FTX Real Reason for $10 Billion Loss Revealed

The First Bankruptcy Hearing for FTX has been held and Implicates Sam Bankman-Fried's Parents as Real Estate including a Luxury Penthouse in the Bahamas is Registered in their names.

FTX was the second largest CRYPTO Currency Exchange and is now in Chapter BANKRUPTCY with over 1 Million Creditors.

John Ray, the Bankruptcy practitioner for Enron, has been appointed as CEO and his initial findings are that this is WORSE than Enron which was the biggest accounting fraud in USA history.

In this video I provide more details on the FTX situation and discuss the failures surrounding the business.

Joe Blogs
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