How a scoop by a little-known crypto site led to the fall of Sam Bankman-Fried and implosion of FTX | CNN Business

The staggering level of apparent deception staged by former crypto king Sam Bankman-Fried wasn’t uncovered by government investigators or a major powerhouse financial news organization, such as The Wall Street Journal. Instead, the public’s first glimpse of the alleged wrongdoing by Bankman-Fried — known to insiders as SBF — came earlier this month from a small news site unknown to much of the public that has spent years chronicling the turbulent and murky world of crypto: CoinDesk.

” Over the next couple of days, Baker, from a home office in New York, worked with Allison, who lives in Scotland, to “chisel down” the financial document into a story. On November 2, they hit publish on the explosive report, quickly capturing the attention of the crypto world and shaking the foundation of the mighty exchange FTX. SBF, the prolific tweeter, was noticeably silent. “It was something that struck us all internally,” Baker recalled to me.

iamsandali inkbacker IanAllison123 CNN oliverdarcy FTX_Official I will find MY TRUTH in a spreadsheet of data. Just you wait. In darkness light will blah blah blah.

inkbacker IanAllison123 CNN oliverdarcy FTX_Official So that F...ing ugly .unt Alameda ruined investments while a boy high on speed, crack & cocaine oh himself too surprise surprise suckered the media & politicians that all was under control meanwhile the SEC closed its eyes about a Token that did nothing had no use was sound JFC

inkbacker IanAllison123 CNN oliverdarcy FTX_Official You like how CNN calls you guys “little know crypto site”

inkbacker IanAllison123 CNN oliverdarcy FTX_Official Talk about AAXExchange

inkbacker IanAllison123 CNN oliverdarcy FTX_Official 👀 BTC $10K below 💯 📈 😩 One more bad news coming and market will be collapsed. are we genesis?

inkbacker IanAllison123 CNN oliverdarcy FTX_Official Atlantis_Ex Scam exchange

inkbacker IanAllison123 CNN oliverdarcy FTX_Official And who exactly is in jail?

inkbacker IanAllison123 CNN oliverdarcy FTX_Official

Because he was dumping money into the well known news orgs that could have exposed him months ago? Is that how it happened? It's CNN so I'm physically incapable of clicking the link

CNN should be taken down with Bankman. You clowns have facilitated all of this outrageous corruption with blatant dishonesty and your blanket support of leftist lawlessness. Good job,CNN! 🏆

Why hasn’t SBF been arrested yet?

It was a fraud....... He stole money from his clients

No, I think it was the fraud

Kudos to Coindesk

Maybe little known by CNN :-)

Why isn't he in prison & Ukraine & Biden being audited, yet?

Lol he is still speaking at a Washington post or new York times even on 11/30. They are still propping this con up.

Democrats cheat

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Sam Bankman-Fried 'easy to pick out' as a fraud: CME Group chief Terry DuffyCME Group's CEO Terence Duffy sounded off on 'Tucker Carlson Tonight' about the disgraced FTX founder Sam Bankman-Fried and claimed he gave a warning about him. The biggest fraud in human history. You just have to look at who he hired and what they did before joining FTX. This financial tsunami fail by fraudulent punk SBF, FTX was a front and scam and never had the self regulations and policies stricter programming out possibilities of illegal thief of customer Accts by anyone! But SBF used his open as hell, abilities to secretly transfer….
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