A scandal erupted over the past week in the world of cryptocurrencies. A cryptocurrency company called FTX, founded by a man named Sam Bankman-Fried has imploded and wiped out billions of real-world dollars. This story is still in its infancy of being fully understood and has serious geo-political implications, with ties between The World Economic Forum and FTX having been exposed since the scandal erupted.
A popular finance YouTuber who goes by the moniker “nobody special” published a 99-second video that explains what we know so far.
Watch!
*Source: https://dailyclout.io/ftx-scandal-explained-in-99-seconds/