$8 Billion vanished. The FTX collapse wasn’t just another crypto scandal—it was one of the biggest financial frauds in history. In this 52-second breakdown, discover how Sam Bankman-Fried, once hailed as the golden boy of crypto, turned FTX from a global sensation into the world’s biggest crypto scam.
Founded in 2019, backed by celebrities, and trusted by millions, FTX was secretly funneling customer funds into Alameda Research—a trading firm also owned by SBF. A leaked balance sheet, one tweet, and days of panic exposed the truth. The result? Total collapse.
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Chapters
0:00 – $8 Billion Gone: The FTX Meltdown
0:10 – Who Is Sam Bankman-Fried?
0:20 – The Rise of FTX and Celebrity Hype
0:30 – The Hidden Link: Alameda Research
0:40 – How the Scam Was Exposed
0:50 – Lessons from the Collapse
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