"Eruptions" with DeFi Lava - FTX SPECIAL EDITION 11-9-22

Sam Bankman-Fried was on top of the cryptocurrency world as owner and founder one of the largest exchanges FTX and the trading firm Alameda Research. Until recently, he was worth over $16 billion.

Earlier in the week, a leaked balance sheet showed that Alameda had billions of dollars held in $FTT, the native FTX exchange token. Alameda's holdings were higher than the entire market capitalization of the token, information that sparked a bank run on the exchange and rapid dumping of the token itself.

Read the Full Eruptions Newsletter here