06 Oct 2023

The FTX collapse recapped as Sam Bankman-Fried trial starts

A brief explainer of the FTX collapse – because the defining events often drown in the absurd stories, and an update on the first week of Ether ETF trading in the U.S.
this week in crypto october 6 cover SVG
This week's top stories
  • Sam Bankman-Fried on trial for fraud and embezzlement
  • Little demand for futures-based Ether ETFs in first week of trading
The trial of FTX founder Sam Bankman-Fried, the world's biggest 'crypto celebrity,' started this week. He is on trial for his involvement in the collapse of the FTX exchange, which resulted in losses of billions of dollars for its customers. In this week's newsletter, we provide a recap of what happened to ensure you have your facts straight when you read the shockingly and entertaining anecdotal stories seen in most of the media coverage.
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