The crypto exchange FTX was supposed to be among the “credible” players operating in digital finance. But its swift descent into bankruptcy shocked the financial industry. The FT’s asset management correspondent Josh Oliver explains what went wrong, and markets editor Katie Martin tells us what it says about the future of crypto.  Clips from CBS, ABC - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: How Sam Bankman-Fried seduced blue-chip investors DD goes forensic on FTX: A deep dive into the crypto collapse that has stunned finance FTX held less than $1bn in liquid assets against $9bn in liabilities Hedge fund admits half its capital stuck on FTX exchange - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Josh Oliver (@joshckoliver), Katie Martin (@katie_martin_fx) and Michela Tindera (@mtindera07)  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Russia’s invasion of Ukraine earlier this year triggered a global food crisis. Recently, FT correspondents Polina Ivanova, Chris Cook and Laura Pitel found out how Russia aims to profit from this. Ivanova explains how they used satellite photos, transponder data and a document trail to track a Russian company’s shipment of 2,675 metric tonnes of milling wheat out of the occupied Ukrainian port of Berdyansk, across the Black Sea and over to a port in Turkey.  Clips from CNN, PBS - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: How Russia secretly takes grain from occupied Ukraine Russian exit from Ukraine grain deal ‘catastrophic’ for poor nations Ships going dark: Russia’s grain smuggling in the Black Sea - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Polina Ivanova (@polinaivanovva) and Michela Tindera (@mtindera07)  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.