Was it evil? Fraud? Neglect? What we know about the FTX scandal, and the story of SBF (Sam Bankman-Fried), Caroline Ellison, and a collapse 2 times worse than Enron.
In this video, we're going to take a look at FTX and Alameda Research, two companies that have been at the center of recent controversy in the cryptocurrency space. FTX is a centralized exchange that allows both retail traders and institutional investors to trade cryptocurrencies, while Alameda Research is a hedge fund started by the founders of FTX. While FTX and Alameda were once considered the "golden children" of the crypto trading world, recent allegations have called into question the actions of the founders and the companies they run. We'll explore what we know about these allegations and their potential impact on the broader crypto community.
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"The philosophy of personal responsibility has ruined criminal justice and economic policy," Fried wrote at the time. "It’s time to move past blame."
-Barbara Fried
#sbf #ftx #fraud
Disclaimer:
This video is meant for entertainment purposes and not meant as investment advice. All investment strategies and investments involve risk of loss. Nothing contained in this video should be construed as investment advice. Any reference to an investments past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.
Always do your own due diligence before making investments.
