FTX and it's CEO Sam Bankman Fried (SBF) rose to prominence in the early 2020's, before dramatically collapsing in a little over a week, disrupting the cryptocurrency industry and revealing a scam that stole billions of dollars from consumers. The CEO has since been under investigation by the US government which has lead to his arrest. This video seeks to explain this absurd situation to people who may not understand crytpocurrency.

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Sources:
League of Legends Gameplay:    • pov: you are sam bankmanfried and tr...  
SBF arrest: https://www.reuters.com/legal/bankman...
FTX still has $1 billion to deploy:    • FTX still has $1 billion to deploy, s...  
Federal regulation is good for cryptocurrency:    • Federal regulation is good for crypto...  
Cryptoland:    • Cryptoland [Original video]  
Crypto CEOs testify before lawmakers on digital assets — 12/8/21:    • Crypto CEOs testify before lawmakers ...  

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0:00 Intro
0:43 Sam Bankman Fried
2:24 FTX
7:35 The Collapse
11:47 SBF Resigns
12:05 Fraud Investigation


#ftx #sbf #crypto