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DailyClout Opinion
Opinion

FTX Scandal Explained in 99 Seconds

November 15, 2022 • by Etana Hecht

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!

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