Robby Soave explains how — and why — the crypto currency exchange FTX tumbled last week, sending shockwaves through the crypto community. #FTX #cryptocurrency #bitcoin
The general counsel for cryptocurrency trading company FTX announced on Saturday that the exchange is investigating unauthorized transactions.
According to lawyer, Ryne Miller, “Among other things, we are in the process of removing trading and withdrawal functionality and moving as many digital assets as can be identified to a new cold wallet custodian.””
The CEO, who previously led failed energy company Enron through bankruptcy, added that FTX launched an “active fact review and mitigation exercise” directly after the unauthorized exchanges were identified. The company is also in contact with law enforcement and various regulators.
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34 Comments
Money laundering to Ukraine and the Democratic party.
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Common Crook.
Ponzi. S C A M.
These Jews and thier names, nothing shows how much you love money than having a name like that Bankman-Gold-Silver-Ruby-Stien
i wonder if Bri know that the current Federal Reserve has eliminated reserve requirements for all depository institutions. so basically a bank can lend an unlimited amount of funds and have no reserves preventing a run.
It's obvious Brihana doesn't understand crypto to say the least. The FTX scandal has nothing to do with Bitcoin.
TRUMP 2024 is a shoe in once this gets to Donald. Self imploding dems strike again
That pic at 4:46 with Clinton reminded me that his hqs are near Epstein island. Eww
11-17-22 Hopefuly he goes to prison…forever!!
How fast she tries to cover for a fraud that donates $ to her party.
BJG, the power of cryptocurrencies is the transparency. SBF was working against that transparency. Do some research or interview ppl before you opine
The young man was just another fast talking crook
And our banking regulators are dumber than bricks
It wasn't a bank run. An exchange should not function as a bank, and so they shouldn't be lending out depositors funds. Thus was outright fraud.
oh, no wonder gas prices are going down
z!0 juice
Laser focused.
The corruption in politics is insane…fraud everywhere….follow the money
So we are just gunna skip over the part where FTX tied itself to the Ukrainian war effort and took in large portions of the US-Ukraine war aid only to send it back to democrats in donations????
That’s called money laundering folks.
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