Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. This issue of Rapid Insights summarizes the latest developments surrounding the now-insolvent FTX In the span of 4 days, FTX has filed for bankruptcy after experiencing one of the largest bank runs in the history of crypto Sam Bankman-Fried had misrepresented the state of FTX’s finances to users and investors alike and covered an $8b hole in FTX’s balance sheet As FTX is liquidated, there will be far-reaching impacts on the crypto ecosystem, some of which will only be revealed in time
