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Crypto Contagion Accelerates as Silvergate Bank Enters Liquidation, Binance Problems & SBF Charged
FTX was the second largest CRYPTO Currency Exchange and its failure is resulting in major CONTAGION throughout the whole of the Crypto sector as a result of losses incurred by Investors, Customers & other Crypto Businesses. The latest victim of this Contagion is SILVERGATE BANK that has now entered LIQUIDATION. In addition BINANCE has experienced a run on its proprietary coin BUSD. Nishad Singh from FTX has recently bee arrested and Sam Bankman Fried has now been charged with 12 more counts of Fraud and faces up to 155 years in prison.
Chapters:
0:00 Intro
2:57 SILVERGATE
10:02 NISHAD SINGH
13:53 SAM BANKMAN-FRIED
17:49 BINANCE
20:47 SUMMARY & CONCLUSION
