Twitter and IG.