CNN CNN This Morning Weekend June 4, 2024 12:41:00
Ftx is the lehman brothers' moment of the crypto world. it is a classic financial crisis. >> reporter: at its peak ftx was worth $32 billion. it had backers like nfl superstar quarterback tom brady, his soon-to-ex-wife gisele bundson. it has plummeted. bri bankman-fried's net worth cratered in one day. the nba's miami heat had its venue renamed as ftx arena last year, but now that name is coming off the building. the 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 crisis. >> clients suddenly ...
Source: archive.org