FTX still has $1 billion to deploy, says CEO Sam Bankman-Fried
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- čas přidán 15. 09. 2022
- FTX CEO Sam Bankman-Fried went from buying his first bitcoin to becoming a multibillionaire in just the past five years. CNBC's Kate Rooney joins 'Squawk Box' to report on Bankman-Fried's rise to the top of the crypto industry.
This did not age well
Awkward….
Same
✡️
@@tactik5903 wtf does that mean?
@@Rdsxfn what I said
One month later this interview, Sam appears to be actually the Bernie Madoff of the Crypto
This Kate lady seems to be foolish here.
🤣 worse even...
Aged like milk
Not even close. Bernie kept it going for decades. This adderall addict barely held it together for a year or two.
Except the Little Hat Madoff also ripped off his own. A big no-no. So he was prosecuted; Sort of. His family was let off scot-free, as expected.
This Little Hat will get a full walk, as HE only ripped us, we non-Little Hats, off. Ripped us, we non-Little Hats, off in our own country. HE will walk, you will see.
THEY need to all get the F out of America: "Return!"
Kudos CNBC for recognizing a solid businessman! 😀
Hahahaha
they are one of if not the worst mainstream media organizations pushing the social engineering to worship billionaires and assholes like SBF
🤣🤣
absolutely! good sir
Kudos for sure!!!! I hope you had a lot of money invested in his Ponzi scheme when it imploded.
This guy was literally describing his own companies' fate a month into the future.
he's basically playing with fire by the way he talks about risk assessment due diligence with all these hypothetical moves, not a surprise arsenal fire burnt the house down just months later.
Maybe he only drove the Corolla once before having it crushed. There was a car transporter loaded with fresh Corollas just following him around.
CNBC is behind the Sam Bankman-Fried FTX fraud to promote FTX and attract customer's trust.
One look at him was all you needed
Exactly.
Facts
A fat vegan. 🤔 Seems legit! 🙄
You should see the CEO of Alameda Research 😆
@@rikhrossh5593 I have lol 😂 even worse
Really great digging journalism... Advertising FTX instead of investigating.
And now we know they should have been doing investigating and not advertising lol.
CNBC should be investigated as well for fooling retail for several years.
85% of the “news” is corporate press releases.
They’re embarrassingly incompetent.
I wonder if we should trust them about vaccines?
Thank you CNBC Television for showing good people who can you trust. I will try invest to this FTX project.
Is this comment real???
@@BrandonSmith-rb1bf There's no way that's a real person. lol
@@justindeaton1611 😄
@@toxqui11 🙄I think a real person would have said 'invest in'... Interesting that you felt compelled to jump in and defend it. Would you care to elaborate on your motivations?
Same! What can go wrong, right?
The first red flag is his gnome voice.
The irony of this interview is priceless 🤣
Totally
Fate loves irony
😂😂😂😂
exactly, 😂😂😂😂😂😂 "they call him JP Morgan "
This guy is a real piece of work.
BERNIE 2
Or Enron
Nobody was suspicious when he wears the same soiled t-shirt everyday.
✡️
@@tactik5903 noooo you shouldnt notice
Seems like a good guy with a very solid business.
How can I invest 50'000 in this mans business? Its my last money and I need a safe place where losing it is a nogo.
@@nemiw4429 gotta get it to the Bahamas
Altruistic guy who's trying to make money to give back
I am going to sign up to FTX right now. thanks CNBC.
FTX is the symbol of hope in my planet
That billion in “revenue” we found out was a bank loan. 😂
Not a bank. It was customer's loan.
🤣
@@victorkmlee 😂
Michael Jordan is speaking to his legal team about filling a case against CNBC for defamation of character 💀😂😭🤣
He took it personally
Kate Rooney is on his list
Lmao he gambled his money away like Jordan
Narrator: SBF was not the Michael Jordan of crypto. He was not even the Michael Ruffin of crypto.
☠️
How about Michael Scott of crypto?
@@Rdsxfn
How people can trust their hard earn money with Rumpelstiltskin is beyond me.
or the Michael Scott of crypto!
This aged like milk
Wow, he sounds very legitimate, cant wait to put my life savings in FTX
I am afraid that FTX will be remembered as Lehman of the industry!
how so? what makes u think this way?
Right you were
@@antonioalas4814 sam the scam sold to CZ. his master
Loool good call....hate to state the obvious but this was a paid for infomercial by FTX !!
Well done
He could always get a bit part in another Hobbit film...
He has a hobbit name: Sam Bankman-Fried almost rhymes with Samwise Gamgee
Lol 😂
Frodo....Frodo....Frodo....
@@johnpederson8748
He's Jewish... His name is occupational because Jews like to monopolize commerce and finance.
@@Non_auro_sed_ferro_recuperanda oh no you cant say that here comes the cancel mob
Wow this makes me even more convinced CNBC is also on the take.
This guy is a genius. Bright future for him !
Ouch!
Lol bruh
His future's bright. His future's orange...jumpsuit.
He wanted to backstop others because he knew his own domino would eventually fall if the others fell first
Good point
你说对
Bang on
You got it!! Same conclusion here.
Of course.
Why does this guy’s voice sound exactly the way I thought it would
Wow. This was my exact thought. Just heard him for the first time right now
Honestly reminds me of his Jewish cousin Ben Shapiro.
MSM is always a great judge of character. I mean look at this guy. I would definitely trust him with a few billion.🤣🤣🤣
Ouch!
CNBC should play this everyday for 1 month 😂😂😂
Watching this with the benefit of hindsight is hilarious
Keep your eyes wide open about this dude 🤔
🎯
vision my dude
Good insight, how did you know
@@clairvoyantcrypto4577 he's clairvoyant
Lottery numbers please
Self-preservation, he only wanted to prop up other companies to hide what he was doing. He was afraid that a crash in the market would cause a run on FTX.
this
Just looking at him tells me what I need to know
cool it with the antisemitic remarks
@@rakijr9176 anti-semitic remarks? Stop being insecure what did I say Mr. Sensitive?
@@rakijr9176 antisemitic????
@@rakijr9176 you are the racist if this is the first thing you thought when reading the comment
Cool with the anti pseudo "I'm on the spectrum" remarks 😅😅
Ironic. He could save others from bankruptcy, but not himself.
Palpatine 🙏
He is a scammer of the highest kind
@@patrickt873 jim cramer: "Bear Stearns is FINE!"
He tried to save others in order to save himself. He was afraid of the negative ripple effect banktruptcies in the industry could have on his own company.
@@edema.3418 good comment. He wanted to cover the pin holes up to keep himself afloat
This answers the question: What if we gave billions of dollars to the IT email administrator?
😂
Most IT folk are actually smart
@@TheAlchemist1089 Doesn't mean they have morals, or are ethical.
@@padraig5335 or common sense
@@TheAlchemist1089 or smart with money
This guy is like a South Park caricature...
He's a really good actor. A product of his parents and our society
1 billion to deploy into his own pocket!
This guy sounds like an even more awkward Ben Shapiro
That didn't age well for CNBC, but no surprise here
Sometimes when I want to see someone lie out of their teeth I go to this video and get some satisfaction
nailed it
Wonderful Journalism Kate…
Hope that’s sarcasm
A journalist is even a prostitute or jobless, obviously she has a job
He looks like he rides a bike to junior high to stare at middle school girls
He's built like a bag of Lay's potato chips
People gave this guy billions? Does anyone have eyes anymore ?
Eyes maybe, brains not really.....
I think Sam actually only looks you in the eyes when he is lying.
I'm shocked how CNbC hasn't been sued for endorsing these criminals
They cant. They are part of the govt
Who’s here after SBF got arrested? 🤣🥂
Now looking back, a 28 year old talking about deploying billions anywhere is terrifying
As a 29yr old, I agree…
He is 30 now making him a big boy 😂
Yea they needed a more trustworthy looking elder grandfather type figure. You kno like Bernie Madoff
You can tell he's an idiot that just found himself in this situation.
So Voyager walks away with $70m? Hope they got that in USD, not FTT's
well dayum
*EVERY FAMILY HAS THAT ONE PERSON WHO WILL BREAK THE FAMILY FINANCIAL STRUGGLE I HOPE I BECOME THE ONE ☺️... IN A FEW WEEKS I WAS ABLE TO PAY OFF MY DEBTS THROUGH INVESTING IN CRYPTO TRADING*
*Assets that can make you rich
Crypto
Stocks
Real estate*
it's obvious.
a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to stay poor
This Bitcoin trading has set sail. I honestly cannot overemphasize how much delving into Bitcoin trading has helped saved and changed the lives of many.
@@brianwilliams5146 Yeah you're right, most times it amazes me greatly the way I moved fro an average lifestyle to earning over $62k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
How poorly this aged
“The Michael Jordan of crypto”
That’s crazy slander if you ask me
Fooled the fools at CNBC
These anchors should resign and this show should be canceled. Old school canceled, not today’s “canceled”.
Never really followed the story, him or his company until it all imploded a few days ago. But watching this interview is incredibly alarming the amount of guessing they were doing on distressed assets, the complete lack of due diligence or DD under extremely tight deadlines. It's effectively just gambling with investor money and hoping something sticks. It's so indicative of modern day investors who've got away with murder gambling on everything and anything and making money doing it.. at least until the Federal Reserve pulled the rug and changed the entire macro environment. None of this generation could have possibly sen this coming simply because they had no idea what to look for.
He is basically saying that they made key financial decisions worth potentially billions of dollars on "feelings" and "intuition". I mean....what could go wrong!!?🤷. Jeezuz!! And this interview just nodding along as if this is all just great 👍. Don't sound like there was much "counting" going on over there Count! Lol
His real problem was driving that Corolla instead of a Tacoma.
Funny how everyone made a big deal about the cheap car but didn’t meantion the 100’s of millions spent on property
This aged well lol
This aged so well
The irony of bro’s who don’t believe central banks are necessary trying to act like a central bank but without any of the tools. Maybe there’s something to this financial system that’s been built over hundreds of years.
Bro created his own monopoly game money
This is the type of guy that will just say anything to a girl just to get a date with her 😆
This is basically a funny version of an SNL skit...
1:12 Yall let your life savings to be managed by the comic bookstore guy from Simpsons.
This is what you got!!
The Simpsons 😂
More like the Lehman Brothers of crypto😂
NOPE NOT AT ALL BERNIE STYLE
This gentleman certainly seems honest, competent, and worthy of trust.
"10 roommates"
You forgot to mention thet lived in a $40M mansion. Nice reporting.
I’m hearing he needs to save these other companies to save crypto and his own company
It's pretty obvious that is what is happening. Watch that Scaramucci interview with SBF. You could see the resentment and desperation right through the screen. It's a Ponzi. Tired of hearing these idiots continue to say that they'll buy a bunch after the Fed pivots. I hope the Fed pivots them into the poor house.
Nailed it. What else you got? Your sources are right.
Nice job. Same goes for Binance.
@@pvr17 hello, are you still around?
@@pvr17 🤡
Coffeezilla: Crypto CEO Accidently Describes Ponzi Scheme
Nice work seeing the future!! Lol
@@LKauf279 This video was posted 6 months or more ago in the year. It is a warning for people who listened that influencers and people in the know did not do their due diligence, and investors are on their own.
Damn, you nailed it..
@@Bludmon88 Coffeezilla: Millennial Money Deletes ENTIRE Channel - Graham Stephen & Meet Kevin Scared Of FTX Lawsuit
Her laugh after calling him the Michael Jordan of crypto foreshadowed what was to come.
This aged well.
Like a month old jar of pickles with a gym sock as a lid.
Who's here like me, scrolling through SBF's older videos to see someone saying "This aged well" in the comments.
The more interesting part of this exchange was the interviewer. Awestruck and completely clueless to ask the emperor has no clothes question, what possible utility are you contributing to make all that money?
Totally. Way out of her depth.
She was me$meri$ed by his billions
This video has aged like rotten milk.
a literal scammer talking about bailing people out when his entire business is a house of cards....what a joke
sam should be under investigation for fraud, his father feeds him insider information
Who is his father
@@ericwilson2632 Darth Vader
@@mobeck his father is darren ali
Must have been lousy info....
@@ericwilson2632 A Stanford Law professor
With a voice like that who would trust this guy with their hard earned money. I wouldn’t even trust him with a penny.
Who would HAVE you mean. 😂
what that have to do with the voice? just wondering
@@baybars3138 Number 1 he sounds like a teenage creep and not very intelligent. Number 2 his looks are questionable. Not very professional if you ask me.
@@jimmythagreek4587 Appearance is questionable definitely, but voice got nothing to do with that. But he did study in MIT apparently, so I guess he is intelligent. And yes, Not professional at all.
@@baybars3138 if someone looks and sounds like a slimy goblin they usually are.
This is a classic example of how ultra low interest rates creates an environment of malinvestment, where people like this can pull off (temporarily) these ridiculous business models.
What was the ridiculous business model? He didn't describe the business model here.
His business model for FTX was perfectly legit. It was a very profitable legitimate exchange. The problem of course was the backdoor for customer funds with a ridiculous credit line to Alameda doing the trading and Alameda somehow epicly failing at that trading in spite of them having access to the 2nd larger exchange in crypto's data... So greedy.
His body is like the alien from American dad
😂😂😂😂
CNBC have this right again! Nailed it
😂
Holy crap, I remember watching another part of this interview where he says he created crypto or something to save companies and thinking how this genius CEO seemed so naive and how he'd go poor someday. Just didn't imagine it'd happen so fast.
Is he now poor Andrew? God, you are as bad as he is.
He really blow up "somehow" 4:40
After listening to this guy, why would anyone invest?
@@icedteagames Hey jew, the vast majority thought they were using a bitcoin "purse" service. But yes, they failed to appreciate "the jew".
@@pauldailey4477 #TheNoticing
Guy looks like he never takes a shower
how nobody saw this guy is devious is beyond me
I'm pretty sure they did and they knew.
Scammer interviewing a scammer
He seems like the type of guy to wear a t-shirt "trust me i am an engineer"
This "poor" guy looks constipated! ... all that money and can't even eat healthy or exercise.
Yet, nowhere near miserable enough to make a irrelevant comment, out of spite. Perhaps you should work on that muscle.
@@sacciecoffeedude lmao these comments aged like fine wine 😂
@@sacciecoffeedude ouch…. Perhaps you should have been more cynical you poor fool
@@sacciecoffeedude Erm...
Notice that he didn’t say anything meaningful. It was just a rambling thought
But that’s all of these nerds. They don’t know how to interact with people so they talk through and not to them.
He was paying them all in FTT. 🤣 Which was "printed out of air" money.
That's the new woke right there.
Same with us dollar.
so is the dollar :P
@@CmdrTigerKing No it is not, moron. The dollar is issued by the government, subject to taxes, etc. Read basic economics
@@nickarnot1476 Sam's token was worthless, the dollar is not. But when people steal, evade taxes, and so other money crimes, it weakens the dollar. So you are part the problem.
This guys should
Go to prison with the rest of the politicians.
Oh he is! 25 years to be exact
Next week: Checking in on Bernie Madoff, the Wizard of Wall Street
His nickname is 'the fat gollum of crypto'.
Yes. Now the fat bankrupt gollum of crypto.
lmfao this aged so well
This video has become comedy gold.😂
Anyone so flippant about loosing $70M should never be trusted to competently manage investors money🙄
Exactly ! And yet, has he really “ lost “ the money or it just “ disappeared” he knows where it landed . In the Bahamas with him and his friends
This guy deserves harsh punishment, 50% for being a dumb geek(like how are you a dork and and idiot at the same time) and the other 50% for losing people money and halting user’s withdrawals
Like damn people can’t even make partial withdrawals, bro f’d up big time
How about sending him to a Russian penal colony to do hard labor like Britney Griner? How about doing a prisoner swap...him for Britney Griner?
Halting withdrawals wasn't the mistake, it was the right thing to do for his company. The biggest mistake was why on earth would you use deposit money in that manner ? Even a rookie CEO would now better. Should have only used his revenue and maybe raise more money or leverage his valuation and revenue to get massive loans.
That’s a whole lotta burgers and pizzas in his belly 😂😂 He’s definitely a boy genius at gluttony 😂😂😂
This video aged VERY WELL.
Lol . This didn’t age well. Wonder if CNBC and reporters are as ashamed as they should be. Reporter is so fan-girl, it’s embarrassing
Actually, they're acting like they were calling him out or something lol. They're taking some sort of victory lap if you can believe it.
He's given ultra-nerds a bad name.
I’m hindsight … it seems so obvious this guy should not have been worth 26 Billion.
The irony of this video is mind blowing
Gets funnier the more you watch. On a side note, drives his Toyota corolla to his multi million dollar house would be more accurate.
It's kinda scary that Sam is the only thing holding up the entire crypto industry. What if he crashes his Corolla?
Except hes not. Projects that are stable dont need his help. The problem is he’s trying to save poorly managed companies in all rights should burn. Because it will temp crash the market.
But some would argue a crash and burn is needed so the winners can claims the spoils.
CZ, the true emperor of crypto is taking Rome
Not clowns. Scammers.
"Time will tell."
Time just told us that time's up for this scammer.
CZ*
lol Kanye is right AGAIN...
This hasn’t aged well
I would like to nominate this video as the most Ironic video of 2022.