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    FTX’s Collapse Leaves Staff Angry and Financially Ruined | Tech News Briefing Podcast | WSJ



    The collapse of FTX was a massive blow for its customers and the wider crypto industry. It was also damaging for the exchange’s employees, many of whom believed in the company and its founder, Sam Bankman-Fried.

    WSJ reporter Alexander Osipovich joins host Zoe Thomas to discuss what happens to those workers now.

    https://www.wsj.com/articles/ftxs-collapse-leaves-employees-sick-with-anger-11668603708?st=5ex51ye6gzljo93&reflink=desktopwebshare_permalink

    Photo: Jonathan Raa/Zuma Press

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    #FTX #SBF #WSJ

    View 47 Comments

    47 Comments

    3. Hasan Choudhury on

      The entire sector is now suspect.
      Journalist media experts celebrities influencers politicians and talking heads all participated in the pedaling unsubstantiated make believe stuff.
      Satoshi Nakamoto would be ashamed of what happened.
      Back to self custody of crypto currency in Trezor.
      All other are suspects. Thanks.

    7. John Shearing on

      Boo Hoo😭Why don't you report on the Gensler MIT connection and the 40 million dollars that FTX stole for the Democrats by diverting Ukraine relief donations made by customers. Why don't you ask why SEC head Gensler of Goldman Sachs gave FTX a free hand while randomly attacking valid crypto projects. Why not report on how Big Banking is using the bribed Dems and this contrived crisis to destroy cryptocurrency and replace it with Central Bank Digital Currency that can be turned off if you challenge their policies. WSJ doesn't report on the real scam because their diversions are part of it.

    19. Allen Hubbard on

      hello – i'm planning to "diversify" my passive investments and try eToro copy trading as an additional option. Assuming I've done my due diligence and copy trading a long term investor, any thoughts if it will work as a passive investment?

    20. Massimo on

      I am the punishment of God…If you had not committed great sins, God would not have sent a punishment like me upon you.”

      ― Genghis Khan
      (echoed from another post somewhere else)

    28. Dan The Man on

      So Sammy was allowed to remain in Bermuda wiping out drives on his data bases? Cool👌🏼. 6mo. Ago, channel coffeezilla threw up a red flag saying this was 100% Ponzi scam but apparently no one listened.

    30. Michael Ashby on

      The common pattern over the past couple decades is that businesses that just provide value, boring companies that focus on doing things well usually don't have huge scandals. The businesses that talk about their virtues and how they are saving the world, seem to disproportionately have huge scandals and hurt lots of people. Is there an index for this?

    31. Leonor Rivera on

      To accept FTT tokens as your salary instead of cash is just unacceptable. Why did the employees allow it? Oh well, there's a saying, there are no scammers if no one is willing to be scammed.

    33. Kai Sosceles on

      Makes no sense for employees to quit a company like this. Stay on, stop working, get fired. By quitting, they're no longer able to collect unemployment while they search for a new job.

    34. slovokia on

      I wonder how many hundreds of millions of dollars SBF has hidden away around the world for his own use? I’d bet he took more out of his scam than Bernie Madoff did.

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