The past few months have witnessed a very strong shock throughout the crypto world. The reference is to the FTX case, which until recently was among the best-known cryptocurrency exchanges in the world, second only to Binance, which at present has declared bankruptcy to the relevant authorities.
Investor confidence in the crypto world is faltering. This is due not only to the FTX case, which comes on top of the LUNA case that shocked the industry last spring, but also to how these events have unfolded in a very short time indeed.
The story of FTX’s collapse and market dynamics
The founder of FTX is Sam Bankman-Fried, known to most simply as ‘SBF,’ which is the nickname he uses on Twitter. His exchange was widely used by cryptocurrency traders around the globe. It was also regulated in a great number of countries, but this unfortunately did not prevent trouble for the unfortunate traders who had deposited their money with his exchange.
It might be said that FTX, through aff
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