FTX's Bankman-Fried Says Collateral Crashed by $51 Billion

The transcript discusses the financial collapse of FTX, highlighting a significant drop in collateral value from $60 billion to $9 billion. A court hearing revealed that a substantial amount of FTX's assets are missing or stolen. SBF, the founder, apologized in a letter, expressing regret over the situation. The crisis has caused a contagion effect, impacting other crypto exchanges and markets, which have returned to 2020 levels.

What was the initial and final value of the collateral mentioned in the court hearing?

• $50 billion to $8 billion

• $65 billion to $7 billion

• $60 billion to $9 billion

• $70 billion to $10 billion

Who wrote a letter apologizing for the crypto exchange collapse?

• Brian Armstrong

• Changpeng Zhao

• SBF (Sam Bankman-Fried)

• Vitalik Buterin

What was the liability amount mentioned in SBF's letter?

• $1 billion

• $4 billion

• $3 billion

• $2 billion

What did SBF express in his letter regarding the crypto collapse?

• He was unaware

• He was regretful

• He was proud

• He was indifferent

What was the market impact after the contagion spread?

• It reached 2021 levels

• It surged to new highs

• It returned to 2020 levels

• It remained stable