What Does FTX’s Downfall Mean for the Crypto Industry?

at 9:00 AM
Save ArticleSave Article

Failed to save article

Please try again

LONDON, ENGLAND - NOVEMBER 10: In this photo illustration a notice warning against deposits, and that FTX is currently unable to process withdrawals, is displayed on a screen on November 10, 2022 in London, England. (Photo Illustration by Leon Neal/Getty Images)

In less than a month, crypto-billionaire Sam Bankman-Fried went from industry leader to pariah. His cryptocurrency exchange FTX has filed for bankruptcy, with the filings listing more than one million creditors impacted. The formerly $32 billion dollar company is now the target of investigations by the Securities and Exchange Commission and Justice Department; Bankman-Fried is facing public scrutiny amid allegations of fraud. We’ll talk about the allegations against Bankman-Fried, where the crypto market stands and what we can learn from this moment.


Margaret O'Mara, historian of the modern United States, University of Washington

Hilary Allen, professor of law, American University

David Gura, reporter, NPR's business desk