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JUSTICE Comes For Crypto Billionaire After FTX Collapse


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The crypto exchange platform FTX has collapsed and its founder has lost billions. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.nytimes.com/2022/11/14/technology/ftx-sam-bankman-fried-crypto-bankruptcy.html

“In less than a week, the cryptocurrency billionaire Sam Bankman-Fried went from industry leader to industry villain, lost most of his fortune, saw his $32 billion company plunge into bankruptcy and became the target of investigations by the Securities and Exchange Commission and the Justice Department.

But in a wide-ranging interview on Sunday that stretched past midnight, he sounded surprisingly calm. “You would’ve thought that I’d be getting no sleep right now, and instead I’m getting some,” he said. “It could be worse.”

The empire built by Mr. Bankman-Fried, who was once compared to titans of finance like John Pierpont Morgan and Warren Buffett, collapsed last week after a run on deposits left his crypto exchange, FTX, with an $8 billion shortfall, forcing the firm to file for bankruptcy. The damage has rippled across the industry, destabilizing other crypto companies and sowing widespread distrust of the technology.


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Besides some Twitter posts, messages to employees and occasional texts to reporters, Mr. Bankman-Fried, 30, has said little publicly over the last week. In the interview on Sunday, he voiced numerous regrets over the

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43 Comments

  1. – If FTX & SBF have ripped off some (very) wealthy investors then one can be sure that SBF will be investigated by the SEC and SBF is likely to spend a long long time behind bars.
    – The more I learn about this FTX & SBF the more I think FTX & SBF didn't have the intention to return any money to their investors.

  2. everyone should go on Twitter and poke at FTX, the Bahamas gov/SEC, our SEC, and tell them to undo the fraudulent expense Sam bankman fried has done such as buying houses at 1.2 million, over compensation, and transfers that they should not have done and to work SBF to the bone to return money for the rest of his life incarcerated. SBF’s girlfriend was ceo of alameda giving 1 billion loan to FTX.
    The FTX court proceeding in Colorado and FTX assets is with the Bahama gov. Currently.
    Anyone stuck in Gemini should push Genesis lending to seek further income as they were affected by FTX so to not hold people’s money hostage via Gemini for example.

  3. The short rant by Cenk acting like SBF forced Nancy Pelosi to take money and comply is ridiculous…. First off, Nancy doesn't take shit and 2nd, she has her investments locked up EASILY, let's just say "IT"

  4. Love you guys… but two close friends of mine are actually doing pretty good due to crypto currency especially bitcoin…
    They invested before it got very popular and one of them stopped at a certain point and bought a house (not a mansion) and a bit of land for himself… the other one's currently working about only 30 hours a week in a somewhat low-paying job whilst using a good amount of the rest of his time on his computer at home, making money with crypto… and he's living a decent life 😊🤷🏻‍♀️
    They both never trusted anyone else with their money… they just taught everything they needed to know over the years, themselves… and here we are 😊

  5. A black thug shoots Jasmine Barnz and TYT finds a way to tie it to Trump supporters and blame them. The Democrats second largest donor gets caught in a scam and suddenly he's just some random crypto bro. TYT is dishonest af. They have to be because they have no arguments and they lack the morals to come clean and admit they're wrong on a bunch of stuff. So instead they lie and do lies by omission to gaslight us into thinking they're decent people when they're not.

  6. Money only has the value that a country's economy puts behind it. Crypto has no country or anything backing it that is real, therefore there is no real value.
    All the speculation can only temporarily inflate the value, but using any other money for any business transactions in the US other than the US dollar is supposed to be unlawful.
    It is outlawed in our founding documents, but that never stops true criminals from finding a way to pirate and steal. When will we stop worshiping greed?

  7. TYT butchered that story. Check out coffezilla to get a better run down of what happened.

  8. This was weird….. This guy didn’t approach democrats and say I will donate to you if you promise to do what I want….. Democrats and republicans we’re taking money from a guy faking altruism who was on the cover of magazines in an financial sector that even the professionals don’t understand…;

  9. but, he lied about it… he also donated to powerful politicians, so I don't think SEC will probe too much into his business. Most of his donation to Liberals

  10. His last names are Bankman Freed??????………..
    If that name doesn't spell corruption already I don't know what does WTF lol 😂

  11. I think this inflation has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean security rather having different investments is the real deal. Yeah absolutely ,even with the current dip ín the market I'm still glad I can smile back at my portfolio of $51,500 built from my weekly trade.

  12. "Madoff"… "Bankman-Fried"… It's interesting how some of these guys' names sound like people who will rip you off.

  13. How is it that a scam artist 30 year old fake woke liberla loser was and is still given 100000X more trust and less accusations than our last president on TRAITOR claims by tyt.

    Does that Sound right ??? Thanks tyt.

  14. I wish this guy gave a trump hotel bartender a &100 tip like 7 years ago – tyt would be livid and would he demanding accountability!!!

    But thankfully he only gave bidne and democrats $100 Million. So “we don’t know ….” Hahaahahaha

  15. Get ready for SBF to begin doing what every fraudster does: blame the adults in the room (in this case the bankruptcy administrators) for losses, and claim customers would have eventually been made whole if the regulators hadn’t stepped in.

  16. He was actually pro regulation and was going against the unregulated exchanges. Jesus do some research guys

  17. “He’S a DEmOCraT.” If he was a Republican they would be trying to find a Senate seat for him and saying the whole thing was a political hit-job. You have Democrats calling for him to go to jail. This dudes company gave money to the left and right too. I can’t wait for his Hannity interview in 7 years when he “turns Republican” and grifts the hell out of the right wing base and plays the victim.

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