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FTX founder Bankman-Fried is watching his baby, FTX, a cryptocurrency exchange, fall to bits; along with his reputation and his "friendships". More than 2 billion dollars in client money is unaccounted for, with no indication of where the money is. A-list investors include Larry David, who so prophetically advertised FTX in last year's Superbowl ad, is probably not laughing anymore. Listen to Mark's take on how this could happen in the virtual world of cryptocurrency, with back doors, secrets and lies that caused innocent people to lose a lot of money. Crazy story.
FTX founder Bankman-Fried is watching his baby, FTX, a cryptocurrency exchange, fall to bits; along with his reputation and his "friendships". More than 2 billion dollars in client money is unaccounted for, with no indication of where the money is. A-list investors include Larry David, who so prophetically advertised FTX in last year's Superbowl ad, is probably not laughing anymore. Listen to Mark's take on how this could happen in the virtual world of cryptocurrency, with back doors, secrets and lies that caused innocent people to lose a lot of money. Crazy story.