Tuesday, May 21, 2024

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The FTX Disaster is Deeper Than you Think

Coldfusion Summaries — This is a Summary of the Coldfusion YouTube channel. For the full version please visit the link at the bottom of this page.

30-year-old Sam Bankman Freed was the CEO of FTX the second largest crypto Exchange in the world he had a net worth of 26 billion dollars and watched the Super Bowl with NBA star Steph Curry and had dinner with Jeff Bezos and Leonardo DiCaprio. Big names like BlackRock and SoftBank invested in his vision but behind the facade was something completely different Sam’s Empire was actually a bunch of 10 romantically involved crypto kids running a shady operation out of the Bahamas.

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