Crypto exchange FTX and its founder Sam Bankman-Fried were some of the crypto industry’s brightest stars. But that changed this week when <a href="https://www.wsj.com/articles/crypto-exchange-binance-agrees-to-acquire-rival-ftx-11667924737?st=o5p9qplsgippzcg&reflink=desktopwebshare_permalink">FTX faced a liquidity crisis</a> and froze customer withdrawals. Now regulators and investors are raising questions about <a href="https://www.wsj.com/articles/ftx-tapped-into-customer-accounts-to-fund-risky-bets-setting-up-its-downfall-11668093732?st=1zzsmjnceed0h1w&reflink=desktopwebshare_permalink">financial practices at FTX and a sister firm</a>, Alameda Research. WSJ crypto reporter Vicky Ge Huang joins host Zoe Thomas to explain what happened and what it could mean for the wider market.
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The Downfall of FTX: Could It Signal a Long Crypto Winter?

WSJ Tech News Briefing