Cryptocurrency

RUIN: Money, Ego and Deception at FTX



RUIN is a feature documentary about Sam Bankman-Fried and the stunning collapse of his cryptocurrency exchange, FTX, as narrated by Bloomberg journalists and some of the central players in the rise of digital assets.

#crypto #crime #ftx

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39 Comments

  1. People are so blind. They don't trust regulated financial institutions but they trust not regulated things. The issue is not the company, the types of assets,… the issue is greedy people who will always always find a way to use the cracks in the system to their advantage. So something not regulated, the dream. And Crypto… their shiny invention to have something very very not regulated, perfect for criminal activities. And something with no real value except what you want to give it.

  2. No cryptocurrency is and was just gambling amongst the greedy. They only lost what they invested not what they think they made "trading" imaginary money. You lost your poker hand. Get over it. This is the consequence of greed.

  3. Biden received a total $79.5 million from his top 100 donors.
    $56 million dollars of that was Michael Bloomberg.
    $5.2 million in these stolen funds which you are hearing about now?? Yeah, that was donated to Biden's campaign by Sam Bankman-Fried

    So $61.2 million of a total $79.5 million dollars came from two networks:
    Michael Bloomberg, and Sam Bankman-Fried.

    The other 98 donors filled in the rest of the $18.3 million dollars.
    Seeing the problem yet??

    They're literally co-conspirators.
    You, Bloomberg, have effectively made a spin-off to VH1's puff-piece about how wonderful and cool and rad Jeffrey Epstein was.

    It's that bad.

  4. The one major, indefensible thing SBF did was… steal from rich people. That will always get you a lengthy jail sentence – ala Elizabeth Holmes or Bernie Madoff, etc.

  5. If this doc was an essay it would have been those required of certain amt of words. Seems like the editors put as much of B-roll possible to fill the 2hr. Requirement…

    In fact this really just an hr tops.

  6. This is a disease of the left. I remember seeing Mad Maxine Waters kissing SBF, with a big Kool-Aid smile plastered on her face; I would have been unsurprised if she had dropped right there and went down on him. All within the chambers of Congress. All leftists are culpable; from the media, down to those who vote for this, every..single..time…without fail. Yet, not one individual will see any consequences whatsoever.

  7. A part of me feels genuinly sorry for Sam, I don't believe he intended to cause all of this mess.For anything, Banks comingle customer funds all the time but no ever calls this into question

  8. Such a soft piece.

    I do think it's so incredibly hilarious that people in Silicon Valley thought SBF had the "cool factor" and then compare it to Zuckerberg and his hoodies as if that's cool too.

  9. Omg!! Really?!?? Talking about his mental health and well-being?!?? He ruined people’s lives. He’s a criminal bum and should be punished Old Testament style.

  10. No. Wrong from the start. Crypto was never about the future of money. Every legitimate economist and technologist knew it was a scam from day one.

  11. it's hard to listen to someone do a doco when they keep saying 'like'…. 'like'… 'like'….
    Grow up and talk like an adult.
    What am i saying?…. in this age of idiotz, even adults will talk like that 🙄

  12. What's the best part of this Documentary:

    – The fact that bloomberg remained silent even though they had the story months in advance to not harm their ad revenue
    – The use of terrible AI
    – The fact that they paint SBF in a better light that the crimes he committed

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