{"id":7951,"date":"2022-11-19T06:37:54","date_gmt":"2022-11-19T05:37:54","guid":{"rendered":"https:\/\/costops.com\/index.php\/2022\/11\/19\/what-do-we-know-so-far-about-collapse-of-crypto-exchange-ftx\/"},"modified":"2022-11-19T06:37:54","modified_gmt":"2022-11-19T05:37:54","slug":"what-do-we-know-so-far-about-collapse-of-crypto-exchange-ftx","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/11\/19\/what-do-we-know-so-far-about-collapse-of-crypto-exchange-ftx\/","title":{"rendered":"What do we know so far about collapse of crypto exchange FTX?"},"content":{"rendered":"<p>How did Sam Bankman-Fried\u2019s FTX fail and what does the firm\u2019s fate tell us about cryptocurrencies?<\/p>\n<p>The collapse of FTX, one of the world\u2019s largest cryptocurrency exchanges, has unleashed another bout of volatility in the highly speculative digital asset market. The fortune of <a href=\"https:\/\/www.theguardian.com\/business\/2022\/nov\/12\/i-fd-up-the-rise-and-fall-of-us-ftx-crypto-king-sam-bankman-fried\">FTX\u2019s founder, Sam Bankman-Fried<\/a>, went from nearly $16bn to zero within days as his crypto empire filed for <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/nov\/11\/cryptocurrency-exchange-ftx-files-for-bankruptcy-protection-in-us\">bankruptcy protection in the US <\/a>on 11 November. Here we answer some of your questions about the story so far.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/nov\/18\/how-did-crypto-firm-ftx-collapse\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/77d2d2d6dc96220e47933a57b31c56a0b8f22a44\/0_62_3500_2100\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=d36dac4c29546e8d6c873a91d8dab2ab\" title=\"What do we know so far about collapse of crypto exchange FTX?\" \/>How did Sam Bankman-Fried\u2019s FTX fail and what does the firm\u2019s fate tell us about cryptocurrencies?<br \/>\nThe collapse of FTX, one of the world\u2019s largest cryptocurrency exchanges, has unleashed another bout of volatility in the highly speculative digital asset market. The fortune of FTX\u2019s founder, Sam Bankman-Fried, went from nearly $16bn to zero within days as his crypto empire filed for bankruptcy protection in the US on 11 November. Here we answer some of your questions about the story so far. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How did Sam Bankman-Fried\u2019s FTX fail and what does the firm\u2019s fate tell us about cryptocurrencies? The collapse of FTX, one of the world\u2019s largest cryptocurrency exchanges, has unleashed another bout of volatility in the highly speculative digital asset market. The fortune of FTX\u2019s founder, Sam Bankman-Fried, went from nearly $16bn to zero within days &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/11\/19\/what-do-we-know-so-far-about-collapse-of-crypto-exchange-ftx\/\"> <span class=\"screen-reader-text\">What do we know so far about collapse of crypto exchange FTX?<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":7952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7951"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=7951"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/7952"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=7951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=7951"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=7951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}