As the fall out from the FTX cryptocurrency scandal continues, the exchanges imbattled 30-year-old

founder Sam Bankman-Freed has begun making the media rounds defending his actions.

The company is facing legal consequences as tens of billions in digital assets have been

wiped out, and around 2 billion in client funds are still on account for it.

For this episode of Morning Wire, we talk to Daily Wire Cultural Reporter Megan Basham.

To walk us through what led to FTX's downfall and what the wider impact might be on the financial

markets.

This is Daily Wire Editor-in-Chief John Bickley with Georgia Howl.

It's December 4th and this is your Sunday edition of Morning Wire.

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All right Megan, before we get to the discussion of why the FTX Empire crumbled, I want to

quickly catch up where things stand legally now.

The company is still going through the bankruptcy process, but I read that a class action lawsuit

has already been filed, is that correct?

Yep, it sure is.

That's not surprising, given that, as you said, an estimated $2 billion or still unaccounted

for in that bankruptcy filing.

I mean, really, it's just kind of disappeared.

...