Lessons from the collapse of FTX and why self-custody is of utmost importance
What happened recently in the crypto space felt like the timeline of a year of events. In less than a week, Sam Bankman-Fried (SBF) has become the talk of the town. FTX, valued at over US$32 billion, has filed for bankruptcy.
Alameda Research started in 2018 as a small hedge fund. They raised debt from investors, promising “high returns with no risk”. FTX concluded its seed round by raising US$8 million and launched in Q3 2019.……
Leave a comment in Nestia App