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The collapse of the ‘Crypto King’
Podcast: Front Burner (LS 65 · TOP 0.05% what is this?)
Episode: The collapse of the ‘Crypto King’
Pub date: 2022-11-15
Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization
In the last two years, cryptocurrency exchange FTX spent millions of dollars on advertisements with the likes of NFL quarterback Tom Brady and Curb Your Enthusiasm’s Larry David.
Episode: The collapse of the ‘Crypto King’
Pub date: 2022-11-15
Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization
In the last two years, cryptocurrency exchange FTX spent millions of dollars on advertisements with the likes of NFL quarterback Tom Brady and Curb Your Enthusiasm’s Larry David.
FTX also sponsored Major League Baseball, the Mercedes Formula One racing team and Canadian businessman Kevin O’Leary. Earlier this month, Bloomberg ranked the platform’s founder, Sam Bankman-Fried, as one of the world’s 100 richest people. He was sometimes referred to as the “King of Crypto.”
But now, after financial leaks triggered mass withdrawals and a halt in trading, Bankman-Fried is worth effectively nothing. FTX has gone from a recent $32-billion US evaluation to bankruptcy. Today, CBC News senior business writer Pete Evans returns to explain how one of the world’s three biggest crypto exchanges was brought down so quickly.
The podcast and artwork embedded on this page are from CBC, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.
The podcast and artwork embedded on this page are from CBC, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.
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By The Syllabus / Listen NotesPodcast: Front Burner (LS 65 · TOP 0.05% what is this?)
Episode: The collapse of the ‘Crypto King’
Pub date: 2022-11-15
Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization
In the last two years, cryptocurrency exchange FTX spent millions of dollars on advertisements with the likes of NFL quarterback Tom Brady and Curb Your Enthusiasm’s Larry David.
Episode: The collapse of the ‘Crypto King’
Pub date: 2022-11-15
Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization
In the last two years, cryptocurrency exchange FTX spent millions of dollars on advertisements with the likes of NFL quarterback Tom Brady and Curb Your Enthusiasm’s Larry David.
FTX also sponsored Major League Baseball, the Mercedes Formula One racing team and Canadian businessman Kevin O’Leary. Earlier this month, Bloomberg ranked the platform’s founder, Sam Bankman-Fried, as one of the world’s 100 richest people. He was sometimes referred to as the “King of Crypto.”
But now, after financial leaks triggered mass withdrawals and a halt in trading, Bankman-Fried is worth effectively nothing. FTX has gone from a recent $32-billion US evaluation to bankruptcy. Today, CBC News senior business writer Pete Evans returns to explain how one of the world’s three biggest crypto exchanges was brought down so quickly.
The podcast and artwork embedded on this page are from CBC, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.
The podcast and artwork embedded on this page are from CBC, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.