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Bankman-Fried Has Resigned as CEO of FTX

Sam Bankman-Fried’s crypto empire filed for Chapter 11 bankruptcy in Delaware. Bankman-Fried resigned as chief executive officer as part of the filings, and John J. Ray III was appointed to replace him, the statement said. Sonali Basak report on “Bloomberg The Open.” Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect…

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Sam Bankman-Fried’s crypto empire filed for Chapter 11 bankruptcy in Delaware. Bankman-Fried resigned as chief executive officer as part of the filings, and John J. Ray III was appointed to replace him, the statement said. Sonali Basak report on “Bloomberg The Open.”

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63 Comments

63 Comments

  1. Colorado Trader720

    November 11, 2022 at 6:26 pm

    hope he goes to prison soon

  2. HijoDePutin

    November 11, 2022 at 6:31 pm

    If he couldn’t afford a haircut back then, now what?

  3. HijoDePutin

    November 11, 2022 at 6:32 pm

    Sam Bankrupt – Cy

  4. Hot Metal Knives HMK

    November 11, 2022 at 6:36 pm

    Did the guy really play 600 hours of League this year? That’s like over 2 hours a day.

  5. Andrew Ambriz

    November 11, 2022 at 6:38 pm

    Believing in krypto is like Believing in Santa Clause! Don’t be a child with your money people

    • Jeffery Sullivan

      November 11, 2022 at 6:55 pm

      Shut up

    • thankyougod.blockchain

      November 11, 2022 at 7:05 pm

      No Nigga
      You’re wrong
      Don’t trust exchanges
      Hold your own nuts

  6. Luiz Pantalena

    November 11, 2022 at 6:45 pm

    Sonali Basak: just REPORT on the news. The hyperventilation is really unnecessary. You could give anxiety to a rock. So unprofessional. Call your psychiatrist and get treatment, or maybe get a different job.

  7. jakejoyride

    November 11, 2022 at 6:47 pm

    Time to sell all crypto and transfer money to real bank!!!

    • thankyougod.blockchain

      November 11, 2022 at 7:03 pm

      Nooe

  8. Kevin CCIE

    November 11, 2022 at 6:48 pm

    BANKMAN FRIED A LOT OF MAN – escapes with hidden crypto accounts.

  9. Jonathan Vasquez

    November 11, 2022 at 6:54 pm

    Sam need to go to jail

  10. Mortimer YouTube

    November 11, 2022 at 6:56 pm

    Well, he said he didn’t care about the money… Now we see he didn’t care about anyone else’s either

  11. thankyougod.blockchain

    November 11, 2022 at 7:02 pm

    Suicide watch

  12. Elizabeth

    November 11, 2022 at 7:34 pm

    Businesses go bust all the time. Joules went bust today, Credit Suisse is teetering on the brink of going bust. Guess what….with arseholse in charge of central banks and governments who are taxing businesses into oblivion it’s going to get a whole lot worse. Fasten your seatbelt and wait for the multiple pile up.

  13. Mike Lannister

    November 11, 2022 at 7:47 pm

    Jail time

  14. Daniel Gormly

    November 11, 2022 at 7:55 pm

    This host needs to chill out a bit and take a breathe

  15. Ben Alex

    November 11, 2022 at 8:01 pm

    Can you Explain how beginners can make huge profit within a short period of time? I feel it’s the best time to get started on the market, heard some guy speaking of making over $3.5M within 4months of investing $450k. any suggestions pls

    • Gray Thompson

      November 11, 2022 at 8:03 pm

      i agree, no doubt STEVE A KORDUCKI has really made a good name for himself. His reviews are so exceptional, he’s really a Pro. I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again

    • Ben Alex

      November 11, 2022 at 8:04 pm

      @Gray Thompson Wow that’s an awesome returns of investment, indeed there’s a lot of money to be made in crypto markets trading, I guess it has to be with right people around you. Can you recommend him to me as well? How do I get to him?

    • Gray Thompson

      November 11, 2022 at 8:05 pm

      @Ben Alex check the web and you will find him, drop a msg

    • Ben Alex

      November 11, 2022 at 8:06 pm

      @Gray Thompson Ok, just found his website, impressive, Thank you.

  16. Marcus Dalton

    November 11, 2022 at 8:35 pm

    Fiat currency > Opaque currency

  17. NEEL -Uronchondi

    November 11, 2022 at 8:36 pm

    Who the fuck care he resign or not ! This guy did super crime! He should go jail for long time ! And whatever money he has, every single penny should take from him ! Don’t forget this dude donated $40m to Democrats!!!

  18. Arnold Oliver

    November 11, 2022 at 9:23 pm

    Fraud fraud fraud 🤥

  19. JMTM

    November 11, 2022 at 9:28 pm

    feel sorry for ppl touching crypto… its a scam get out.

  20. Michael Bronner, LMHC

    November 11, 2022 at 9:41 pm

    Crypto is 20 years too soon.

    • Dan Sanger

      November 12, 2022 at 5:36 am

      Or 200 years too late. It harkens back to the time when every bank on every corner issued its own private currency.

  21. IbraNNB7

    November 11, 2022 at 10:23 pm

    🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

  22. Andrew Curtis

    November 11, 2022 at 10:48 pm

    Masayoshi continues to invest in garbage based on his delusional “gut feel”

    • Vanitas

      November 12, 2022 at 2:40 am

      Masa Son is another fool. Remember WeWork?

  23. nelson clinton

    November 11, 2022 at 11:27 pm

    Despite the economic downturn,I’m so happy☺️. I have been earning $ 60,000 returns from my $7,000 investment every 13days.

    • Olivia Charlotte

      November 12, 2022 at 12:26 am

      @Lisa I just looked him up on google and he’s a licensed broker, I am contacting him right away, thanks

    • Lisa

      November 12, 2022 at 12:29 am

      He’s on what’s APK messenger

    • Lisa

      November 12, 2022 at 12:29 am

      He’s active with this + 𝟏𝟖𝟎𝟓𝟒𝟗𝟏𝟓𝟐𝟑𝟏 currently

    • Lisa

      November 12, 2022 at 12:29 am

      What_apk Messenger 👆

    • rafael harvey

      November 12, 2022 at 12:32 am

      @Lisa Thank you for this. Will definitely reach out to him now. Thanks again

    • Mike .H

      November 12, 2022 at 1:39 am

      The fuck is this bot exchange.

    • Television Archives

      November 12, 2022 at 3:58 am

      Sure you do

  24. CommanderOtto

    November 12, 2022 at 12:05 am

    I mean, we always knew this was going to happen one day. All the extravagance we saw with cryptocurrencies was just like a massive house of cards.

    • Lord of Fries

      November 12, 2022 at 6:11 am

      More like a pyramid scheme lol

    • CommanderOtto

      November 12, 2022 at 3:05 pm

      @Lord of Fries true!!

  25. Mark H

    November 12, 2022 at 2:15 am

    He has that good hair

  26. Tesla Vee

    November 12, 2022 at 3:29 am

    Democrat parties 2nd largest donor. Bet he gets the Joe and Hunter Biden treatment

  27. david eisenbud

    November 12, 2022 at 3:46 am

    CRYPTO IS A SCAM

  28. Harry Wild

    November 12, 2022 at 5:48 am

    SBF is politically protected!

  29. Alex Reagan

    November 12, 2022 at 10:40 am

    Great stream, as always.< I appreciate the level-headed approach you take to the news and the markets. . A lot has changed and that's on everything but the truth is I don't even care much about bullish or bearish market anymore because ROBERT RUSSEL DANIEL got me cover as I am comfortably making $150,000 monthly.

    • Fabio_Eth

      November 12, 2022 at 10:41 am

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    • Ivy Morgan

      November 12, 2022 at 10:44 am

      He’s all about everything ‘bullish’ he’s one of the best traders out here, never been any lost trades since I started working with him, glad we crossed path.

    • George L Thomas

      November 12, 2022 at 10:44 am

      I’m also a proud beneficiary! I’ve built my portfolio massively and still building. Started with a YouTube referral just like this and a few thousands. I’m way up to the profits now.

    • Zara Coffey

      November 12, 2022 at 10:45 am

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    • Steve Hopkins

      November 12, 2022 at 10:45 am

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  30. Marshall Mintz

    November 12, 2022 at 11:53 am

    His net worth was zero for some time as the assets he had were not his………they were leveraged for bizarre reasons. The fact is crypto has some issues…..too many to list. “they may never be made whole”……..huh yeah, those billions are gone…..and they will not fly back. They went to pay off other struggling crypto currencies whose crypto holders got lucky that SBF was willing to shortchange his own currency to save others. Bizarre.

  31. Marshall Mintz

    November 12, 2022 at 12:02 pm

    Somebody said “if there is no bailout, this could be the end of crypto currency”……..Let me put it another way….if any politician suggests a “bail-out’…..it WILL be the end of their career. So many persons I know made millions on crypto……but then so many people made millions on Bernie and the 2000 DOT-COM bubble……. known scams in hindsight.

  32. Dominion Philosophy

    November 12, 2022 at 9:43 pm

    Next stop – prison.

  33. Daniel Best

    November 13, 2022 at 12:03 am

    Mrs Amelia is legit and her method works like magic I keep on earning every single week with her new strategy

    • Ezra Thompson

      November 13, 2022 at 1:06 am


      TELL HER I REFERRED YOU👆👆💯🇺🇸🇺🇸

    • Ralph Stan

      November 13, 2022 at 1:12 am

      I’m from Canada, I and two other of my friends tried her immediately we testified, her performing wonders 🇨🇦

    • Harry James

      November 13, 2022 at 1:16 am

      I have made up to $120k with her help, this is my
      3rd month though with Ms Amelia, all thanks
      to her, she’s really good in what she does.

    • Mary Hogan

      November 13, 2022 at 1:19 am

      Yes Most people remain poor only because friends and relatives discouraged and advise them against investing and trading forex while the wise ones kept investing and growing higher financially

    • Zahor Pitafi

      November 13, 2022 at 1:26 am

      Trading without a professional like expert Mrs Amelia is like gambling with your money

  34. dave g

    November 13, 2022 at 2:54 pm

    ENRON all over again, average man looses retirement savings and punk walks away with personal saving of billion ….

  35. The Great Bamboozler

    November 13, 2022 at 8:40 pm

    Never invest your money with a grown adult who has a haircut like an 8 year old

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