A seismic event just rocked the cryptocurrency universe.
FTX, the the world’s 2nd-largest crypto exchange imploded last week.
Tens of $billions in client assets and market value have vaporized.
And it seems mismanagement, for certain, and possibly fraud and outright theft lie at the heart of this disaster.
To help make sense of what exactly has just happened, and what repercussions the collapse of Sam Bankman-Fried’s FTX will have on the crypto ecosystem and perhaps on the financial markets in general, we’re fortunate to be able to turn to macro researcher Jim Bianco.
This unfolding debacle is creating a ton of collateral damage to the many investors & institutions involved — of which there were many.
And with every new development, the story becoming revealed becomes more bonkers.
This is a must-watch interview, folks
For a layman’s explanation of everything we know about FTX to-date, watch our new interview with Jim Bianco.
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