CNN CNN Newsroom With Fredricka Whitfield June 4, 2024 19:33:00
Venue renamed as ftx arena just last year but now that name is coming off the building. the meteoric collapse of ftx was triggered last week when serious questions were raised about the health of its finances, those questions ignited a run on the bank like crisis. >> clients rushed to withdraw several billion dollars worth of cryptocurrency from the exchange that then put ftx in a position whereby he effectively, his company ran out of money. >> reporter: in july when he did an interview with cnn business, he discussed the danger of ponzi schemes in the crypto world. >> when you have basically...
Source: archive.org