FTX Collapse Explained

Release date: November 21, 2022
Duration: 35min
Guest(s): Mark Moss
Mark Moss

As you may have heard, FTX, a popular cryptocurrency trading site that gained popularity after it featured A-list athletes like Steph Curry and Tom Brady in its commercials has collapsed. Today's guest explains how the Enron-style scheme lost billions of dollars overnight.

Mark Moss, a nationally syndicated radio host on the iHeart network, a content creator on YouTube, Podcaster, and the author of the new book “UnCommunist Manifesto,” says, “This token looked like it had value, which was traded on FTX, gained in popularity because people perceived it had value—value Alameda gave it, artificially.” As a result, thousands of unsuspecting investors bought a garbage token.

Host Robert Kiyosaki and guest Mark Moss breakdown the collapse of FTX and how you can prevent falling victim to similar scams.