{"id":89760,"date":"2022-11-15T01:16:45","date_gmt":"2022-11-15T06:16:45","guid":{"rendered":"https:\/\/urbanareas.net\/info\/?p=89760"},"modified":"2023-02-04T16:35:51","modified_gmt":"2023-02-04T21:35:51","slug":"how-ftx-went-bankrupt-and-what-went-wrong","status":"publish","type":"post","link":"https:\/\/urbanareas.net\/info\/how-ftx-went-bankrupt-and-what-went-wrong\/","title":{"rendered":"How FTX Went Bankrupt And What Went Wrong"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX\u2019s implosion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX\u2019s growth and what led to its downfall.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"geodir-embed-container\"><iframe loading=\"lazy\" title=\"The FTX Collapse, Explained | What Went Wrong | WSJ\" width=\"810\" height=\"456\" src=\"https:\/\/www.youtube.com\/embed\/AbgRB3arCpY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX\u2019s implosion. Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX\u2019s growth and what led to its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":89761,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,148],"tags":[],"class_list":["post-89760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-events-sports-etc"],"_links":{"self":[{"href":"https:\/\/urbanareas.net\/info\/wp-json\/wp\/v2\/posts\/89760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/urbanareas.net\/info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/urbanareas.net\/info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/urbanareas.net\/info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/urbanareas.net\/info\/wp-json\/wp\/v2\/comments?post=89760"}],"version-history":[{"count":0,"href":"https:\/\/urbanareas.net\/info\/wp-json\/wp\/v2\/posts\/89760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/urbanareas.net\/info\/wp-json\/wp\/v2\/media\/89761"}],"wp:attachment":[{"href":"https:\/\/urbanareas.net\/info\/wp-json\/wp\/v2\/media?parent=89760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/urbanareas.net\/info\/wp-json\/wp\/v2\/categories?post=89760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/urbanareas.net\/info\/wp-json\/wp\/v2\/tags?post=89760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}