CoinDesk senior reporter Ian Allison, the journalist who broke the story that eventually led to the collapse of FTX, takes a look back on the implosion of Sam Bankman-Fried's empire and how the crypto industry has changed in the last year.
Did your sources have any idea of the gravity of the information they were sharing at the time? No, not at all. Um And is an important point because there's, you know, a conspiracy sort of theories about this was orchestrated by, you know, I've heard all sorts of things of our caring company, Digital Currency Group Finance, for example, this was totally not the case. I mean, I, I can tell you honestly that the sources, I've just spoke to a few people that, you know, they were as surprised as I was and um, you know, the, the, the, the person that sent balance sheet was, they, they kind of sent me a link to uh uh the FTX wallets kind of emptying in real time and, and said, you know, this is really catastrophic that this, I don't think this is going to be ok for them. Um, you know, please, we never had this conversation, you know, you never spoke to me all that. So they didn't know they, they just to be clear about that. It wasn't some sort of, you know, it was not conspiracy theories. Some people have said