Massachusetts Sen. Elizabeth Warren got into a back-and-forth with FTX paid spokesman Kevin O'Leary during a Wednesday hearing over whether cryptocurrency facilitates money laundering.
The dramatic FTX congressional hearings this week introduced even more players in the crypto collapse which could be even bigger than Enron.
John Ray III, the new CEO, didn't mince words when he described the malfeasance that went on as he continues to conduct an "enormous" investigation with millions of dollars missing.
FOX Business takes a look at the news makers connected to the fallout now being likened to Madoff's Ponzi scheme.
Samuel Bankman-Fried leaves Magistrate Court, Nassau Bahamas, December 13, 2022. Samuel Bankman-Fried leaves Magistrate Court, Nassau Bahamas, December 13, 2022. The FTX founder is charged with eight counts of conspiracy and fraud of investors in his failed crypto exchange, according to indictment on Tuesday.
Samuel Bankman-Fried leaves Magistrate Court, Nassau Bahamas, on Tuesday. The FTX founder is charged with eight counts of conspiracy and fraud of investors in his failed crypto exchange, according to indictment on Tuesday.
Samuel Bankman-Fried leaves Magistrate Court, Nassau Bahamas, December 13, 2022. Samuel Bankman-Fried leaves Magistrate Court, Nassau Bahamas, December 13, 2022. The FTX founder is charged with eight counts of conspiracy and fraud of investors in his failed crypto exchange, according to indictment on Tuesday.
John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, during a House Financial Services Committee hearing investigating the collapse of FTX in Washington, DC, US, on Tuesday, Dec. 13, 2022. House lawmakers were supposed to get their chance to grill the FTX founder on the collapse of his digital-asset empire, but the former crypto billionaire was arrested in the Bahamas on Monday after the US government filed criminal charges amid multiple probes into his possible misconduct.
UNITED STATES - DECEMBER 13: Chairwoman Rep. Maxine Waters, D-Calif., and ranking member Rep. Patrick McHenry, R-N.C., prepare for the House Financial Services Committee hearing titled Investigating the Collapse of FTX, Part I, on Tuesday, December 13, 2022. John J. Ray III, CEO of FTX Group, who took over after the resignation of Sam Bankman-Fried, testified. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
John J. Ray III, CEO of FTX Group, prepares to testify during the House Financial Services Committee hearing titled Investigating the Collapse of FTX, Part I, on Tuesday, December 13, 2022. Ray took over after the resignation of Sam Bankman-Fried.
WASHINGTON, DC - DECEMBER 14: Investor and television personality Kevin O’Leary testifies during a hearing before Senate Banking, Housing, and Urban Affairs Committee at Dirksen Senate Office Building December 14, 2022 on Capitol Hill in Washington, DC. The committee held a hearing on "Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers."
Kevin O'Leary, chairman of O'shares ETFs for O'Leary Funds Management LP, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing on FTX in Washington, DC, US, on Wednesday, Dec. 14, 2022. US prosecutors in Manhattan yesterday revealed eight criminal counts against the FTX founder and federal regulators said he committed a range of securities and derivatives law violations. Photographer: Ting Shen/Bloomberg via Getty Images
Senator Elizabeth Warren, a Democrat from Massachusetts, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing on FTX in Washington, DC, US, on Wednesday, Dec. 14, 2022. US prosecutors in Manhattan yesterday revealed eight criminal counts against the FTX founder and federal regulators said he committed a range of securities and derivatives law violations. Photographer: Ting Shen/Bloomberg via Getty Images
WASHINGTON, DC - DECEMBER 14: Actor and author Ben McKenzie Schenkkan testifies during a hearing before Senate Banking, Housing, and Urban Affairs Committee at Dirksen Senate Office Building December 14, 2022 on Capitol Hill in Washington, DC. The committee held a hearing on "Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers." (Photo by Alex Wong/Getty Images)
WASHINGTON, DC - DECEMBER 13: John J. Ray III, CEO of FTX Group, testifies during the House Financial Services Committee hearing titled Investigating the Collapse of FTX Part I, on December 13, 2022 at the U.S. Capitol in Washington, DC. Ray took over the FTX after the resignation of Sam Bankman-Fried. (Photo by Nathan Howard/Getty Images)
Representative Maxine Waters, a Democrat from California and chairwoman of the House Financial Services Committee, right, and ranking member Representative Patrick McHenry during a hearing investigating the collapse of FTX in Washington, DC, US, on Tuesday, Dec. 13, 2022. House lawmakers were supposed to get their chance to grill the FTX founder on the collapse of his digital-asset empire, but the former crypto billionaire was arrested in the Bahamas on Monday after the US government filed criminal charges amid multiple probes into his possible misconduct. Photographer: Al Drago/Bloomberg via Getty Images
John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing investigating the collapse of FTX in Washington, DC, US, on Tuesday, Dec. 13, 2022. House lawmakers were supposed to get their chance to grill the FTX founder on the collapse of his digital-asset empire, but the former crypto billionaire was arrested in the Bahamas on Monday after the US government filed criminal charges amid multiple probes into his possible misconduct. Photographer: Al Drago/Bloomberg via Getty Images