Cryptocurrency FTX looks set to go bust. The company has received withdrawal requests totaling $8 billion, according to a communication from its founder Sam Bankman-Fried. Many worry that the money won't come.
It's a startling fall from grace for the founder, once considered a financial genius and hailed as a modern-day J.P. Morgan. For more on FTX and its founder's shattering downfall, Here & Now's Scott Tong speaks to Bloomberg's Mike Regan, who has been following the fallout all week.
This segment aired on November 11, 2022.