The Rise and Fall of FTX Cryptocurrency Exchange

FTX Cryptocurrency Exchange was once thought to be a pillar of legitimacy in the Cryptoworld. Sam Bankman-Fried, the company's former CEO, is now answering to over $3.1 billion in unsecured claims. The company filed Chapter 11 bankruptcy earlier this month. Our team at Motherboard dives into what exactly happened, and what this means for the future of the company. Help keep VICE News’ fearless reporting free for millions by making a one-time or ongoing contribution here. - https://bit.ly/3oRyDu8 Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News Check out VICE News for more: https://bit.ly/2HR9kGq Follow VICE News here: TikTok: https://bit.ly/3yIIbvH Facebook: https://bit.ly/36oafb0 Twitter: https://twitter.com/vicenews Instagram: https://bit.ly/2VvVaxT More videos from the VICE network: https://bit.ly/3fWNVrZ Follow VICE World News here: TikTok: https://bit.ly/3q0n04f Facebook: https://bit.ly/3cAK6vk Twitter: https://twitter.com/VICEWorldNews Instagram: https://bit.ly/3cCOr13 #VICENews #News