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    The Fall Of FTX And Sam Bankman-Fried



    Sam Bankman-Fried and his crypto companies poured billions of dollars into the industry after the Terra-Luna stable coin crisis. As recently as September, Bankman-Fried told CNBC that his exchange, FTX, had $1 billion in cash cash to deploy at any given moment
    It seemed like Bankman-Fried had become the so-called ‘white knight’ of crypto, the lender of last resort for an entire industry. And for a while, things were looking up. The price of bitcoin and other currencies leveled out and developers continued to build new projects.
    But now? Nearly six months to the day after Terra Luna collapsed, FTX has filed for bankruptcy protection and Bankman-Fried faces investigations from U.S. regulators and the Department of Justice.

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    The Fall Of FTX And Sam Bankman-Fried

    View 44 Comments

    44 Comments

    6. John Ritter on

      You cant invest in crypto without greedy bones and deaf ears so what's the big deal? Anyone trying to make a quick buck shortcutting while there is a worker shortage in America is a traitor. Seems like a good thing to the 50% of poorer Americans that pay increased prices to level out your fake money.

    9. Hamie on

      I'd be amazed if he hasn't ripped off some very high end criminals, who certainly won't see bankruptcy or a minimal jail sentence as a form of retribution.

    10. Emerald Eva on

      <<<<<The rich stay rich by spending like the poor and investing without hesitating then the poor stay poor by spending like the rich yet not investing like the rich

    12. ĐẠO ĐỨC LÀM NGƯỜI on

      VIỆT NAM VÀ TQ LÚC NÀO CŨNG TÌNH CẢM, YÊU THƯƠNG, HÒA HỢP NHƯ NƯỚC VỚI SỮA. ANH EM MÔI HỞ RĂNG LẠNH, CÙNG NHAU VƯỢT QUA, HẠNH PHÚC TRÀN ĐẦY! KHÔNG HẬN THÙ, ỨC CHẾ TÂM!

    18. LT L on

      To think that so so so so many western us media, celebrities, actors, models, athletes etc wall Street, Kramer, O etcetc etc recommend this rubbish investment. Should sue them all in class action

    19. Robocow one on

      If he isn't in prison, then he didn't fall!!! He was simply a facilitator to launder money send to Ukraine back to the DEMONRATES for the midterm election campaigns!!!

    24. Cross Vinburn on

      How to be saved and be right with God for eternal life!
      1-Admit you’re a sinner and be willing to turn from your own self righteousness to God.
      2-Believe onto Jesus Christ,who being the begotten Son of God, died on the cross, was buried and resurrected for the full forgiveness of our sins as a free gift.
      3-Confess onto God,asking to be saved accepting this free gift of salvation,
      to start a new life being born again after being saved from your sins.

      Scripture links below from the King James Bible.

      The romans road to salvation.
      1.Romans 3:10, “As it is written, There is none righteous, no, not one:"
      2.Romans 3:23, “For all have sinned, and come short of the glory of God.”
      3.Romans 5:8, “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us."
      4.Romans 5:12, “Wherefore, as by one man sin entered into the world, and death by sin; and so death passed upon all men, for all that have sinned:"
      5.Romans 6:23, “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.”
      6.Romans 10:9, “That is thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.”
      7.Romans 10:13, “For whosoever shall call upon the name of the Lord shall be saved.

      More scripture.
      John 3:16-17
      16."For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”
      17.”For God sent not his Son into the world to condemn the world; but that the world through him might be saved.”

      Romans 5:8-9
      8."But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us.
      9."Much more then, being now justified by his blood, we shall be saved from wrath through him."

      1 Corinthians 15:1-4,
      1."Moreover, brethren, I declare unto you the gospel which I preached unto you, which also ye have received, and wherein ye stand;
      2."By which also ye are saved, if ye keep in memory what I preached unto you, unless ye have believed in vain.”
      3."For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures;”
      4."And that he was buried, and that he rose again the third day according to the scriptures:”

      Even more Scripture for how people act before the last days.

      1 Timothy 4:1-5
      1.Now the Spirit speaketh expressly, that in the latter times some shall depart from the faith, giving heed to seducing spirits, and doctrines of devils;"
      2."Speaking lies in hypocrisy; having their conscience seared with a hot iron;” 3."Forbidding to marry, and commanding to abstain from meats, which God hath created to be received with thanksgiving of them which believe and know the truth..”
      4."For every creature of God is good, and nothing to be refused, if it be received with thanksgiving”
      5."For it is sanctified by the word of God and prayer.”

      2 Timothy 3:1-7
      1."This know also, that in the last days perilous times shall come."
      2."For men shall be lovers of their own selves, covetous, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy,"
      3."Without natural affection, trucebreakers, false accusers, incontinent, fierce, despisers of those that are good,"
      4."Traitors, heady, highminded, lovers of pleasures more than lovers of God;"
      5."Having a form of godliness, but denying the power thereof: from such turn away."
      6."For of this sort are they which creep into houses, and lead captive silly women laden with sins, led away with divers lusts,"
      7."Ever learning, and never able to come to the knowledge of the truth."

    29. William on

      We heading to a digital dollars so if the peasants speak out against a rigged ( you know what religion), system, the government can turn of your money and take it.

    31. jim k on

      These young techno entrepreneurs are not like the good old hard working businessman who had a service or product to sell after trying out many years to be successful. What did these young techno do to sell you? Nothing but a virtual money that no country or government is responsible and keep it growing? Yes, the virtual coin climb very fast. Base on what? Preying on people's greed who wants to get rich quick. So fast they become billionaire within a few years at a tender age without understanding what is hardwork and welfare of their workers. Do they have workers in the first place? So much money that GREED took over their head and they lose it. Do they feel sorry for your money lost? NO. They regret not being able to maintain the same level of luxury lifestyle forever. Then who know, they did not stuff millions somewhere in case it collapse?

    34. Brendan on

      Lock up Bankman Fried. Dems helped his wash the money as well. GOP needs to launch investigations into every politician who took money from him… Starting with Biden

    36. lirpa5 on

      Pikachu Face!
      Crypto has been around for over ten years. If you're just now waking up to the fact it's a scam, then you deserve to lose every penny.

    37. Interglacial Optimist on

      Cryptocurrencies are just a video game where you feed it money and sometimes you get back more than you put in. Of course they're easily hacked and it's just fun for kids and gamblers. And it's fun to talk about you get to use really big long words that mean absolutely nothing but you sound smart.

    39. Todd Grady on

      Clearly the two CEOs were involved in criminal activity and clearly should go to jail along with many other in these companies. If they gave customer money to Democrats they to are involved in the same criminal actions as they received the customers money. This may be the biggest F up in our government history. DOJ failure all the way.

    42. R1GAMBLER on

      DC UNIPARTY pushes Billions of US Tax Dollars into unaudited CIA Ukraine Proxy WAR blackhole. CIA installed Ukraine PUPPET pushes funny money into CIA Cryptocurrency Front Operation. CIA PATSY from techie central casting launders cash back into US sElections, PACs, & UNIPARTY Politicians.

      FTX Bankman-Fried made multiple visits to the White House according to White House visitor logs. 👀

      It's getting spicy!!! Somebody bout to commit Epstein.

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