FTX’s Wrecked Balance Sheet Destroys Crypto

Can You Read and Interpret a Balance Sheet?

Photo by Mariia Shalabaieva on Unsplash

Balance Sheets are in the news.

The crypto world is reeling from the implosion of FTX, the second-biggest exchange in the ecosystem. As a result, Crypto is discredited, venture capital is bruised and dented, and billions and billions of investor wealth have evaporated.