TWICE！
“I f***ed up twice,” Sam Bankman-Fried tweeted the day before FTX Trading Limited filed for bankruptcy and he stepped down as CEO of the popular cryptocurrency exchange. Although Bankman-Fried reportedly lost $13 billion during the debacle, many high-profile investors’ shares are now basically worthless. The Law&Crime Network’s Jesse Weber and crypto journalist Laura Shin speculate on how this happened and what can be expected going forward after the DOJ and SEC launched an investigation into the crypto exchange.
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Lost $13 billion? REAL money or fake money? 😀 Love how surprised the fake money people are every time it fails. 😀
Crypto was created for scammers, it’s not being hijacked by scammers 😂 this keeps happening and will continue to happen
I have trouble feeling bad for a bunch of the mega rich who got scammed and lost money.
A round of applaud for the great analysis and of personal perspective. I woke up to the sad news of FTX. The market circumstances are driving me insane, my portfolio has lost almost $18500 this month alone, my earning are tanking, and I can’t see how my retirement will go smoothly when I can’t increase my stagnant reserve. I wonder those who lived through the 2008 crash had it earlier.
Hahahaha – they were all getting paid to promote FTX and now it’s a dud. Great job Tom, Gisele, Katy, Orlando etc. you got duped!
You see if we take this box and say it’s worth 20 mil, then it has a 20 mil market cap (sbf)… Seems legit if you are trying to highlight how crypto is a ponzi
THIS. This is why I loathe celebrity and don’t lend credibility to anything they promote. They’re getting paid and the pleb is paying them for a service/product.
What they were doing, whether they knew it or not… was Corporate Genesis..
It’s the best thing that could ever happen to Gold and Silver, as all that Crypto money has to go somewhere else.They will eventually trade worthless for worthwhile.
Who cares about the famous people who lost on this.
The Larry David commercial is simply ” chefs kiss”. It truly aged like the finest of wines and wagyu beef.
Can you imagine losing 30 Billion.
It’s true (a fool and their money are soon parted).
“Long Ball” Larry, is never wrong…..
Isn’t that the same practice as standard banks? They take customers’ cash and invest it? If everyone withdrew their money at the same time they’d be screwed. Yes it’s “insured” by the fed but realistically when was the last time the gold was counted?
ya, he just made an honest mistake….😂
Sorry for those who lost. But I’m a senior trying to pay bills and buy food