The Crypto 2008 Speedrun

Описание: In Sam Bankman-Fried's FTX collapse, we have all the elements of the 2008 crisis: risky speculation, high leverage, and the crypto ecosystem being vulnerable to a crisis of confidence.

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Key sources--

Leverage chart by Ben Moore, CC BY-SA 3.0: https://commons.wikimedia.org/w/index...
Repo diagram by Farcaster, CC BY-SA 3.0: https://commons.wikimedia.org/w/index...
Adam Tooze's Crashed:
FTX balance sheet: https://www.ft.com/content/0c2a55b6-d...
Matt Levine column: https://www.bloomberg.com/opinion/art...
Let crypto burn op-ed: https://www.ft.com/content/ac058ede-8...