How Sam Bankman-Fried Built a $40 Billion House of Cards

FTX was one of the largest crypto currency exchanges in the world with a market value of $40 billion. This turned founder and CEO Sam Bankman Fried into a billionaire with a net worth of $15 billion. Over the past week FTX collapsed in dizzying speed, declaring bankruptcy and freezing customer withdrawals. So what happened?

0:00 - 3:27 Intro
3:28 - 5:24 Rise of FTX
5:25 - 6:31 Earn Feature
6:32 - 7:43 JP Morgan of Crypto
7:44 - 9:06 Weak corporate governance
9:07 - 10:28 Alameda meltdown
10:29 - 12:00 FTX collapse
12:01 - 14:12 Misappropriation of funds
14:13 Bernie Madoff of crypto?

Limited time: get 5 free stocks when you sign up to moomoo and deposit $100 and 15 free stocks when you deposit $2,000. Use link https://j.moomoo.com/00iPZo

Check out our new podcast on Spotify: https://open.spotify.com/show/4UZL13dUPYW1s4XtvHcEwt?si=08579cc0424d4999&nd=1

Email us: Wallstreetmillennial@gmail.com

Support us on Patreon: https://www.patreon.com/WallStreetMillennial?fan_landing=true

All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, wallstreetmillennial.com, and we can sort it out.

#Wallstreetmillennial #ftx #sbf

––––––––––––––––––––––––––––––
Buddha by Kontekst https://soundcloud.com/kontekstmusic
Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
Free Download / Stream: http://bit.ly/2Pe7mBN
Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs
––––––––––––––––––––––––––––––

Видео How Sam Bankman-Fried Built a $40 Billion House of Cards канала Wall Street Millennial