The bad news about FTX just keeps coming. Sam Bankman-Fried, or SBF, told CNBC he is still trying to lock down a multibillion-dollar deal to bail out his bankrupt crypto exchange — a deal that seems highly unlikely to happen given SBF’s tarnished reputation. And we recently found out that FTX Trading owes its creditors at least $3.1 billion, according to court documents FTX filed.
The FTX disaster doesn’t spell the end of crypto as we know it. But it’s definitely a painful time to be in the market.
In this episode of Crypto Insider, Vin Narayanan and Allison Brickell discuss the latest updates on FTX and SBF — including SBF’s new title of “disgraced” founder.
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