WE WILL BE WATCHING FOR MORE UPDATES ON THIS STORY.
UPDATES ON THIS STORY.
AND FROM TERRIFIC -- TICKET FIAS
CRYPTO.
AND THIS IS COMING FROM THE GUY
WHO OVERSAW AND RUNS BANKRUPTCY.
IS HE RIGHT, LET’S ASK FTX
INVESTOR WHO LOST MORE THAN
$2 MILLION IN THE COMPANY’S
COLLAPSE, EVAN LUTHERA JOINS ME
NOW.
LET ME START WITH THE LATEST
COMING FROM THE WALL STREET
JOURNAL THAT FTX RAISED
$420 MILLION IN FUNDS.
300 MILLION OF THOSE WENT TO SAM
BANKMAN FREED.
HE CASHED OUT SOME OF HIS
PERSONAL STAKE, HOW DOES THAT
MAKE YOU FEEL?
>> FROM ALL THE FIASCO I HAVE
COME TO REALIZE THAT SAM BANKMAN
IS A BAD ACTOR BECAUSE WE
ALREADY KNOW THAT THIS IS A BAD
ACTOR, THIS IS A FRAUD, THIS IS
A CRIMINAL.
EVERYTHING IS DONE AS FAR AS
FTX, SPENDING MY FUNDS, THIS IS
NOT SURPRISING ANYMORE.
IT’S NOT SURPRISING HEARING
EVERYTHING THAT HE HAS DONE IN
THE LAST WEEK.
JACKIE: AS AN EXCHANGE THE FACT
THAT THERE WERE A NUMBER OF
THINGS THAT ALLEGEDLY WENT WRONG
HERE, BUT AS AN EXCHANGE HOLDING
ON TO THE CUSTOMER FUND, THERE’S
NO EXPECTATION WHEN YOU TRADE
CRYPTO OR ANYTHING ELSE THAT THE
EXCHANGE WOULD USE THOSE FUNDS
TO MAKE OTHER INVESTMENTS OR
PURCHASES OR WHATEVER IT IS
EXACTLY THAT THEY WERE DOING OR
GIVE THEM TO THE TRADING ARM, A
DIFFERENT ARM OF THE BUSINESS TO
LEVERAGE THEM IN THIS WAY.
AND SO PART OF THIS IS A CRYPTO
STORY AND WHERE THE REGULATION
TO CRYPTO AND TOKENS AND
CREATING THEM BUT GENERALLY IS
OVERSIGHT STORY THAT SOME OF THE
ASPECTS COULD HAVE HAPPENED
EVERYWHERE AND WHERE WERE THE
GOVERNMENT AGENCIES THAT WERE
SUPPOSED TO BE WATCHING THIS?
>> I THINK YOU CURRENTLY BLAME
THE GOVERNMENT HERE.
THIS WAS A CON MAN WHO FOOLED
EVERYBODY FROM THE HIGHEST
LEVERAGE OF THE GOVERNMENT
OFFICIALS, HE WAS CLOSE TOAST
GETTING REGULATED BY ANYBODY
ELSE BUT THIS WAS ALL
INTENTIONALLY DONE.
THIS WAS A VERY CALCULATED PLAN
OR I WOULD SAY A CRIME THAT WAS
TAKING -- HAS TAKEN PLACE.
NOBODY EVER EXPECT THAT IS THE
FUND -- AN EXCHANGE THAT YOU’RE
USING IS SPENDING YOUR MONEY,
RIGHT, IS TO DO WHATEVER YOU
WANT.
WHEN YOU’RE PUTTING MONEY IN
EXCHANGE, THEY ARE SUPPOSED TO
KEEP IT AS IT IS, AS USER
DESERVES.
THIS IS A BIG LESSON FOR INCH IN
THE CRYPTO COMMUNITY.
BIG STRONG LESSON THAT NOT YOUR
KEYS, NOT YOUR CRYPTO. YOU
DON’T HOLD THE KEYS, IT’S NOT
REALLY YOUR MONEY.
FTX STARTED ACTING LIKE A BANK
AND THIS IS WHAT HAPPENED, WE
STARTED TRUSTING THEM AS
INSTITUTION AND THEY HAVE SHOWN
WHAT HAPPENS WHEN YOU LAY TRUST
IN OTHER PARTIES.
BITCOIN IT HAS STRONG AS IT HAS
BEEN BUT YOU CAN’T REALLY BLAME
NOBODY IN THIS CASE EXCEPT
BANKMAN FREED AND HIS CREW
INTENTIONALLY PLANNED AND
EXECUTED A FRAUD AGAINST ALL T
WHOLE COMMUNITY AND EVERYBODY
INVOLVED.
JACKIE: CERTAINLY DOES SEEM THAT
HE WAS THE MASTER MIND HERE.
I ALSO WANT TO GET YOUR THOUGHTS
ON THE LAWMAKERS MOST OF THEM
WHO WERE R DEMOCRATS, THEY DID
RECEIVE DONATIONS FROM FTX
FOUNDER BANKMAN FREED AND SOME
OF THE LAWMAKERS ARE REGIFTING
MONEY TO CHARITY AND OTHERS HAVE
BEEN DOWNPLAYING CONTRIBUTIONS
AND SOME PEOPLE SAID EVEN IF
THEY SPENT THE MONEY, THEY
SHOULD RE-RAISE IT AND GIVE IT
BACK TO THE VICTIMS.
WHAT ARE YOUR THOUGHTS?
>> I THINK THE MONEY SHOULD GO
BACK TO THE VICTIMS.
THIS WAS NEVER HIS MONEY TO
GIVEAWAY.
HE GAVE IT AWAY WITHOUT
PERMISSION.
THE FUNDS SHOULD DEFINITE I WILL
GO BACK TO THE PEOPLE, THE
USERS, THE VICTIMS AND SECONDLY
I THINK THAT WAS -- YOU SEE IN
THE PAST THERE’S A LOT OF BAD
ACTORS WHO DONATED HEAVILY,
HARVEY WEINSTEIN, THEY’VE ALL
DONATED HEAVILY.
YOU CAN’T BLAME THE GOVERNMENT
FOR ACCEPTING DONATIONS KNOWING
THAT WAS GOING TO BE A CRIMINAL
BUT THE RIGHT THING WOULD BE TO
GIVE THE FUNDS BACK WHOEVER GOT
DONATIONS AND SHOULD GO TO THE
VICTIMS WHOSE FUND IT REALLY IS.
JACKIE: WE CAN’T BLAME THEM BUT
WE CAN QUESTION WHAT THE MOTIVES
WERE.
>> 100%.
JACKIE: AS THE STORY CONTINUES
TO UNRAVEL MAYBE WE WILL GET
MORE ANSWERS BUT EVAN WE REALLY
APPRECIATE YOUR TIME THIS