FTX Crypto Fraud, Simplified Explanation & Reaction From Content Creators

Streamers on Twitch and YouTube explain the FTX Cryptocurrency Scandal, as well as reactions to each other's content.

twitch.tv/moistcr1tikal
twitch.tv/xQc
   / ludwigahgren  
twitch.tv/atrioc
twitch.tv/zackrawrr (asmongold)
twitch.tv/hasanabi

Key Moments:
0:00 FTX Intro
1:04 Sam Bankman-Fried, the world’s “most generous billionaire”
2:59 Sam creates FTX Crypto
3:45 Sam convinces investors to pour Hundreds of Millions of $ into FTX
5:33 Nothing can go wrong for FTX…
6:04 Introducing The CEO, a “28 Year Old Harry Potter Fan”
7:13 Sam uses customer’s deposits to illegally fund Alameda
7:45 FTX replaces customers funds with (now worthless) FTT token
8:08 Binance’s CEO, FTX rival, dumps all of his FTT Token
9:10 FTX starts to crash
10:18 Is Crypto, as a whole, a scam?
11:16 $600 Million disappears from FTX wallets, claims they were “hacked”
11:59 Sam tells customers he’s “sorry”
12:30 Final thoughts from content creators

#sambankmanfried #ftx #twitch