John Oliver Exposes Cryptocurrency Risks and Scams

John Oliver revisits the cryptocurrency sector after a series of high-profile and expensive busts, including the collapse of FTX, a cryptocurrency exchange hyped by celebrities such as Steph Curry and Tom Brady. Oliver examines the collapse of three companies, each "founded on the promise that they would replace some part of our financial system". The throughline with all three companies is "confidently projecting a veneer of expertise even as, beneath the surface, they were a complete shitshow," said Oliver. He concludes that "this is all still a casino" and that scammers will thrive in a financial system where the only real currency is confidence.