Crypto insiders paint a picture of a charismatic tech founder who became the darling of high-powered investors, even as Sam Bankman-Fried was brazen about his cryptocurrency exchange’s shaky business model and kept the books closed to all but a few confidants; David Jeans joins "Forbes Newsroom" to tell the story. Read the full story on Forbes: … [Read more...]
The Collapse Of FTX: Insiders Tell All | CNBC Documentary
Former billionaire, Sam Bankman-Fried, saw a meteoric rise as crypto's golden boy and an even more spectacular fall from grace as his $32 billion cryptocurrency exchange, FTX, collapsed in a matter of days. FTX customers and investors around the world watched in shock as a single tweet ignited a series of events that ended with the former crypto titan facing a dozen federal … [Read more...]
FTX founder Sam Bankman-Fried denies ‘improper use’ of customer funds | GMA
The former FTX CEO spoke to George Stephanopoulos and ABC News following both companies in his cryptocurrency empire filing for bankruptcy last month. Subscribe to GMA's YouTube page: https://bit.ly/2Zq0dU5 Visit Good Morning America's homepage: https://www.goodmorningamerica.com/ Follow GMA: Facebook: https://www.facebook.com/GoodMorningAmerica Twitter: … [Read more...]
The FTX Collapse, Explained | WSJ What Went Wrong
Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion. Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall. Illustration: Alexandra Larkin What Went Wrong … [Read more...]
Rep. Katie Porter – How Companies Use Bankruptcy to Avoid Liability | The Daily Show
Rep. Katie Porter breaks down how companies use laws to deny justice to people harmed by dangerous products, explains how bankruptcy was not designed for companies like Johnson & Johnson to avoid liability and weighs in on the Build Back Better Plan. #DailyShow #TrevorNoah #RepKatiePorter Subscribe to The Daily … [Read more...]