{"id":1664,"date":"2025-09-29T22:20:54","date_gmt":"2025-09-29T22:20:54","guid":{"rendered":"https:\/\/firearmgiveawayfinder.com\/?p=1664"},"modified":"2025-09-29T22:20:54","modified_gmt":"2025-09-29T22:20:54","slug":"part-1-mother-jones","status":"publish","type":"post","link":"https:\/\/firearmgiveawayfinder.com\/?p=1664","title":{"rendered":"Part 1 \u2013 Mother Jones"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-1163258\">\n<article class=\"entry-content\" itemprop=\"articleBody\">\n<div class=\"hero is-image \">\n\t<\/p>\n<p class=\"wp-caption-text\"><span class=\"media-caption\">FTX founder Sam Bankman-Fried arrives at the federal court in New York in February 2023. <\/span><span class=\"media-credit\">Timothy A. Clary\/AFP\/Getty<\/span><\/p>\n<\/div>\n<div class=\"mj-text-cta\">Get your news from a source that\u2019s not owned and controlled by oligarchs. <a href=\"https:\/\/www.motherjones.com\/newsletters\/?mj_oac=Article_Top_No_Oligarchs\" data-ga-category=\"TopOfArticle\" data-ga-label=\"NewsletterPromoCovid\" data-ga-action=\"click|https:\/\/www.motherjones.com\/newsletters\/?mj_oac=Article_Top_Support\">Sign up for the free <em>Mother Jones Daily<\/em>.<\/a><\/div>\n<p><span class=\"section-lead\">Sam Bankman-Fried <\/span>was once called the \u201ccrypto king.\u201d But in November 2022, his company, FTX, imploded within a matter of days. All around the world, customers of the cryptocurrency exchange were suddenly cut off from their money.\u00a0<\/p>\n<p>\u201cI tried to withdraw an amount, you know, and it would spin and say, your, your withdrawal is pending,\u201d says Tareq Morad, an investor from Canada. \u201cI remember myself doing that around 7, 8 o\u2019clock at night, checking back, going to look: Okay, did it go through? Did it go through? No. No. No.\u201d<\/p>\n<p>Meanwhile, inside the company, employees were panicking. \u201cAll that we were told was there\u2019s been a run on the bank and, somehow, money is missing and we don\u2019t know who to trust,\u201d remembers Caroline Papadopoulos, part of FTX\u2019s accounting leadership at the time.\u00a0<\/p>\n<p><noscript>Subscribe to <em>Mother Jones<\/em> podcasts on <a href=\"https:\/\/podcasts.apple.com\/us\/artist\/mother-jones\/1388496226\">Apple Podcasts<\/a> or your favorite podcast app.<\/noscript><\/p>\n<p>This week on\u00a0<em>Reveal<\/em>, through prison interviews with Bankman-Fried, his parents, FTX insiders, and customers, we take you through the frantic week of FTX\u2019s collapse and the controversial and less well-known bankruptcy that followed. At a cost of nearly $1 billion, it has become one of the most expensive in history.<\/p>\n<p>Read the FTX bankruptcy estate\u2019s <a href=\"https:\/\/www.documentcloud.org\/documents\/26158438-ftx-estate-statment\/\">on-the-record statement<\/a> to <em>Reveal<\/em>.<\/p>\n<\/article><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.motherjones.com\/politics\/2025\/09\/the-secret-story-of-ftxs-rise-and-ruin-part-1\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX founder Sam Bankman-Fried arrives at the federal court in New York in February 2023. Timothy A. Clary\/AFP\/Getty Get your news from a source that\u2019s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. Sam Bankman-Fried was once called the \u201ccrypto king.\u201d But in November 2022, his company, FTX, imploded [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1664","post","type-post","status-publish","format-standard","has-post-thumbnail","category-usa-news"],"_links":{"self":[{"href":"https:\/\/firearmgiveawayfinder.com\/index.php?rest_route=\/wp\/v2\/posts\/1664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/firearmgiveawayfinder.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/firearmgiveawayfinder.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/firearmgiveawayfinder.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/firearmgiveawayfinder.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1664"}],"version-history":[{"count":0,"href":"https:\/\/firearmgiveawayfinder.com\/index.php?rest_route=\/wp\/v2\/posts\/1664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/firearmgiveawayfinder.com\/index.php?rest_route=\/wp\/v2\/media\/1665"}],"wp:attachment":[{"href":"https:\/\/firearmgiveawayfinder.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/firearmgiveawayfinder.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/firearmgiveawayfinder.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}