Law&Crime Sidebar 'I F***ed Up Twice': FTX Crypto Crash Makes High-Profile Investor's Shares Worthless
“I f***ed up twice," Sam Bankman-Fried tweeted the day before FTX Trading Limited filed for bankruptcy and he stepped down as CEO of the popular cryptocurrency exchange. Although Bankman-Fried reportedly lost $13 billion during the debacle, many high-profile investors' shares are now basically worthless. The Law&Crime Network's Jesse Weber and crypto journalist Laura Shin speculate on how this happened and what can be expected going forward after the DOJ and SEC launched an investigation into the crypto exchange.
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