Billionaire CEO Sam Bankman-Fried lifted the curtain back on all the shady things he did as CEO of the now-bankrupt crypto exchange FTX. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live
Read more HERE: https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy
"Last night, Sam Bankman-Fried DMed me on Twitter.
That was surprising. I’d spoken to Bankman-Fried via Zoom earlier in the summer when I was working on a profile of him, so I reached out to him via DM on November 13, after news broke that his cryptocurrency exchange had collapsed, with billions in customer deposits apparently gone. I didn’t expect him to respond — typically, people under investigation by both the Securities and Exchange Commission and the Department of Justice don’t return requests for comment.
Bankman-Fried, though, apparently wanted to talk. About how FTX and his hedge fund Alameda Research had gambled with customer money without, he claims, realizing that’s what they were doing. About who gets lauded as a hero and who’s the fall guy. About regulators. (“Fuck regulators.”) About what he regrets (“Chapter 11,” the decision to declare bankruptcy) and about what he would have done differently with FTX and Alameda (“more careful accounting + offboard Alameda from FTX once FTX could live on its own”).
***
The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.
Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/join
SUBSCRIBE on YOUTUBE: ☞ http://www.youtube.com/subscription_center?add_user=theyoungturks
FACEBOOK: ☞ http://www.facebook.com/TheYoungTurks
TWITTER: ☞ http://www.twitter.com/TheYoungTurks
INSTAGRAM: ☞ http://www.instagram.com/TheYoungTurks
TWITCH: ☞ http://www.twitch.com/tyt
???? Merch: http://shoptyt.com
❤ Donate: http://www.tyt.com/go
???? Website: https://www.tyt.com
????App: http://www.tyt.com/app
???? Newsletters: https://www.tyt.com/newsletters/
If you want to watch more videos from TYT, consider subscribing to other channels in our network:
The Watchlist https://www.youtube.com/watchlisttyt
Indisputable with Dr. Rashad Richey https://www.youtube.com/indisputabletyt
Unbossed with Nina Turner https://www.youtube.com/unbossedtyt
The Damage Report ▶ https://www.youtube.com/thedamagereport
TYT Sports ▶ https://www.youtube.com/tytsports
The Conversation ▶ https://www.youtube.com/tytconversation
Rebel HQ ▶ https://www.youtube.com/rebelhq
TYT Investigates ▶ https://www.youtube.com/channel/UCwNJt9PYyN1uyw2XhNIQMMA
#TYT #TheYoungTurks #BreakingNews
221117__TA02_Sam_Bankman_Fried
Read more HERE: https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy
"Last night, Sam Bankman-Fried DMed me on Twitter.
That was surprising. I’d spoken to Bankman-Fried via Zoom earlier in the summer when I was working on a profile of him, so I reached out to him via DM on November 13, after news broke that his cryptocurrency exchange had collapsed, with billions in customer deposits apparently gone. I didn’t expect him to respond — typically, people under investigation by both the Securities and Exchange Commission and the Department of Justice don’t return requests for comment.
Bankman-Fried, though, apparently wanted to talk. About how FTX and his hedge fund Alameda Research had gambled with customer money without, he claims, realizing that’s what they were doing. About who gets lauded as a hero and who’s the fall guy. About regulators. (“Fuck regulators.”) About what he regrets (“Chapter 11,” the decision to declare bankruptcy) and about what he would have done differently with FTX and Alameda (“more careful accounting + offboard Alameda from FTX once FTX could live on its own”).
***
The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.
Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/join
SUBSCRIBE on YOUTUBE: ☞ http://www.youtube.com/subscription_center?add_user=theyoungturks
FACEBOOK: ☞ http://www.facebook.com/TheYoungTurks
TWITTER: ☞ http://www.twitter.com/TheYoungTurks
INSTAGRAM: ☞ http://www.instagram.com/TheYoungTurks
TWITCH: ☞ http://www.twitch.com/tyt
???? Merch: http://shoptyt.com
❤ Donate: http://www.tyt.com/go
???? Website: https://www.tyt.com
????App: http://www.tyt.com/app
???? Newsletters: https://www.tyt.com/newsletters/
If you want to watch more videos from TYT, consider subscribing to other channels in our network:
The Watchlist https://www.youtube.com/watchlisttyt
Indisputable with Dr. Rashad Richey https://www.youtube.com/indisputabletyt
Unbossed with Nina Turner https://www.youtube.com/unbossedtyt
The Damage Report ▶ https://www.youtube.com/thedamagereport
TYT Sports ▶ https://www.youtube.com/tytsports
The Conversation ▶ https://www.youtube.com/tytconversation
Rebel HQ ▶ https://www.youtube.com/rebelhq
TYT Investigates ▶ https://www.youtube.com/channel/UCwNJt9PYyN1uyw2XhNIQMMA
#TYT #TheYoungTurks #BreakingNews
221117__TA02_Sam_Bankman_Fried
- Category
- Europe
- Tags
- 221117__TA02_Sam_Bankman_Fried, News, Politics
Sign in or sign up to post comments.
Be the first to comment