2min chapter

Behind the Bastards cover image

How Sam Bankman-Fried Conned the Crypto World

Behind the Bastards

CHAPTER

Is FTX Solvent?

FTX was a giant Ponzi scheme where they were taking in money, promising unreasonable returns. It has led to a class action lawsuit against Larry David Shaquille O'Neal Tom Brady and a number of celebrities who were all in a Super Bowl ad for FTX. We are talking in the 10 to $20 billion stolen. This is a serious financial crime. I'm going in on this pretty cold.

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