From his home in New Zealand, the YouTuber Danny de Hek assails what he calls a dangerous and deceptive scheme, one rant at a time.
Last year, Danny de Hek was a social media guru badly in need of a social media guru. A buoyant New Zealander with geeky glasses, he dispensed advice about how to vastly expand your online audience, to a group of just 350 subscribers.
He earned a living by drop shipping electronics as he searched for ways to make serious money. Then, in February, the husband of a friend sent the 52-year-old Mr. de Hek an email crowing about a company that somehow guaranteed outsize and clockwork returns. Investors in what was then known as HyperFund — it has since been rebranded twice — could triple their money in 600 days.
FTX: Crypto giant collapses into bankruptcy
Embattled cryptocurrency exchange FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users.
Former boss Sam Bankman-Fried has also stepped down as chief executive, the company said.
It is a massive turn of fortunes for the 30-year-old, who had headed the world’s second largest crypto exchange.
SBF, the crypto billionaire whose entire scheme just crumbled, was a huge donor to Biden and the Dem Party. I guess if you want to blissfully believe this had nothing to do with the lack of scrutiny on his business, feel free. The irony is he might still get punished. Here's why: https://t.co/EvWcTbUTVG
— Glenn Greenwald (@ggreenwald) November 11, 2022
