FTX's Collapse: Ripple Effects and Crypto Traders' Behavior

Excerpts from interviews with Sam Bankman-Fried, the former CEO of FTX, reveal his claims of being an altruistic risk-taker who was unaware of the operations at Alameda, the crypto hedge fund accused of borrowing billions from FTX and its customers. Bankman-Fried also asserted that FTX's U.S. operations were unaffected by Alameda's collapse, despite customers still waiting for their funds. His leaked notepad suggests that a historical accounting quirk led to the oversight of Alameda's loans. Bankman-Fried's trial for wire fraud and conspiracy charges has begun.