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billion in a single day. the nba s miami heat had its venue renamed as ftx arena just last year. butted now that name s coming off the building. the mete meteoric collapse of ftx was triggered last week when serious questions were raised about the health of its finances. those questions ignited a run on the bank-like crisis. a rush to withdraw several billion dollars worth of cryptocurrency from the exchange that put ftx in and sam bankman fried where effectively his company ran out of money. reporter: in july when he did an interview with cnn business, sam bachmann freed discussed the danger of ponzi schemes in crypto. when you have something which is basically an empty product, which i think is true of some places, some assets in crypto, you know, that is something where there s certainly crash

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