Cryptocurrency

FTX co-founder Sam Bankman-Fried defends collapse of crypto exchange



In his first live interview since his company filed for bankruptcy, disgraced FTX co-founder Sam Bankman-Fried denied committing fraud at the crypto exchange. Jim Baer, president of CMBG Advisors, joined CBS News to discuss Bankman-Fried’s legal troubles.

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17 Comments

  1. *Iā€™m so happy I made productive decisions about my finances that changed my life forever. Iā€™m a single mother living in Melbourne Australia, bought my second house in September and hoping to retire next year at 50 if things keep going smoothly for me.,,….

  2. It was a Scam from Day 1… Just like Narcotics in Society…. It is all based upon 'Everyone Else', which in this Case, it is Government not Allowing Counterfeit Currency being Created… It is Monetary Commodities Fraud, was since Day 1. It was Criminal Enterprise…. Under NO CIRCUMSTANCES should Financial Wealth, Worth, Accountability, ever be Anonymous , because Land, Labor, Capital are all Commodities, "Unit for Unit'……. Crypto was none of the Above, though it used 'A Huge Amount of Energy'….. It was an Environmental Catastrophe…. When it was nothing more than a 'Torrent File or Bit Hashing'… Disguised as a P2P Transaction… No telling how Many People, Lost all their Money, simply by System Failure or Forgetting their Account Number/Password, etc…. Which they had to take the Blame for that……

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