How the Crypto King Fooled Everyone

Video Description

The FTX disaster explained. Visit https://brilliant.org/Newsthink/ to start learning STEM for FREE, and the first 200 people will get 20% off their annual premium subscription. Newsthink is produced and presented by Cindy Pom https://twitter.com/cindypom Grab your Newsthink merch here: https://newsthink.creator-spring.com Thank you to our Patrons, including Igli Laci Support us on Patreon: https://www.patreon.com/Newsthink The interviews and footage aired in the story constitute Fair Use for editorial and reporting purposes. Other elements were purchased by Newsthink Ltd. or fall under a creative commons license in which re-use is allowed. Thumbnail source: Sam Bankman-Fried image sourced from @ftx_official on Instagram Image sources: 0:26 Interview with Mercatus Center (creative commons license - re-use allowed) https://www.youtube.com/watch?v=T3mFAZCEp8A 2:02 Images of FTX co-founders sourced from FTX website 2:44 350z33, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0 via Wikimedia Commons 2:46 Gatorfan252525, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0 via Wikimedia Commons 2:48 Phillip Pessar, CC BY 2.0 https://creativecommons.org/licenses/by/2.0 via Wikimedia Commons 2:55 Broll courtesy of Cointelegraph (creative commons license - re-use allowed) https://www.youtube.com/watch?v=EsmhjNtlT_Y 3:41 Caroline Ellison image sourced from Liquid https://blog.liquid.com/women-in-crypto-caroline-ellison 7:50 Changpeng Zhao image: Aevozer, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0 via Wikimedia Commons 8:36 Bankman-Fried image sourced from Alamy (Newsthink Ltd. is a registered client) 8:39 Gage Skidmore, CC BY-SA 2.0 https://creativecommons.org/licenses/by-sa/2.0 via Wikimedia Commons 8:42 Michael Stokes, CC BY 2.0 https://creativecommons.org/licenses/by/2.0 via Wikimedia Commons Articles referenced: Coindesk article on FTX executives dating each other https://www.coindesk.com/business/2022/11/10/bankman-frieds-cabal-of-roommates-in-the-bahamas-ran-his-crypto-empire-and-dated-other-employees-have-lots-of-questions/ Coindesk article on ties between FTX and Alameda https://www.coindesk.com/business/2022/11/02/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet/ Reuters reporting on the FTX scandal: https://www.reuters.com/technology/exclusive-behind-ftxs-fall-battling-billionaires-failed-bid-save-crypto-2022-11-10/ Reuters article on the missing $1 billion customer funds https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/