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FOXNEWS Cavuto Live June 4, 2024 15:36:00

On famous faces who got paid to endorse f ftx. crypto doesn t get a free pass because it s shiny and bright or because venture capitalists think it might change the world or its tv campaigns were witty and featured famous people, especially so many consumers are at risk of losing hard-earned money. that s before we even consider how crypto has ushered in a whole new dimension of fraud. reporter: to leery says he was paid $18 million to be a spokesperson. he had about 1 million invested in ftx including so 10 million in tokens held in ftx wallets, but everything is gone. he tried to get answers about where it went. i simply called sam bankman-fried and said, where is the money, sam? he said he had been refused access to the servers, he no longer knew. i said, okay, let s step back. this is a simple case, in my mind, of where did the money go. ....

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FOXNEWS Cavuto Live June 4, 2024 15:35:00

Invested in ftx equity and approximately $10 million in tokens held in ftx wallets. the equity now is most likely worthless. neil: all right, kevin can o leary testifying on capitol hill, he personally did call sam bankman-fried who was running ftx, this exchange if you will, about where the money was and got no straight answer. now bankman-fried, as you know, is stew anything a bahamas jail until at least february, but the fallout from this has been fast and furious. hillary vaughn has the latest. hillary. reporter: neil, celebrities are used to the spotlight but not necessarily the hot seat. lawmakers are looking for answers from ptx s star-studded rolodex of endorsers that sam bankman-fried shelled out millions to including shark tank s kevin o leary who was on capitol hill this week to testify. he, among others, are targets of a class action lawsuit focusing ....

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Joe Biden Sparks Jokes, Memes After Mocking Donald Trump's 'Announcement'

President Biden mocked Donald Trump after his "major announcement" turned out to be the online sale of NFTs. ....

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FOXNEWS FOX and Friends June 4, 2024 12:06:00

Drug trafficking since the 1960s and the american dollar when it was thrown out of a piper aircraft in a duffle bag. the american dollar is also used by bad actors all the time. i m just saying if you know your client rules on both sides of the transaction and use a crypto, such as usdc, that is regulated, you solve this problem, senator, overnight. brian: don t kill crypto, kill this guy. he went into detail. i got $15 million in services. 3 million extra to pay for taxes. i got 1 million in ftx equity tilt worthless. 10 million in tokens which is now worthless and now all of a sudden the equity doesn t add up e also called back into the bahamas and talked to this guy. senator pat toomey is somebody just as smart as anybody there. he does this thing called asking questions. he asked them, kevin, what do you think happened? ened he goes i will tell you exactly what happened. i talked to him right after and he said my stuff froze and i don t know what happened to the money. go back 24 ....

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FOXNEWS FOX Friends First June 4, 2024 10:35:00

Brenberg, fox news contributor and professor of business and economic at kings college. good morning, the detail that matters least, we re talking about crypto, this is real people s real money and the new ceo john ray testified yesterday that the losses were in excess of $7 billion and said this is old-fashioned embezelment, ftx was taking money and using for its own purposes. brian: he said there aren t many books, what they have figured out is bankman-fried spent heck of a lot of money on himself and pet projects toun too of over billion dollars, including $300 million on real estate, tokens and crypto, but this is straight up, i will take your money and tell you it is yours and use on all the stuff i ....

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