The second largest crypto exchange fails and the founder's net worth drops by $16 billion.. all in the course of about a week. Have I caught your attention? 

This Marketplace podcast segment does a nice job of explaining what happened in this complicated tale.

Here are a few questions to use with your class after your students listen to the pod:

• What are some of the reasons that the crypto markets have been difficult to regulate? 
• What does a "run on the bank" mean and how does it apply to FTX's failure? 
• Is money on a crypto exchange protected in the case the exchange fails like FDIC insurance we have at banks?
• Do you think the impact of FTX's failure will have a short or long-term effect on cryptocurrencies?  

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Want your students to experience the emotions of crypto trading? NGPF's new Crypto Craze arcade game is out now! 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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