Crypto Hedge Fund Says Nobody Saw FTX Explosion Coming

Strix Leviathan’s executives explain what they did to avoid getting too badly burned as an FTX counterparty.

Photographer: Olivier Douliery/AFP/Getty Images
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FTX cryptocurrency exchange rattled the financial world this week when a crisis of investor confidence triggered a run, forcing the company to scramble for a buyer or bailout to avoid collapse. Joining the What Goes Up podcast to discuss the chaos that ensued are Sadie Raney, chief executive of the crypto hedge fund Strix Leviathan, and Nico Cordeiro, its chief investment officer.