REAL-LIFE DRAMA: Actor rips crypto as 'largest Ponzi scheme in history' at FTX hearing
"The O.C." and"Southland" actor and author Ben McKenzie Schenkkan testified Wednesday on the collapse of cryptocurrency firm FTX.digital currency industrySchenkkan, who has starred in roles for "The O.C.," "Southland" and "Gotham," appeared as an expert witness on a panel before the.
"According to FTX, some 1.2 million retail traders, a.k.a. regular folks, and five million worldwide, have lost access to the money they entrusted to FTX. It is unclear when, if ever, they will get any of that money back," Schenkkan said. Referring to FTX customers as "investors," he said the estimated 40 million Americans who have invested in cryptocurrency "have been sold a bill of goods."
Samuel Bankman-Fried leaves Magistrate Court, Nassau Bahamas, on Tuesday. The FTX founder is charged with eight counts of conspiracy and fraud of investors, according to Tuesday's indictment.
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