Every Monday and Wednesday host Kelly O’Grady speaks with plugged in experts to discuss the latest twists and turns in the case against the FTX CEO.
Sam Bankman-Fried, FTX founder, was arrested in the Bahamas a day before he was to testify before the House Financial Services Committee.
Bankman-Fried is accused of defrauding customers and investors to fund a lavish lifestyle, officials said. Federal prosecutors said beginning in 2019, he diverted their money to cover expenses, debts and risky trades at his crypto hedge fund, Alameda Research, in addition to making lavish purchases and illegal campaign contributions without telling his customers, according to a 13-page indictment.
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Every Monday and Wednesday host Kelly O’Grady speaks with plugged in experts to discuss the latest twists and turns in the case against the FTX CEO.
Sam Bankman-Fried, FTX founder, was arrested in the Bahamas a day before he was to testify before the House Financial Services Committee.
Bankman-Fried is accused of defrauding customers and investors to fund a lavish lifestyle, officials said. Federal prosecutors said beginning in 2019, he diverted their money to cover expenses, debts and risky trades at his crypto hedge fund, Alameda Research, in addition to making lavish purchases and illegal campaign contributions without telling his customers, according to a 13-page indictment.
FTX Collapse Puts The Whole Crypto Industry On Trial
The Trial of Sam Bankman-Fried
34 minutes
2 years ago
FTX Collapse Puts The Whole Crypto Industry On Trial
SBF is expected to take the stand on Thursday, likely to share his team’s narrative that FTX fell apart due to incompetence rather than criminality. FTX’s collapse certainly shook faith in crypto as an industry.
Natalie Brunell is a crypto aficionado and host of The Coin Stories podcast. She joins the episode to explain how cryptocurrency and their exchanges are supposed to function versus how Sam Bankman-Fried actually ran FTX.
She explains the key differences between crypto and Bitcoin and why Bitcoin could prove to be an inflation-proof investment opportunity. Natalie lays out how regulators are cracking down on unlicensed securities and the impact bad actors have had on the industry.
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The Trial of Sam Bankman-Fried
Every Monday and Wednesday host Kelly O’Grady speaks with plugged in experts to discuss the latest twists and turns in the case against the FTX CEO.
Sam Bankman-Fried, FTX founder, was arrested in the Bahamas a day before he was to testify before the House Financial Services Committee.
Bankman-Fried is accused of defrauding customers and investors to fund a lavish lifestyle, officials said. Federal prosecutors said beginning in 2019, he diverted their money to cover expenses, debts and risky trades at his crypto hedge fund, Alameda Research, in addition to making lavish purchases and illegal campaign contributions without telling his customers, according to a 13-page indictment.
