FTX SCAM Explained | Biggest Crypto Scam of the Decade | Sai Pathri Talks

Former CEO of FTX, Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion.

Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. Sai Pathri Talks channel explains the factors that drove FTX’s growth and what led to its downfall.

This Video explores the challenging conditions and decisions that led to a company's downturn also warning viewers on the potential risks of cryptocurrencies.

Timeline:
00:00 India - World's second largest crypto market
02:04 Who is Sam ?
04:30 Riches and Riches
06:23 What is the scam ?
10:08 Jailed for 25 years
11:11 Be careful

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