#SBF #FTX #yahoofinance
The implosion of cryptocurrency exchange FTX has drawn the attention of politicians, with the House and the Senate set to hold hearings on the mess on Tuesday and Wednesday, respectively. The House’s Committee on Financial Services is first up at 10AM ET with a hearing titled, “Investigating the Collapse of FTX, Part I.”
Last month, Binance agreed to buy FTX, which was facing a liquidity crisis. Binance backed out a day later after taking a look at FTX’s books. FTX then filed for bankruptcy protection and Bankman-Fried stepped down as CEO.
Ray, a corporate restructuring veteran who oversaw Enron’s bankruptcy process, said FTX was in an “unprecedented” mess and that he’d never “seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.” Ray also claimed that Bankman-Fried has been making “erratic and misleading public statements” about FTX. The former CEO has given several interviews since leaving the post.
The collapse of FTX, which has dragged down other players in the crypto industry, could impact more than a million creditors. Prosecutors in the US are said to be investigating Bankman-Fried for possible fraud.
For more on this article, please visit:
https://au.news.yahoo.com/ftx-hearings-sbf-house-congress-senate-133021258.html
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Maxine Waters is in on it
Waters is one of the most corrupt politicians and needs to be investigated herself
Never heard of a welder ripping off people for millions of dollars only to have to pay a fraction of what was stolen. Maybe its the idle hands of the “elite” lying class that occupies the upper levels of all pyramid schemes including the President of the USA.
This man said Creepy Dough and bombed
Why isn’t that owner of FTX in jail, permanently? That guy can testify, but the democrat recipients of his donations are trying to hide it so they won’t have to give the millions back.
The Democrats won’t let Bankman-Freed testify.
We sure don’t want any other ELECTRONIC MONEY from ANY BANK, especially the FED, BIS, or any other government or bank. Got it?
No electronic money ever , from any bank or government. Cash only, dollar bills and coins only. Credit cards only, NO DIGITAL CURRENCY.. forget it !!!!!
The banks are also corrupt, ie., HSBC money laundering. The government has become very corrupt, ie. Hilary Clinton emails, Biden laptop. There is not going to be DIGITAL CURRENCY , ever !!!! Forget it.!!!!!
You have done enough to steal the FRUITS OF THE AMERICAN PEOPLES LABOR.!!!!!!!!!!!
Haha
I think it would save everyone considerable time if they worked on their public speaking abilities. However, I do like the way of these proceedings are going.
A corrupt system taking its paymaster to task. Us is like a clown show.
“Diversity and Inclusion” ???!!!! WTF???
Maxine Waters should be 1st to give back the Millions SHE recvd from SBF or go to prison ..alo g w the other Democrats, RINOs like McConnel, McCarthy and all the fake media, magazines, papers etc etc that also recvd Millions to prop him up, cover-up this whole mess.. incldg O’Leary Mr Winderful who was paid $15 Million + Millions more in FTX token coins. All colluded to rip off average retail investors who lost their homes, pensions, savibgs, families & some have “suicided”
Criminals are able to get away with a lot more by using cash than using cryptocurrency in the blockchain every single transaction is monitor in the blockchain including Bitcoin so his assessment of human trafficking and cartels moving drugs and using crypto is not accurate
Lol! How many MILLIONS did he give to Maxine waters 😀😂
Maxine Waters knows exactly what happened, she was in on it….
Democrats arrested him fyi. I think this is manufactured to keep Ripple from being a valid currency claim cryptocurrency and tokens are investments.
Is it just me, or does everything feel so blatantly orchestrated? It’s like the system humorously discounts our intelligence.
They only need to convince enough people so that they create a divide between those who see the truth and those who don’t.
This is sad and lame. We pay for this?
The same folks who didn’t want regulations because they would interfere with innovation now blame the government for not having proper regulations to protect retail investors! STFU, speculators! You add no value to our economy!
lol Sheila Jackson got a bunch of money from him.
Do you notice something that alot of these financial fraudsters have in common?
Just have to suffer through jabber Jaws on the opening statement, flush it all waters.
This is the Dems fundraising plan just so everyone is aware
Mad Max is a crook.
Guilty‼️
Why is the legislative branch doing an investigation that’s the job of the executive branch
I like the new president’s statement about him never seeing such a lack of control and a disregard for financial and fiduciary responsibility… well he never investigated the US government had he? He can start with the DOD..I mean they can’t locate trillions of dollars.
Please investigate hyperverse, hypernation run by sam lee, ryan xu, keith willaims and the sales leaders they have scammed billions of dollers from members and still doing the same please please investigate.
LedgerX is an appropriate name because the X is a variable, meaning no one knows exactly what’s going in and out of that company.
Hahaha, she’s so full,of it. If you had really wanted to know, you would have allowed him to testify instead of arresting him. She and her friends are all crooks
U are the Sun 🌞 ☀️
We Protect ourselves
FTX steals billions in customer funds, this administration takes out taxes, and spends frivolously to the tune of $1.7 trillion dollars n the latest omnibus.
Neither FTX nor our leadership has a plan to pay this money back.
If the average citizen ran their households like this, we’d be living in cardboard boxes, broke and destitute.
Corruption is all around.
Has she blamed President Boot’n and the Gremlin yet !
Gotta get together and figure out some other way to redistribute those Ukrainian war funds amongst themselves and their masters. Wouldn’t want some other bunch of criminals to get their greedy hands on it
Why is Google autoplay showing me this evil demon?
Oh it’s just disclosures, we all know all too well they are obligated to do so… if your wanting justice you can go back to your homes and wait for hell too freeze over
Why do idiots like Sherman keep thinking crypto is something that is easier to commit crimes with than……..say, cash?
Is he saying there are no mass snakes in the financial world of cash?
What a moron.
🤔Or, is he in a secret cult of dinosaurs? 🦖
How was Mr Ray become CEO of FTX on 9/11? Who was/were before him?
Sitting in a room full of fraudsters 😂
How much money is this new CEO going to make, “seeing this company through the bankruptcy”
OH MY GOD…. We have a History major (McHenry) and a Sociology Major (Waters) running the House Financial Services Committee.
DID THEY RUN OUT OF HIGH SCHOOL DROP OUTS?
Uhh it’s by design , they don’t hold anyone accountable and then tell the criminals to open up their operations and then hold a young man who isn’t even experienced accountable saying it wasn’t a list of rich people who profited off of his actions. That’s by design. This woman is there to facilitate the gov failure to hold the real criminals accountable. Beacuse she herself is a failure.
Don’t forget Maxine Waters is notoriously corrupt and linked to many scandals.
I DONT BELIEVE ANYTHING ANYONE HAS TO SAY : INCLUDING THE PPL WHO ARENT SPEAKING
You know Tate already send him a E-Slap
Maxine Waters needs to recuse herself from this.
J. Ray the 3rd also seems somewhat sketchy I have a feeling he is only there to white wash and point out scapegoat(s) like he was used in the Enron scandal.
You guys make it seem like a crypto problem – you guys have an educational problem – when you guys produce individuals with such low morals – which ever industry mr Fried went into would have been subject to his opportunistic selfish mindset – rethink your education system and introduce “morality” as a subject in school in early years – install a better operating systems in people through the education system as many parents have done a poor job it seems! The world will be a better place and the USA may be great again!
Mr McHenry is on the right path!
So banks are allowed?
Many politicians and journalist continually demand lower state intervention and campaign for deregulation of markets 🤣🤑🤣🤑🤣🤑🤣
All the politicos need investigation.
storing of servers in bathrooms, hiring CCP spies as drivers, locking down the world for three years, destroying children’s growth…need I go on, Mr Ray? What about those things?
😅😅😅😅😅😅😅😅😅😅😅
Both Sam a kiss maxine😂😂😂😂😂😂😂
Cleaver has a joke and used his 5 minutes of o make a joke
A nation needs Wall Street bankers to help create great wealth but a wise government must keep an eye on them. If gov does not, the bankers will corrupt officials and cheat the people.
Isn’t Walters a direct beneficiary of FTX, why does she not recuse herself?
Those that run this proceedings have the money in their coffers!
Maxine and Nancy are prime examples of why term limits need to be applied 😠😱
This crypto theft and complete scam is an obvious ploy to get everyone out of crypto and allow the matrix to buy it up…there is no doubt crypto plays huge role in the future
All corruption thats why nothing will happen. The American people see all of it.
FOLLOW THE MONEY
It will be a very different world when the next generation fills those seats
Maxine was part of FTX. Da FAULK
Starting to look like the whole financial system is so corrupt and not being monitored by SEC and Congress.
As if it werent known that (((they))) are behind it and staged it all to introduce their cbdc all controlling money. Wont work.
What a farce. The beneficiaries of FTX investigating themselves.
Łkkjjk
Ftx ties to Ukraine and the democrats?! What about that.
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How will these politicians give a good investigation when they benefited from SBF’s donations to their political campaigns? Gensler needs to go, he’s done nothing to protect investors but to be contradictory to the crypto industry.
Crypto: we are a decentralized and government independent technology.
After FTX collapse: the government needs to investigate FTX!
Me: 😣
People gambled on a risky bet. When greedy people get swindled trying to make easy money I have no sympathy. This whole thing reminds me of the pyramid schemes in the 90s.
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Maxine waters took donations from SBF and then he can’t testify because of the timing of arrest😂😂😂
AnOmaly
cyrptocurrency is not for grandma and grandpa, lol
I like how everyone is surprised after every credible YouTuber told us these were sh!t coins. Minimal knowledge of how money works is necessary to see this, but the public isn’t educated on how money, and money printing works and effects us all. Just another ponzi under the giant umbrella of US ponzis. If it seems to good to be true, it is.
He waited all day to say “creppy dough”… Thats the currency he pays little kids in.
Again, The Fox guarding the hen house🤔🤔🤔 Are these politicians going to RETURN THE MONEY????
How come all you Dem’s are getting richer I know it’s not because your smart….
This FTX fraud isn’t even 10 percent the size of Bernie Madoff or Enron or any other… it’s all bs and political theater. They use the fud to justify the bitcoin crashing, etc…
Kangaroo hearing
Corrupt Maxine Waters is chairing this? Oh hell no…
What a waste of time
dudes answers the same answer reworded and circled around complete waste of time
Maxine when are you going to be held accountable for the fraud that you have committed with your husband?
Why is Gensler not in prison? Oh right. He’s being protected by the Clinton Cartel. Also he was MIT professor of Sam Bankman Fraud and his boss was the father of Sam’s girlfriend, the CEO of almeida. And let’s not forget Sam’s mother was attorney for HRC. It’s so obvious. You guys are spineless and just making a show for the people.
Crypto is used by drug dealers and money launderers according to Mr.Sherman, unlike USD.
This is the state of US corporate governance. Sam had multiple due-diligence done on his company by investors like Mr.Wonderful and none spotted a hollow shell?
Ironic Maxine Walters saying “Held accountable” when she is refusing to give back the donations of stolen money she received …😂
I am sure the $ SBF donated was his agreed get of jail card for Joe to give him a Presidential pardon when he leaves office !
What’s this dogee coin he speaks off?
hello I am the person I found the bill I was all day try to reach in someone and I’m a regular person. I don’t have any interesting then get money or whatever you should I wanna give this bill because I this situation is almost it’s really me crazy and then you said whenever you release with you I don’t know just give it to you and and then then I I don’t to my house ahead I don’t want to be in any situation if someone can answer me I really appreciate it
Emmer is one of the only level headed people speaking…
📢🙈Wall Street 🧱 Banker’s Fraud continues Unabated 🥳🥂🥁🍾💣
Righteo🥁The Funds just Vaporized into Air like Walla 🥳🥂🍾💣🥁
What a joke Maxine Waters enabled SBF
Mr Ray – I just glanced at my screen and wondered why Robert De Niro was testifying.
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