The post Sam Bankman-Fried is ‘Very Experienced Con Man’ – Says FTX Investor Evan Luthra appeared first on Coinpedia Fintech News
Investors are being affected significantly by the sudden collapse of the cryptocurrency market and, in particular, a company connected to a significant crypto exchange. FTX is among the biggest cryptocurrency exchanges in the country.
It is now declaring bankruptcy and was recently valued at $32 billion. At this time, investors are unable to withdraw any funds from the site. Both large and small investors are suffering from FTX’s collapse.
Businessman and cryptocurrency investor Evan Luthra lost $2 million as a result of the entire FTX debacle. “I made the wrong decision of trusting somebody like FTX and giving them my bitcoin, giving them my crypto so that they could give me ‘IOUs.’ And then they went under, and they scammed us. So a very big lesson for me, a very big lesson for everybody,” Luthra said on “Varney & Co.,” Wednesday.
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