The Rise and Fall of FTX Cryptocurrency Exchange

FTX Cryptocurrency Exchange was once thought to be a pillar of legitimacy in the Cryptoworld. Sam Bankman-Fried, the company’s former CEO, is now answering to over $3.1 billion in unsecured claims. The company filed Chapter 11 bankruptcy earlier this month. Our team at Motherboard dives into what exactly happened, and what this means for the future of the company.

Help keep VICE News’ fearless reporting free for millions by making a one-time or ongoing contribution here. – https://vice.com/contribute

Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News

Check out VICE News for more: http://vicenews.com

Follow VICE News here:
TikTok: https://www.tiktok.com/@vicenews?lang=en
Facebook: https://www.facebook.com/vicenews
Twitter: https://twitter.com/vicenews
Instagram: http://instagram.com/vicenews
More videos from the VICE network: https://www.fb.com/vicevideo

Follow VICE World News here:
TikTok: https://www.tiktok.com/@viceworldnews?lang=en
Facebook: https://www.facebook.com/viceworldnews
Twitter: https://twitter.com/VICEWorldNews
Instagram: https://www.instagram.com/viceworldnews/

#VICENews #News

source