FTX’s small investors biggest losers in fallout: Former FDIC Chair Bair

The collapse of crypto exchange FTX continues to send shockwaves through the market as more details emerge about the house of cards built by founder Sam Bankman-Fried, leaving analysts scratching their heads over how so many sophisticated investors could have been duped in the scheme.

Sam Bankman-Fried speaks at IIF conference

Sam Bankman-Fried speaks during the Institute of International Finance annual membership meeting in Washington, D.C., on Oct. 13, 2022.

Yet, while some larger creditors to FTX could see a portion of their money…

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