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FTX Implosion Rattles Retail Investors Who Fear Their Money Is Gone

Sam Bankman-Fried’s firm attracted droves of crypto speculators. Now, there's widespread concern they face big losses.

Bloomberg business news
Can FTX Get Out of an $8B Hole?

For retail traders who poured their life savings into crypto, the stunning demise of Sam Bankman-Fried’s is a worst-case scenario. 

After rival Binance walked away from a potential bailout and Bankman-Fried said he’ll shut down Alameda Research, the trading house at the heart of his crumbling empire, the outlook for those with money on FTX is bleak.