Crypto Exchange FTX Files for Bankruptcy Protection in US; CEO Bankman-Fried Resigns

This episode is sponsored by minima.global and Circle.

Crypto exchange FTX filed for bankruptcy protection in the U.S., the Bahamas-based company said Friday. CEO and founder Sam Bankman-Fried also resigned his role, but will "assist in an orderly transition." John Ray III is the new CEO. The Hash hosts discuss the history of FTX and and the outlook for decentralized finance in the wake of the fallout.

See also:

FTX Files for Bankruptcy Protection in US; CEO Bankman-Fried Resigns

Bankman-Fried’s Cabal of Roommates in the Bahamas Ran His Crypto Empire – and Dated. Other Employees Have Lots of Questions

FTX Showed the Problems of Centralized Finance, and Proved the Need for DeFi

This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.