FTX Cryptocurrency Exchange was once thought to be a pillar of legitimacy in the Cryptoworld. Sam Bankman-Fried, the company’s former CEO, is now answering to over $3.1 billion in unsecured claims. The company filed Chapter 11 bankruptcy earlier this month. Our team at Motherboard dives into what exactly happened, and what this means for the future of the company.
Help keep VICE News’ fearless reporting free for millions by making a one-time or ongoing contribution here. – https://vice.com/contribute
Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News
Check out VICE News for more: http://vicenews.com
Follow VICE News here:
TikTok: https://www.tiktok.com/@vicenews?lang=en
Facebook: https://www.facebook.com/vicenews
Twitter: https://twitter.com/vicenews
Instagram: http://instagram.com/vicenews
More videos from the VICE network: https://www.fb.com/vicevideo
Follow VICE World News here:
TikTok: https://www.tiktok.com/@viceworldnews?lang=en
Facebook: https://www.facebook.com/viceworldnews
Twitter: https://twitter.com/VICEWorldNews
Instagram: https://www.instagram.com/viceworldnews/
#VICENews #News
26 Comments
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊 I háve been earnings $34,700 returns from my $6,500 investments every 14days.
Vice will you mention he was a top democrat donor or no? You’ll just ignore democRAT corruption in broad daylight?
I'm new to trading << how can I make more profitable investment in market now
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🖕🖕🖕🖕🖕🖕🖕😂😂😂😂😂
This scam is deep.
This is going to be interesting
Interesting
When vice news is washed up and not getting the views they use to so they have to do a rise and fall of someone lmao 😂😂😂😂
Hahahahahahahahahhahaha ponzi 🦖☄️
I don't understand the trend of having interviewers and journalists who speak as if they hate their entire existence with zero emotion in that weird monotone voice, with no smile or energy. It's like they are employing human Eeyores as journalists nowadays.
The bots saying how much they made from the “markets” is always amusing
The only leftist backed crypto exchange and it was the biggest scam hmm
I can't wait to read the crypto-scams in the comments.😐
And why is he not extradited and in custody?
Um, the Ukrainian connection? You did shy away from that one Michael Learmonth🤦🏻♂️
AKA I told you so to everyone who wouldn't shut up about Crypto currency.
I hope some crypto investors also purchased valuable NFT's so that they didn't lose everything when the currency collapsed. They might restore their fortunes by cashing out their NFT's. Right?
Who would have thought an intangible currency that nobody accepted would be a scam lol
Those who lost huge money are themselves responsible for it. Your greed made you invest your life earning to such baseless, illogical and dubious crypto.
It's not altruism if your donations were ill-gotten gains. Especially when people lost their savings.
what is a new catchy modern word so we can finally term these people
cryptogangster
cryptokuza
the cryptel
the cryptia
cryptofiend
cryptomobster
Sam Bankman Fried is a genius!
Crypto bros, stand on your garbage.
Even worse it was set up by the democrats to funnel money through Ukraine and launder all of our tax money it's the biggest scan since enron, no one will pay , Ukraine was a big scam💯
Who was dumb/corrupt enough to put that Canadian pension fund into crypto?!