ABC News’ Linsey Davis spoke with bankruptcy attorney Jim Baer about what we’ve learned and what went wrong after the bankruptcy of cryptocurrency exchange FTX.
ABC News Live Prime, Weekdays at 7EST & 9EST
WATCH the ABC News Live Stream Here: https://www.youtube.com/watch?v=w_Ma8oQLmSM
SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP
Watch More on http://abcnews.go.com/
LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews
FOLLOW ABC News on TWITTER: https://twitter.com/abc
#ABCNLPrime #FTX #cryptocurrency #CryptocurrencyExchange #bankruptcy
34 Comments
You can call AMA550X bots but that does not change the fact that the shill is absolutely deserved. Out of all launches we had, talk about ETH, talk about XRP, talk about all these new chains but AMA550X breaks everything
AMA550X has partnered with Nike and Binance, expecting huge gains on this one. Their ICO presale is currently ongoing.
I've had the feeling BTC would be going to 3k as well. Clearing out all my Alts going into BTC and AMA550X only, maybe a little BNB.
Truly love your candidness, I DCAed today again for BTC AMA550X and ETH
Interesting how much he donated to democrats. Very interesting how that always works out
I think anyone investing in crypto and all of these "AMA550X" sham comments is delusional and should immediately seek professional help.
Don't you just love how all of these bad economic news stories come AFTER the midterms election? It's like when Big Pharma waited to reveal their vaccines until a week AFTER the 2020 election. Corruption is rampant in corporate America and the news media.
BNB win we need to celebrate for CZ who agree.
SBF and his associates are crooks who should be in prison awaiting trial. The fact that these criminals are still free testifies to the corruption of the so called justice system.
Where are the real journalists? Do they even exists,or are they just teeth bleached repeaters reading from a teleprompter?
There seem to be no one investigating all these scam companies these days..
BAN crypto
Hmmmmmm I definitely DONT think this he’ll be given a chapter 7, he will literally be left naked in the current predicament he is in.
It cost billions of dollars to learn a simple lesson…
Smells like BCCI.
Bankman-Fried will face serious criminal charges if and ONLY IF, the victims of this ponzi scheme are the super rich and powerful. Had his victims been working class people or state employee pension funds, he would walk with no consequences.
No sympathy for anyone foolish enough to buy crypto. Same with NFTs.
No government entity should be allowed to invest in crypto. Those that have and lost money should be dismissed and prosecuted if possible.
GREED
Is it better to give than it is to receive?
Are you not blessed when you give to those in need?
Is it not the man who has less, that value more, that which he cannot afford? While the man who has all, value nothing, but always seek to have more.
He says “they get a little careless “😂😂😂
I say “ they never kept employees listed “😂😂😂
Jim Baer – I wonder who's brought it to be the smart guy
BUY THE DIP !! Oh Hell Yes – Buy this Dip it is an opportunity of a lifetime !!! DO NOT MISS OUT !!
Dear Reader:
Grow the F*ck up people ! If you went' into Crypto not paying attention to the warnings that it is a speculative asset class, volatile or that you could lose some or all of your investment, than you should never have invested in the 1st place. You should never have more than 2% of your portfolio invested in something that you cannot afford to lose. Crypto, as most investor's know, is not even backed by the Fed, nor does the S.E.C. have any real governance in place, let alone even insure a portion of your investment in the case of losses. If you still want' to invest in s asset classes than pick an exchange that is on-shore, in the United States, and always keep the majority of your Crypto in a Hard Wallet !!! Nuff' Said !!!
JSC
All the money they loaned to congress causing inflation never existed. They get the money from your income taxes and by raising interest rates for usury.
"Crypto" = trying to make money without going to work. Uh, when somethin sounds too good to be true, isn't it, usually?
Good! Hope they lose everything! I mean everything!!!!
I bet these guys are still writing swaps and taking trades from brokers… piece of SH*TS. The 🇺🇸 GOVERNMENT allowed this to happen, they know we know they did. The whole stock market is a massive ponzi scheme. Pieces of Sh*t
I have to say it….. BITCONNEEEEEECT!
Why is the Bernie Madoff of crypto getting a free pass from the media?
Tax dollars->Ukraine->FTX(donates)-> Politicians
Money Laundering 101
The Senate investigating FTX is like Buffalo Bill investigating Jeffrey Dahmer. Next well find out from Darth Vader how the death star was funded right after he investigates himself.
Sam stole billions. How is he not in jail?
There is no bag to hold. It's gone.
Let's play the "What If It Was Trump" game………..If Republicans/Trumps second largest donor behind the Democrats largest George Soros was in this kind of trouble how would the media be reporting on it? FTX/SBF stole money from investors and used it as a Slush Fund for The Democrats.
The market may continue to decline, but if you're an expert, generating significant gains during this downturn won't be a problem. It all depends on how long you're willing to hold.
FTX is a big democrat donor, so don't expect him to get any prison time.