How Sam Bankman-Fried Conned America's Most Powerful People

Sam Bankman-Fried built a cryptocurrency empire based on the crypto exchange FTX and a deluge of risky assets. He was later convicted of fraud and stealing customer money. Along the way, he managed to mislead a staggering amount of politicians, regulators, journalists and investors.

In the video above, Andrew Chow, technology correspondent for TIME and author of "Cryptomania," shares SBF's playbook for conning America.

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[ZeRgoth]

This company loses more credibility by the day....

[Stuff_I_Watch]

Time? I am writing a book too. On a totally unrelated note, but can I get a job on staff & get my book plugged at the same time?? I would LOVE that. I can absolutely add a controversial element to the story. It’s actually TRUE too, which I think sweetens the deal. 🍒

[probablydprintingsomething]

Praying that Ellison gets prison time during sentencing today. If she walks, maybe someone could trump her.

[Ash-ifi]

This company is as worthless as cnn hahahhaha

[joeyd-fb]

Sam stole a planet earths record of 8 billion dollars. I’m sure when he gets out there’s something hidden away for him somewhere. Im sure he will have a great retirement.

[Jadeite]

He didn't seek pro-crypto regulations, he sought regulations that would benefit him and restrict the other players. Enter CZ, in this case a real life knight in shining armour, who saw his bull and outmaneuvered him bringing him down from his white horse for the sake of all of crypto.

And also on the topic of him and regulators, look at his family and Gary Gensler. The theory that he was a soldier of Warren and co. to put a dent in the crypto industry is quite believable. Again, all hail CZ (I don't even use Binance, but his contributions and sacrifice for the crypto space and crypto values can't be overstated; meanwhile Coinbase sucks up to the Government).

P.S.: What was Gensler doing while Sam did his orgies, drugs and fraud?
With Sam just having friendly meetings and going instead after some of the best crypto companies like Kraken, cause old Gary wants the filth to be alive and well to damage crypto while he seeks to destroy the good ones, using of course taxpayers money in lawsuits that he loses.
All hail the SEC and the current US administration with thei chokehold 2.0. This time, the hail is of course sarcastically.