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Crypto exchange FTX imploded this week

Author
Newstalk ZB,
Publish Date
Thu, 17 Nov 2022, 8:54pm

Crypto exchange FTX imploded this week

Author
Newstalk ZB,
Publish Date
Thu, 17 Nov 2022, 8:54pm

Over the last week, the cryptocurrency exchange FTX imploded after marketing itself as the safest and easiest way to get into crypto-based investing.

The second biggest crypto exchange sought bankruptcy last week, and then company CEO Sam Bankman-Fried  resigned.

Turns out, FTX had just $900 million dollars in liquid assets against  $9 billion in liabilities.

Sam Dickie, Fisher Funds Senior Portfolio Manager theorised as to what something like this means for the crypto market going forward. 

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