FTX Collapse Wiped Out Potential $50B Portfolio as Illiquid Bets Unraveled
Strong asset picks failed against a fatal liquidity mismatch at FTX. Sam Bankman-Fried once oversaw assets that could be worth more than $50 billion today. In November 2022, control slipped away in just 72 hours. A rush of withdrawal requests forced FTX to sell holdings at low prices. Recent valuations show how much value may […]
