The Rise and Fall of FTX Cryptocurrency Exchange

The Rise and Fall of FTX Cryptocurrency Exchange

PT8M9S | Video has closed captioning.

2024-12-23T09:32:53+0800

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