The Wrap Up: HOW SAM BANKMAN-FRIED CRASHED FTX & LOST $14 BILLION IN ONE DAY

Market Mondays

EYL Network

Entrepreneurship, Business, Investing

5.0 • 4.1K Ratings

🗓️ 24 November 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this Wrap Up we spoke about Sam Bankman-Fried and the crashing of the crypto exchange FTX. We discussed what happened and what it means for cryptocurrency investors. #ftx #SamBankmanFried #earnyourleisure

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Transcript

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0:00.0	So let's get into this right off the rip before we bring our guest on.
0:03.4	Let's talk about what everybody wants to talk about.
0:06.1	FTX.
0:07.2	Wow.
0:07.7	There's a buckle that happened.
0:11.2	I'm just pulling on my notes on this.
0:12.8	So Sam Benfrey was labeled the golden child of crypto young man who was the CEO
0:22.4	or is the CEO of that exchange is a crypto exchange.
0:26.2	He stopped that, didn't he?
0:27.6	Oh, he's no longer CEO.
0:28.5	I mean, I think if you get on the plane and go to Argentina, we kind of quit.
0:33.4	OK.
0:34.4	All right.
0:34.8	Well, and any of it, yeah, former CEO, yeah, uh, uh, crypto exchange called FTX.
0:41.0	I think they had the Miami arena.
0:43.3	Yeah.
0:43.5	Yeah.
0:43.8	Yeah.
0:44.0	Yeah.
0:44.0	You formerly American Airlines now FTX, but they striped it to deal with like 10 years for 145 million,
0:50.6	something like that.
0:51.5	Yeah.
	...

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