FTX Collapse: How Sam Bankman-Fried Built a $32 Billion Empire and Lost It All
Capital Detective: Investment InvestigationsShow Notes
How did FTX go from a cryptocurrency exchange valued at roughly $32 billion to bankruptcy in just days? Alex Carter investigates the collapse of FTX, examining Sam Bankman-Fried, Alameda Research, FTT, customer-fund misuse allegations, related-party risk, the $8 billion shortfall, the failed Binance rescue, and the criminal case that ultimately led to Bankman-Fried’s 25-year prison sentence. This financial investigation reveals the deeper lessons behind the FTX collapse: reputation is not financial strength, liquidity can expose hidden problems, complex businesses can conceal simple risks, and customer assets must be properly protected. The most important question isn’t always “How much is this company worth?” Sometimes it’s simply: “Where is the money?”
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