“They Funneled Off Like $10 Billion” – Joe Rogan Breaks Down FTX – “Crypto’s Biggest Crash” – EssentiallySports

Joe Rogan is unabashedly honest in his hit-podcast show. The Veteran UFC commentator addresses close to 12 million followers for each episode of The Joe Rogan Experience. In these episodes, the host is unafraid to get his political opinions across to educate his audience on several matters. He recently spoke about FTX co-founder Sam Bankman-Fried and his inability to operate the company.

The stand-up comedian gave an alternate reality where the whole situation would’ve been better handled.

The JRE host once mentioned how ‘whacky’ Sam Bankman-Fried was to be responsible for the FTX crash; how he managed to lure celebrities such as Tom Brady and Gisele Bundchen.

Joe Rogan on the FTX founder, using celebrities to his advantage

Stand-up comic, Kurt Metzger joined Rogan to discuss The FTX collapse and how its CEO was able to secure a large sum of money. Metzger expressed the best gift celebrities could receive, is a sum of money. And, in the case of FTX, celebrities such as Tom Brady and Gisele Bundchen got just the right paycheck to represent them. They co-starred in a $20 million ad campaign for a stake in the equity of the company.

Roan said how it gathered around $10 billion due to the influence, but said how the deal was mostly fake money from FTX. “They funneled off like $10 billion into that ’cause the whole thing is so wild. They were just on speed playing with fake money.”

The fitness enthusiast stated, “Crypto’s biggest crash saw guy playing League of Legends while luring investors.” The discussion took place in episode #1903 of The Joe Rogan Experience on Spotify.

The UFC commentator explained why SBF dumped all his coins

The podcast host also spoke about the substance abuse involved leading to Sam Bankman-Fried’s early downfall. Also suffered due to his rivalry leading to a huge loss.

“If that guy [Sam Bankman-Fried] didn’t go to war with that other guy – that’s what happened right?”

“That dude dumped all of his coins, he sold all of his coins and he really couldn’t cover it… That was his like rival… “

Joe Rogan details the crazy thing about the nature of the founder of FTX. The ‘Ponzi Scheme’ fooled several investors into purchasing cryptocurrency, through the endorsement of trustworthy celebrities. Meanwhile, the 30-year-old founder played League Of Legends while he sold his cryptocurrencies through celebrities.

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What do you think about the entire fiasco and Rogan’s recent discussion?