Watch: The FTX Crypto Collapse Explained in 99 Seconds

Watch: The FTX Crypto Collapse Explained in 99 SecondsShow more

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While most Americans are scratching their heads on the exact happenings of the collapse of the digital asset exchange called “FTX,” one YouTuber has released an excellent explanation of what is now being called the biggest fraud in crypto history. In a very concise video, a YouTuber named “Nobody Special Finance” unloaded on Sam Bankman-Fried, the soon-to-be incarcerated ex-CEO of the now-infamous exchange. “The truth is, Sam Bankman-Fried is a liar and a crook,” said Nobody Special. “His personal crypto, FTX Token, was basically a Ponzi scheme … He used his Ponzi token as collateral to borrow billions of real...
Source: https://www.newswars.com/watch-the-ftx-crypto-collapse-explained-in-99-seconds/