The FTX Scandal: Is This the Biggest Crypto Fraud in History?

In late 2022, the crypto community was shaken to its core by the sudden and dramatic collapse of FTX. Just 10 days after a damning report, the world’s third-largest crypto exchange with over one million users would file for bankruptcy! FTX’s founder and CEO, Sam Bankman-Fried would be arrested and extradited to the US to face serious charges, while his former love interest, Caroline Ellison, would plead guilty for her role as CEO of FTX’s affiliated trading firm, Alameda Research.
The collapse of FTX would also have serious ramifications for several banks and the crypto community at large, with some of the shockwaves likely to be felt for years to come. But how were these fraudsters able to dupe so many people before failing so spectacularly? And what was it that ultimately led to their demise? This is the dramatic rise and fall of FTX and its sister company, Alameda Research!

In today’s video we look at The Dramatic Rise & Fall of FTX and Alameda Research.

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