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Episode 820Nov 22, 2022

The FTX meltdown is a cautionary tale

There’s no FDIC for crypto.

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The FTX meltdown is a cautionary tale
Nhac Nguyen/AFP/Getty Images

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FTX customers fear they’ll never get their money back from the bankrupt cryptocurrency exchange. They’re not wrong to worry. Could this further erode consumers’ trust in the financial system? Plus, mourners are grieving the victims of a deadly mass shooting at an LGBTQ nightclub in Colorado Springs, Colorado. Meanwhile, in Qatar, anti-LGBTQ rules are already being tested at the 2022 World Cup. Then, Kimberly makes us smile with a story about ice-skating and perseverance.

Here’s everything we talked about today:

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The Team