ENGLEWOOD CLIFFS, N.J., October 2, 2023 – Former billionaire Sam Bankman-Fried saw a meteoric rise as crypto’s golden boy and an even more spectacular fall as his $32 billion cryptocurrency exchange, FTX, collapsed in a matter of days. CNBC’s new digital documentary “The Collapse of FTX: Insiders Tell All,” which premieres today on CNBC.com, explores the factors that contributed to the rise of FTX, what triggered the company’s collapse and the impact the bankruptcy had on FTX customers and investors.
CNBC’s in-depth reporting follows the single tweet that ignited a series of events that ended with Bankman-Fried facing a dozen federal charges as he waits for trial behind bars. The story takes viewers on a journey from the snow-covered streets of Chicago to the $30 million penthouse where Bankman-Fried lived and worked in the Bahamas.
CNBC’s Kate Rooney speaks to the people most impacted by the fall of the crypto empire including former President of FTX US Brett Harrison who reveals what it was like to work directly for Bankman-Fried and FTX investor Anthony Scaramucci who discusses his front-row seat to the collapse and his visit to Bankman-Fried while his empire was imploding.
Rooney’s reporting also uncovers first-hand accounts from FTX customers who share what attracted them to Bankman-Friedman’s house of cards, their catastrophic losses, and the series of events that ended with Bankman-Fried waiting for trial from behind bars.
Beyond the rise and fall of FTX, the documentary also explores the battle that lies ahead over the missing billions, and whether customers will ever get any of their money back.
To view the documentary, visit: http://cnbc.com/ftx. The documentary is also available on YouTube.
