FTX Collapse: Bankman-Fried Charged with Fraud, Resigns as CEO Amid Bankruptcy and Billions in Customer Losses
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FTX, once the 2nd largest crypto exchange, collapsed and filed for bankruptcy after customers lost billions.
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Sam Bankman-Fried resigned as CEO amid the collapse and was replaced by John Ray III to handle bankruptcy.
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Bankman-Fried was charged with fraud, pleaded not guilty, but former executives are cooperating.
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Kevin O'Leary said people forgot FTX was a startup; Liz Claman said investors trusted it after Sequoia invested.
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FOX Nation gives an exclusive look into the rise and fall of FTX and Sam Bankman-Fried's allegedly crooked role.