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Transcripts for MSNBC The 11th Hour With Stephanie Ruhle 20240604 04:37:00

action lawsuit. you know what? i am in. tom brady, gisele larry david, naomi ahsahka, and steph curry are among the celebrities accused in a class action lawsuit being part of a, quote, fraudulent scheme designed to take advantage of unsophisticated investors. that led to 11 billion dollars in damages. it s safe and easy way to get into crypto? i don t think so. all stemming from their involvement in promoting crypto exchange ftx. fcx s founder and ceo sam bankman-fried was until recently darling of the crypto community. his company once valued at more than 42 billion dollars is now seeking bankruptcy protection. we are talking about one of the larger bankruptcy s we have seen in a long time. the ftx founder also named the lawsuit resigned as ceo as his company collapsed. he did not reply to nbc s request for comment. but in direct message exchange with the reporter wrote, f regulators, they make everything worse.

Transcripts for MSNBC The 11th Hour With Stephanie Ruhle 20240604 07:37:00

i want to start by sharing your latest reporting on the class action lawsuit. you know what? i am in. tom brady, gisele larry david, naomi ahsahka, and steph curry are among the celebrities accused in a class action lawsuit being part of a, quote, fraudulent scheme designed to take advantage of unsophisticated investors. that led to 11 billion dollars in damages. it s safe and easy way to get into crypto? i don t think so. all stemming from their involvement in promoting crypto exchange ftx. fcx s founder and ceo sam bankman-fried was until recently darling of the crypto community. his company once valued at more than 42 billion dollars is now seeking bankruptcy protection. we are talking about one of the larger bankruptcy s we have seen in a long time. the ftx founder also named the lawsuit resigned as ceo as his company collapsed. he did not reply to nbc s request for comment. but in direct message exchange with the reporter wrote, f regulators, they make everything

Transcripts for FOXNEWS Your World With Neil Cavuto 20240604 21:31:00

in a direct message interview, he unloaded his real thoughts on what went wrong saying f-regulato f-regulators. they don t protect customers. lawmakers believe the top services committee says congress has to crack down because regulate-s dropped the ball. after the meltdown of enron, congress took action to address the legal failure there s and clarify our laws. we re at that same moment when it comes to centralized exchanges in the digital asset echo system. current regulators are not doing anything to protect consumers. they have made things worse. bankman-fried went on to admit that he made some mistakes, just not the ones you think. telling the reporters that he regrets filing for chapter 11 bankruptcy saying i f-ed up big multiple times.

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