The full "behind the scenes" of what (probably) happened at FTX (part 2 of 3) - Crypto in Plain English - Episode 292 - by cryptohunt.it

Welcome to the Cryptohunt jam, where we spend one minute ...

… actually, today we are breaking with the format and will dig deep into what happened with FTX, and the nuclear bomb it set off in crypto land. But as always: In plain English.

You've certainly heard it in the news: One of the largest crypto exchanges, called FTX, went insolvent literally over night. Shortly after, their competitor Binance entered into a takeover agreement to save FTX, only to back out of the deal in the most spectacular way: By accusing FTX of mishandling customer funds and being under investigation by regulators.

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This podcast is produced by Cryptohunt.it, the easiest place to learn crypto. This masterpiece was written by my co-Founder Arndt Voges, like almost all of the 292 episodes we produced to date, Social Media is done by Brett Holleman, Design is done by Carmen Rincon and my name is Christian Byza, Co-Founder of Cryptohunt and I am - just the voice - and your host of this daily show.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.