Live Breaking News & Updates on Crashing down

Transcripts for BBCNEWS BBC News 20240604 09:39:00

There, and it had become a giant of the industry, and he also ran a hedge funds, a cryptocurrency hedge funds called allevinah research and it has been a really tough time in the last six months in the cryptocurrency industry because the price of bitcoin has collapsed and people and companies have gone bankrupt, but sam bankman fried was doing handouts and the company seemed very strong, that was until it was revealed that the finances of his companies were extremely unstable and everything came crashing down, customers tried to pull their money out and he declared bankruptcy. there are about 1 billion people now who can t get access to their cryptocurrency wallets, they are out of pocket and waiting to find out whether or not they are going to get paid back, there is billions of dollars missing and there has been locks are valued that accusations around sam bankman fried and his company around a misuse of customer funds. over the last few weeks at first he stayed quiet then he started giving media interviews, i went to see him last wednesday and interviewed him in the bahamas and he said he was innocent

People , Cryptocurrency-industry , Companies , Cryptocurrency , Hedge-funds , Price , Bitcoin , Giant , Industry , Allevinah-research , Six , Sam-bankman-fried

Transcripts for MSNBC Jose Diaz-Balart Reports 20240604 15:27:00

Tree limbs could be snapped, come crashing down and fall on power lines, creating a whole other problem. it s 10 degrees. if people lose power, heat, it will create another disaster in this area. the storm system that did all of this is headed east towards your direction and will make its way there in a couple of days. miguel, you may get the prize for best outdoor live shot and the whole report. thank you, miguel. good to see you, buddy. congress has days to avoid a government shutdown. why congressional leaders are struggling to reach a deal on a massive government funding package. plus, we ll talk to an army veteran who is putting the heat on congress to protect afghan allies here in the u.s. you re watching jose diaz-balart reports. g jose diaz-balart reports. shell-fish-pression.

Problem , Power-lines , Tree-limbs , Crashing-down , People , Couple , Way , Storm-system , Area , Heat , Direction , Power

Transcripts for BBCNEWS BBC News 20240604 00:17:00

Investigators and reporters want an answer to. were you incompetent or were you fraudulent? i didn t knowingly commit fraud, i don t think i committed fraud. i didn t want any of this to happen. i was certainly not nearly as competent as i thought i was. that is why we started ftx, to harness the possibility of this digital world. bankman fried s ftx was a giant of the crypto currency industry. the exchange allowed people to trade their normal money for digital tokens like bitcoin. but last month, it was revealed ftx and bankman fried s separate company, alameda research, were financially unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it is alleged that the alameda hedge fund was using ftx customer money that should have been secured. until very recently, this was the headquarters of a $32 billion ftx empire.

Fraud , Question-victims , Reporters , Answer , Ftx , People , Everything , World , Sam-bankman-fried , Money , Company , Exchange

Transcripts for BBCNEWS BBC News 20240604 05:20:00

Bankman fried s ftx was a giant of the cryptocurrency industry. the exchange allowed people to trade their normal money for digital tokens like bitcoin. but last month, it was revealed ftx and bankman fried s separate company, alameda research, were financially unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it s alleged that the alameda hedge fund was using ftx customer money that should have been secured. until very recently, this was the headquarters of the $32 billion ftx empire. we have spoken to a former senior employee of the company who worked here with sam bankman fried. he is furious at how the ceo has handled the collapse, but also about what he is saying right now. he says you are lying, he says that you knew about it, and that it is impossible, he says, for you not to know that ftx s customer funds were being used on these big, risky bets for alameda research, and this is all, in his words, a bold faced lie and a cover up. is that true? no. no, it is not.

People , Everything , Sam-bankman-fried , Money , Company , Ftx , Billions , Exchange , Giant , Tokens , Alameda-research , Crashing-down

Transcripts for BBCNEWS BBC News 20240604 03:20:00

I made a lot of mistakes that are things i would give anything to be able to do over again. regardless of any apparent remorse, there is only really one question victims, investigators and reporters want an answer to. were you incompetent or were you fraudulent? i didn t knowingly commit fraud, i don t think i committed fraud. i didn t want any of this to happen. i was certainly not nearly as competent as i thought i was. bankman fried s ftx was a giant of the crypto currency industry. the exchange allowed people to trade their normal money for digital tokens like bitcoin. but last month, it was revealed ftx and bankman fried s separate company, alameda research, were financially unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it is alleged that the alameda hedge fund was using ftx customer money that

Lot , Things , Question-victims , Anything , Reporters , Mistakes , Answer , Remorse , One , Fraud , People , Money

Transcripts for BBCNEWS BBC News 20240604 02:21:00

Are things i would give anything to be able to do over again. regardless of any apparent remorse, there is only really one question victims, investigators and reporters want an answer to. were you incompetent or were you fraudulent? i didn t knowingly commit fraud. i don t think i committed fraud. i didn t want any of this to happen. i was certainly not nearly as competent as i thought i was. that is why we started ftx, to harness the possibility of this digital asset world. bankman fried s ftx was a giant of the crypto currency industry. the exchange allowed people to trade their normal money for digital tokens like bitcoin. but last month, it was revealed ftx and bankman fried s separate company, alameda research, were financially unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it is alleged that the alameda hedge fund was using ftx customer money that should have been secured.

Anything , Question-victims , Reporters , Things , Remorse , Answer , One , Fraud , Ftx , People , World , Company

Transcripts for BBCNEWS BBC News 20240604 10:23:00

Want an answer to. were you incompetent or were you fraudulent? i didn t knowingly commit fraud, i don t think i committed fraud. i didn t want any of this to happen. i was certainly not nearly as competent as i thought i was. that is why we started ftx, to harness the possibility of this digital asset world. bankman fried s ftx was a giant of the cryptocurrency industry. the exchange allowed people to trade their normal money for digital tokens like bitcoin. but last month, it was revealed ftx and bankman fried s separate company, alameda research, were financially unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it s alleged that the alameda hedge fund was using ftx customer money that should have been secured. until very recently, this was the headquarters of the $32 billion ftx empire. we have spoken to a former senior

Fraud , Answer , People , Arab-world , Bankman-fried-s-ftx , Exchange , Money , Asset , Possibility , Giant , Cryptocurrency-industry , Billions

Transcripts for BBCNEWS BBC News 20240604 21:22:00

Regardless of any apparent remorse, there is only really one question victims, investigators and reporters want an answer to. were you incompetent or were you fraudulent? i didn t knowingly commit fraud, i don t think i committed fraud. i didn t want any of this to happen. i was certainly not nearly as competent as i thought i was. that is why we started ftx, to harness the possibility of this digital asset world. bankman fried s ftx was a giant of the cryptocurrency industry. the exchange allowed people to trade their normal money for digital tokens like bitcoin. but last month, it was revealed ftx and bankman fried s separate company, alameda research, were financially unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it s alleged that the alameda hedge fund was using ftx customer money that should have been secured. until very recently, this was the headquarters of the $32 billion ftx empire.

Fraud , Question-victims , Reporters , Remorse , Answer , One , World , Bankman-fried-s-ftx , Asset , Possibility , People , Everything

Transcripts for BBCNEWS BBC News 20240604 13:20:00

That is why we started ftx, to harness the possibility of this digital asset world. bankman fried s ftx was a giant of the cryptocurrency industry. the exchange allowed people to trade their normal money for digital tokens like bitcoin. but last month, it was revealed ftx and bankman fried s separate company, alameda research, were financially unstable. everything came crashing down, billions of dollars are now missing, more than a million people out of pocket. it s alleged that the alameda hedge fund was using ftx customer money that should have been secured. until very recently, this was the headquarters of the $32 billion ftx empire. we have spoken to a former senior employee of the company who worked here with sam bankman fried. he is furious at how the ceo has handled the collapse, but also about what he is saying right now. he says you are lying, he says that you knew about it, and that it is impossible, he says, for you not to know

People , World , Exchange , Bankman-fried-s-ftx , Asset , Possibility , Giant , Cryptocurrency-industry , Sam-bankman-fried , Everything , Money , Company

Transcripts for FOXNEWS Hannity 20240604 02:46:00

About inflation is like the biden administration. he should ve started snuggling up a year and a half ago. so now he s going crashing down. he is the grinch that stole christmas. we are likely to have a very bad recession next year. this could have been avoided with better fiscal policy, better monetary policy, better energy policy. you know, we showed the way they went off on this crazy staff with esg and now look once happen. it s a big mask. it s a big mess. tu sean: and they are not going to close the border. they re not going to go back to energy independence, not going to go back to sensible economic policies. larry, thank you. coming up, the woke left continue to outdo themselves or wait till you hear what they had to say about shark week. jimmy failla response straight ahead.

Joe-biden , Inflation , Administration , Half , Grinch , Crashing-down , Way , Recession , Fiscal-policy , Monetary-policy , Better-energy-policy , Staff