Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion.
Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall. Illustration: Alexandra Larkin
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33 Comments
All the You Tube Influencers who got paid to encourage people to invest in this scam should be investigated and punished accordingly. They are equally accountable for people losing their money.
I started to feel a little sorry for this guy until I found out that he was one of the Democrat Parties biggest donor. Now, I hope he gets the electric chair for his financial crimes.
Still waiting for my withdrawal to come through.
🤡
Remember BTC and Crypto are not the same. FIAT is trash.
life is life and it will go on
Why is the portion of the story that has Sam as the 2nd largest donor to the dem party (with stolen money) being conveniently ignored? Talking Soros levels.
Nothing went wrong. All goes well according to their plan. Right now, they are playing innocent and investigators are playing seriously investigations
That’s crazy
WeBull for the win 🏆
what did they expect if sam donated money to the democratic party so that no one investigates and he would not have consequences
Someone walked away with a lot of money..
Great WSJ nice promoting amd legitimizing this guy without ever asking, how did he make his money
All are part of the reset agenda, you will own nothing and be happy
No one saw it coming? ….Coffezilla saw it
SPB = Scam Bankrupt-Fraud
This video is how I found out about FTX.
Wow. So you're telling me thse E-Tokens aren't actually worth any money?
Here is the easy answer. Sam Bankman-Fried = Crypto = Bernie Madoff = Ponzi Scheme = snake oil.
He belong in a jail for a very long time.
Coinbase and Binance are next, then bitcoin goes to 0. You've been warned.
Is this going the same way as Nikola and "the blood test company" – no one in jail?
The perfect crime.
Pretty clear is was used for fraud by the democrat elites to defraud Americans of their tax money that is “sent” to Ukraine.
This was a classic criminal money laundering scheme; In a nutshell:…'Crypto exchange FTX lent billions of dollars worth of customer assets to fund risky bets by its affiliated trading firm, Alameda Research, setting the stage for the exchange's implosion. Now-collapsed FTX crypto slush fund laundered Ukraine donation money to Democrat candidates to help rig mid-terms. The corrupt Ukraine regime partnered with a corrupt crypto slush fund to take dollars from the corrupt US government and funnel them into the hands of corrupt Democrat candidates to win rigged mid-term elections.
They have to make an example of SBF and give him the maximum penalty for this kind of violation of trust.
classic case of problem, reaction, solution.
this is all by design.. see the connections between WEF and the agenda being pushed.
😂
The JP Morgan? You mean the Bernie Madoff
Funny that you never mention dan friedberg
It's almost as if they needed a bank to help them big babies
Sam was the 2nd largest donor to the dem party.
What about the money the US sent Ukraine? Didn't they send it to FTX
Crypto is all a scam.
Should have probably been a warning sign that they were audited by a Metaverse auditing company… oh and how SBJ talked about crypto like it was a ponzi scheme… or that FTX was backed by its own currency and HOOD stock… so many red flags. Plus, probably should never trust anybody that is super overt about how good of a person they are.
what about his money laundering for political parties..