Web3 Simplified
Web3 Simplified
Sean Specie
025: Why and how did people lose money with FTX crash/bankruptcy?
17 minutes Posted Nov 14, 2022 at 12:25 pm.
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Show notes
The crypto market has again been in the news because of a few bad actors and the crash of a major cryptocurrency exchange (FTX) filing for bankruptcy. In this episode, Sean explains how exchanges work, how wallets work, why and how people lose money due to the FTX crash, and what "not your keys, not your crypto" means. Personal note: Our thoughts and prayers are with anyone who lost money due to the FTX Crash.