Tag: FTX

  • FTX Explained: What Is It And Why Did It Collapse?

    Before his cryptocurrency exchange was even a thought in Sam Bankman-Fried’s calculations, he was trading what is known as the Kimchi swap. In 2017, he became aware of the fact that different exchanges posted their own spread rates on Bitcoin and other crypto assets. These unique rates were sometimes as far off as around 60%…