U.S. authorities have charged FTX cryptocurrency exchange founder Sam Bankman-Fried with a host of financial crimes, following his arrest in the Bahamas on Monday.

Many are calling the fall of his multi-billion-dollar empire one of the biggest examples of financial fraud in American history.

Jackson Proskow explains what U.S. prosecutors are accusing Bankman-Fried of and how the implications for millions of customers and investors.

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