Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

If you or someone you care about has cancer,

Macmillan Cancer Support's online community is here to help from day one.

Macmillan's free online forum provides a safe space to get support from both experts and others who've been

there. Members support each other anonymously, sharing what's helped them on a range of subjects,

from dealing with side effects such as hair loss and fatigue, to money worries and managing work,

or talking with children about a diagnosis. There are different forums on cancer types or experiences,

opportunities to ask an expert, and blog posts.

Find support 24-7 from people who get what it's like to have cancer.

To join, search McMillan online community.

Thank you. From Wondery, I'm David Brown, and this is Business Wars Daily on this Monday, December 5th.

Well, to start the week off, we have the story of a meteoric rise and a steep,

a steep downfall. Yeah, it's the story of FTX, and if you haven't been following, well,

hope you'll allow me to get you up to speed. FTCS is, I should say was, one of the largest

cryptocurrency exchanges in the world. It served as a kind of bank.

Users could trade their cryptocurrency for other assets like actual money on the platform,

and in return, FDX took a cut of those exchanges. In late October, FTX was worth $32 billion

and managed billions of dollars worth of customer assets, according to the New York

Times. But by late November, FTX was in the red. It owed money to more than a million people

in organizations. Its founder, Sam Bankman-Fried, who had once been seen as something of a

wonderkin, had resigned. And FTX was about to go down in history as

...