FTX's Billion-Dollar Scandal: How Investors Got Burned

In this YouTube video, we delve into the rise and fall of FTX, the second-largest cryptocurrency exchange in the world, and the fate of its investors. The exchange was founded by Sam Bankman-Fried, a 30-year-old American investor and entrepreneur, who raised 1.8 billion dollars from seven investors to establish FTX in May 2019. With innovative financial products, low trading fees, and a mobile app, FTX quickly rose to the top 5 crypto trading platforms in the world. At its peak, FTX recorded a daily trading volume of one billion dollars and a net worth of 97 billion dollars. However, the exchange faced a sudden downfall, resulting in Sam being charged with eight counts of fraud and conspiracy. This video offers a comprehensive look at the events leading up to the fall of FTX and the impact on its investors. Get ready to discover the truth behind the rise and fall of Sam Bankman-Fried’s multi-billion empire. Keywords: FTX, Sam Bankman-Fried, cryptocurrency exchange, crypto options, tokenized equities, low trading fees, mobile app, trading volume, net worth, fraud, conspiracy, investors.