In today’s briefing:
- The 2022 Crypto Debt Crisis
The 2022 Crypto Debt Crisis
- Over the past week and a half, we witnessed the unravelling of the $32 billion empire that was FTX and the fall of its “benevolent” leader Sam Bankman-Fried, otherwise known as SBF.
- This story of overleveraging and outright fraud has formed a part of the bigger crypto debt crisis of 2022.
- This article will explore how this debt crisis has unfolded and how all parties were closely interlinked.
💡 Before it’s here, it’s on Smartkarma
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