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Home»Newsthink»One INSANE Risk Took Down His Crypto Empire
Newsthink

One INSANE Risk Took Down His Crypto Empire

November 14, 2022
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Flawed decision-making triggered FTX to break down. Go to https://sensible.org/Newsthink/ to begin studying STEM for FREE, and the primary 200 individuals will get 20% off their annual premium subscription.

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The interviews and pictures aired within the story represent Honest Use for editorial and reporting functions. Different components had been bought by Newsthink Ltd. or fall underneath a inventive commons license by which re-use is allowed.

Thumbnail supply:
Sam Bankman-Fried picture sourced from @ftx_official on Instagram

Picture sources:
0:26 Interview with Mercatus Middle (inventive commons license – re-use allowed) https://www.youtube.com/watch?v=T3mFAZCEp8A
2:02 Photographs of FTX co-founders sourced from FTX web site
2:44 350z33, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0 through Wikimedia Commons
2:46 Gatorfan252525, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0 through Wikimedia Commons
2:48 Phillip Pessar, CC BY 2.0 https://creativecommons.org/licenses/by/2.0 through Wikimedia Commons
2:55 Broll courtesy of Cointelegraph (inventive commons license – re-use allowed) https://www.youtube.com/watch?v=EsmhjNtlT_Y
3:41 Caroline Ellison picture sourced from Liquid https://weblog.liquid.com/women-in-crypto-caroline-ellison
7:50 Changpeng Zhao picture: Aevozer, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0 through Wikimedia Commons
8:36 Bankman-Fried picture sourced from Alamy (Newsthink Ltd. is a registered shopper)
8:39 Gage Skidmore, CC BY-SA 2.0 https://creativecommons.org/licenses/by-sa/2.0 through Wikimedia Commons
8:42 Michael Stokes, CC BY 2.0 https://creativecommons.org/licenses/by/2.0 through Wikimedia Commons

Articles
referenced:
Coindesk article on FTX executives courting one another https://www.coindesk.com/enterprise/2022/11/10/bankman-frieds-cabal-of-roommates-in-the-bahamas-ran-his-crypto-empire-and-dated-other-employees-have-lots-of-questions/
Coindesk article on ties between FTX and Alameda https://www.coindesk.com/enterprise/2022/11/02/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet/
Reuters reporting on the FTX scandal: https://www.reuters.com/know-how/exclusive-behind-ftxs-fall-battling-billionaires-failed-bid-save-crypto-2022-11-10/
Reuters article on the lacking $1 billion buyer funds https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/
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