What happened with the FTX collapse and Sam Bankman-Fried?

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Natalie Brunell of the Coin Stories podcast explains what exactly happened with Sam Bankman-Fried and the FTX scandal, and what it means for the future of crypto.

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As a journalism major grad, I will say this:

EXCELLENT reporting skills.

drek
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Very well articulated. Thank you. A simple fraud on paper, yet some of the most sophisticated investors in the world never caught onto it. That's the worrying bit, the people we hold to great account sometimes forget to do their homework.

vivw
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Good report. I recommend omitting the background music. In my opinion, it doesn't add, it detracts.

rakscyn
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I’d let Natalie collateralize my margin position

justinshin
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What's the old saying a fool in their money are soon parted, 🤔🤷🏻‍♀️

thomaswilson
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Ftx, for everything else there's MasterCard 🤭😂😂😂

thomaswilson
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Sam {The Bankman} - {definitely} Fried

edski
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Natalie: Had SBF leveraged his positions of crypto with Chinese semi conductor chips he wouldn't be in this position. Even co-mingling clothing irons, hair grease and brushes and other high quality beauty product from Hong Kong would have boost his portfolio backing up and supported his token. However, it appears he didn't invest in Hong Kong much, not hair brushes or irons, not hair gel, toothpaste or quality shaving creams. Total Fail.
He was researching the wrong thing...selfishness and from a island full of Buddhist- we have to make books as examples of how NOT to trade.
It's called trading! Not give and wait.

hiyelow