Maybe a year or two ago your friends started buying crypto. Oh man

I just got one eighty-fifth of a Bitcoin right now and then you notice celebrities endorsing crypto

Fortune favors the brave and then your dad was telling you he got a bunch of crypto

Hey, Harvey. What's a doge and then you couldn't take it anymore and you were like maybe I should get me some crypto

I don't think so. Well if you didn't a crypto exchange called FTX

Just gave you a reason to patch yourself on the back

New chaos in the world of cryptocurrency FTX shocked investors by declaring bankruptcy this week

It's spent millions making shorts name was seen and no FTX now under federal investigation and its founder taking responsibility

There was a run on the bank because it's customers lost confidence in the entire system

The cryptoclips is coming on today explain

Perhaps you like many of us at today explained have been wondering what the hell is going on with crypto all of a sudden

So first of all there's like a succession level human drama here. I have you beat you

One right role destroying another you've got financial chaos you've got exotic locals

This is going to be a movie and a probably a good one Liz Hoffman has been following the story for a brand new news outfit called

Semaphore I think you don't need to either understand crypto or care about it to like understand and care about this story

There was a run on the bank new chaos in the world of cryptocurrency FTX shocked investors by

Declaring bankruptcy this week. It's spent millions making shorts name was seen and known crypto pioneers for the last decade have been

Talking a big game about how they have

Created their own financial system the one that you know that we all live in is rigged and it's unfair

And they are living outside of it and building a parallel one that will be the sort of financial utopia

They have not done that the gravitational pull of the basic laws of finance continue to apply and that's what brought FTX down last week

And a lot of people probably hear FTX and think WTF what is FTX and

...