FTX faces criminal probe in Bahamas after company collapses, loses $1 billion in crypto

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Former Crypto billionaire and top Democratic donor Sam Bankman-Fried's FTX crypto market is facing a criminal investigation in the Bahamas, police announced Sunday.

D.A. Davidson director of research Gil Lauria and Duke Financial Economics Center policy director Lee Reiners debate the case for cryptocurrency as the FTX crisis continues to unfold on 'The Claman Countdown.'

FTX, co-founded by former crypto billionaire and top Democratic donor Sam Bankman-Fried, reported that roughly $1 billion indue to "unauthorized transactions." The company is based in the Bahamas and filed for bankruptcy last week, leading to an investigation from the country's securities commission, Bloomberg reported Sunday.

Bankman-Fried resigned as the FTX CEO last week in a letter that also filed for Chapter 11 bankruptcy. This illustration photo shows a smart phone screen displaying the logo of FTX, the crypto exchange platform, with a screen showing theFTX was the third-largest crypto market in the world at the start of last week when it announced liquidity problems and would need a massive infusion of cash to stay afloat.

 

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They also need to investigate the democrat party who received donations from him.

This man should be jailed

That's how Zionists make their wealth by robbing Pensions and large investors through their Hedge Funds. Every robber is always a Zionist running a Hedge Fund

This little turd will never be convicted or sentenced to anything more than a little slap on the wrist.

FTX crash Nov 14. 2022 🤑🥳🥳🥳🥳🥳

Huh, that’s not bad…

The same reasons people like cryptocurrency are the same reasons they should fear it!

Crypto, yeah, the new definition of 'Vaporware'.....

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