5 items
The 2022 crypto crash wasn't one event — it was a chain reaction: Terra/LUNA's algorithmic stablecoin imploded in May, which took down Three Arrows Capital and Celsius over the summer, which left FTX exposed enough that a single tweet from a rival exchange triggered its collapse in November. This shelf gathers the videos that actually explain the mechanics and the human drama behind each link in that chain, not just the headlines.
Coin Bureau
Where the whole chain starts. Explains the mechanics of an algorithmic stablecoin clearly enough that the "death spiral" — LUNA supply exploding from 1 billion to 6 trillion tokens in three days — actually makes sense as math, not just chaos.
Patrick Boyle
A hedge fund manager and finance professor breaking down FTX's collapse days after it happened, with real clarity on the balance-sheet mechanics — how a $32B company could have an $8B hole — plus a pointed look at the influencers who vouched for it.
Wall Street Journal
The tightest version of the FTX story — how a single CoinDesk report about Alameda's balance sheet led to a CZ tweet, a bank run, and a bankruptcy filing, all inside six days. Good primer before diving into the longer, messier explainers.
Coffeezilla (Lex Fridman Podcast)
Long-form, but this is the human side of the crash — the investigator who was tracking SBF in real time and actually got him on record talking about co-mingled funds before the fraud charges landed. Less "here's the balance sheet," more "here's how a con works from the inside."
Coin Bureau
The missing link in the chain. Su Zhu and Kyle Davies' fund had bet nearly $750M on Terra/LUNA and was leveraged everywhere else too — when LUNA went to zero, the margin calls did the rest. Same host as the Terra video, so the throughline actually connects if you watch them back to back.
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