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appreciate your expertise. now to the charges that up ended the cryptocurrency world. this morning, ftx founder sam bankman-fried was indicted on eight federal counts including fraud and conspiracy. that s in addition to an s.e.c. charge. he s accused of a multibillion dollar scheme that funneled customer funds from his ftx crypto exchange to his hedge fund. cnn s kara scannell and matt egan are tracking this. stay tuned. there s something that will matter to all of us. kara, first to the accusations they essentially make ftx sound lick a big shell game. can you explain the charges. reporter: that s right, ana. these were unsealed and eight criminal accounts including wire fraud and multiple counts of conspiracy and what prosecutors and the s.e.c. allege in their complaints and indictment is that this was a massive fraud they allege started at the very inception. there are a couple of different alleged schemes but one is that ftx is a trading platform.

Sam bankman friedCryptocurrency worldHedge fundCustomer fundsMatt eganMultibillion dollar schemeKara scannellAna cabreraUnited statesThat s rightFtx sound lickShell gameTrading platform