025: Why and how did people lose money with FTX crash/bankruptcy? Podcast By cover art

025: Why and how did people lose money with FTX crash/bankruptcy?

025: Why and how did people lose money with FTX crash/bankruptcy?

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The crypto market has again been in the news because of a few bad actors and the crash of a major cryptocurrency exchange (FTX) filing for bankruptcy. In this episode, Sean explains how exchanges work, how wallets work, why and how people lose money due to the FTX crash, and what "not your keys, not your crypto" means. Personal note: Our thoughts and prayers are with anyone who lost money due to the FTX Crash.
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