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welcome back we continue to follow the collapse of FTX we have some breaking news on the FDX crypto story just crossing that FTX Founders Sam bankman freed has been hit with a class action lawsuit what it means for Market liquidity Sam bankman Freeds Alameda research is closing as we know FTX filed through bankruptcy and the Alameda was one of the biggest market makers in this guy John Ray who did the Enron stuff never in my career have I ever seen such a complete failure of corporate controls in such a complete absence of trustworthy financial information has occurred here what happened at FTX I think is is again just a harbinger of things to come um John Carney SBF is this guy going to jail whats going to happen to him because a couple weeks ago now the worlds largest crypto exchange FTX collapsed due to Borderland fraudulent management and investment practices the collapse was the largest example of such collapse albeit just one of many instances of
