The Collapse of FTX w/ Josiah Johnson
What’s Poppin’ Con-gregation? This week, Josiah Johnson joins the show to discuss Sam Bankman-Fried, once considered the biggest wunderkind of crypto, establishing his crypto currency exchange only for it to collapse in November 2022. Plus, find out which celebrity was served with a lawsuit for promoting FTX. Stay Schemin’! Research by Kaelyn Bryant. Sources: https://www.forbes.com/sites/sarahemerson/2022/11/22/sam-bankman-fried-ftx-bahamas/?sh=1104083853ac https://nypost.com/2022/12/07/how-ftx-brass-racked-up-a-55k-debt-at-margaritaville-resort-in-bahamas/ https://www.investopedia.com/what-went-wrong-with-ftx-6828447#:~:text=FTX's%20collapse%20took%20place%20over,the%20native%20token%20of%20FTX. https://www.theverge.com/2022/11/10/23451484/ftx-customer-funds-alameda-research-sam-bankman-fried https://www.nytimes.com/2022/11/10/technology/ftx-binance-crypto-explained.html https://www.nytimes.com/2022/12/16/business/ftx-exchange.html https://www.forbes.com/sites/davidjeans/2022/11/12/the-devil-in-nerds-clothes-how-sam-bankman-frieds-cult-of-genius-fooled-everyone/?sh=6c991c921d26 https://www.forbes.com/sites/davidjeans/2022/11/18/queen-caroline-the-risk-loving-29-year-old-embroiled-in-the-ftx-collapse/?sh=24342d43791f https://www.vox.com/the-goods/23458837/sam-bankman-fried-ftx-sbf-downfall-explained https://www.cnbc.com/2022/11/13/sam-bankman-frieds-alameda-quietly-used-ftx-customer-funds-without-raising-alarm-bells-say-sources.html https://www.cnbc.com/2023/03/30/sam-bankman-fried-pleads-not-guilty-to-latest-round-of-federal-fraud-charges.html https://nymag.com/intelligencer/2022/12/sam-bankman-fried-has-been-arrested.html https://nymag.com/intelligencer/2023/04/shaquille-oneal-just-got-served-in-an-ftx-fraud-lawsuit.html