Greed is a Hell of a Drug: The Unnecessary Risk Taking & Collapse of FTX

Ryan C
ThePowerBrunch
Published in
7 min readNov 13, 2022

--

Photo by lil artsy: https://www.pexels.com/photo/woman-with-scissors-cutting-inscription-i-am-sorry-5541020/

FTX — which, just more than one week ago was the world’s second largest cryptocurrency exchange, is now bankrupt. The main face of the exchange, Sam Bankman-Fried (SBF), has now gone silent — and his exact whereabouts are now in question. Current reports are indicating that more than $8 billion USD is unaccounted for. Users who held their digital assets on the…

--

--

Ryan C
ThePowerBrunch

I write about blockchain, crypto, the creator economy, NFTs, DeFi, & (insert buzz word here). Sometimes, I write about other things too.