The Truth About The FTX Scandal Explained In Under 6 Minutes

The contents of this video should not be considered a substitute for professional financial advice. Please consult a financial professional before implementing any of the strategies described in this video. The presenter shall not be held liable for any loss of profit or any other financial damages, including but not limited to special, consequential, incidental, or other damages.

Title : The Truth About The FTX Scandal Explained In Under 6 Minutes
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What Happened To Ftx The Ftx Collapse Explained


What is the story of ftx? In this video, we explore the ftx crash and the collapse of ftx, the crypto exchange that collapsed from a $32bn valuation to 0 after issues with liquidity and fights with binance. Ftx was one of the most exciting startups in crypto, founded in 2019 and rocketed to unicorn status, seeing investment from massive organisations.

But what happened to ftx? How did ftx fail so quickly. There was a liquidity crunch in november 2022 after binance, a major ftx competitor sold their shares in ftt which saw a run on the bank and $6 billion in withdrawals in 2 days.

Watch the video to explore what happened to ftx and sam bankman fried's business. This is ftx explained so you can understand all about the ftx crash. Here's how it happened vox texts:

Since the time of recording, 29th november, there has been additional information that has come out which may not be included in this video. In the week that followed our audio recording, more and more information has come to light about ftx. Therefore, we may have missed some parts of this story, a story which is constantly evolving.

Check the links in our bio for further reading/videos. Thanks for your support as always! This is at no extra cost to you to use our links/codes, it's just one more way to support us and our channel!

Ftx Worse Than Enron


Sign up for blinkist using this link: John ray iii, who was appointed to run the ftx bankruptcy, said in a us court filing that he had never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information”. Statistics for the trading floor:

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Ftx Collapse - What Is The Path Forward For Crypto


The collapse of ftx is clearly one of the most impactful events in the history of crypto. So what’s the story behind ftx? How did it rise to power and became one of the biggest crypto exchanges so quickly?

What led to its collapse? And what kind of impact will it have on crypto and defi? You’ll find answers to these questions and more in this video.

Further Price Drops Forecasted For Ontario Real Estate Market Outlook


Td’s forecast is that canadian home sales will bottom sometime in early 2023. This could coincide with the bank of canada’s next rate hike on january 26th after which many experts believe the bank of canada will be pausing their rate hiking cycle to then evaluate data such as the job market and inflation figures. If we were to see a 20% drop here in ottawa this would bring us to an average home price index of $582,560.

These prices would have last been seen in january 2021 which would mean erasing all gains made in 2021. 🏠 if you are in the market to buy, sell or rent a property in the ottawa area let's connect and discuss your ottawa real estate needs. The information provided in this video is for informational purposes only and should not be taken as financial or real estate advice.

It is important to consult a professional before making any financial or real estate decisions. The content of this video is based on the personal opinions and experiences of the host and should not be considered as professional advice. Viewers are responsible for their own financial and real estate decisions.

This video is not intended to solicit buyers, sellers, landlords, or tenants currently under contract with another brokerage.

The Ftx Collapse Explained What Went Wrong Wsj


Cryptocurrency exchange ftx was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. Wsj explains the factors that drove ftx’s growth and what led to its downfall. Alexandra larkin what went wrong explores the challenging conditions and decisions that led to a company's downturn.

The three key points on the largest crypto bankruptcy ever:

5 Money Mistakes Keeping You Poor Not What You Think


In this video we talk about 5 money mistakes that are keeping you poor, and no, they aren't things like not budgeting etc. The contents of this video should not be considered a substitute for professional financial advice. Please consult a financial professional before implementing any of the strategies described in this video.

The presenter shall not be held liable for any loss of profit or any other financial damages, including but not limited to special, consequential, incidental, or other damages.

Ftx Infinite Money Diagram Accounting And Collapse Explained


In this video i cover the accounting & audit issues with ftx's collapse in a nutshell, ftx used its sister company alameda in these illegal ways: Alameda was a major customer of ftx's ftt token, helping ftx prop up it's fair market value!! Get 30% discount on the controller academy:

🔥take 30% off when you enroll in my online course “night before the accounting interview guide” including all levels q&a🔥: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that i provide i may receive a small commission.

There is no additional charge to you! Thank you for supporting my channel so i can continue to provide you with free content each week! All views expressed on my channel are mine alone.

Not intended as financial or professional advice

Crypto Ceo Accidentally Describes Ponzi Scheme


The magical box was actually a pyramid this whole time. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100k/month for an upfront fee of $2k is a scam.

Others would call it a napoleon hill pitch.

Why I Will Never Trust Or Invest In Crypto Ever Again


I know i’m not a crypto channel, but in this video, i go over crypto’s ftx story. It’s a very interesting story about greed and lies and how sam bankman fried and caroline ellison will rank up with the likes of lehman brothers and enron. Investing in crypto is scary.

► free stocks ⮕ get 14 free stocks worth up to $30600 when you deposit $100 with webull: This is not financial advice. Please take the time to understand the risks involved.

The investments reviewed by me may not be suitable for all investors. Please seek advice from an independent financial advisor. Past performance is not indicative of future results.

I do not guarantee any specific outcome or profit. The links above include affiliate referrals that i receive compensation from.

Its Over Canadian Real Estate Sales Collapse - Worst Year On Record


The canadian real estate association just released their year end real estate sales data and the numbers are staggering, with sales down 39% in the month of december and prices down 16.5% since the peak in march. Meanwhile td bank released their forecasts for 2023 and the predictions are less than rosy. The contents of this video should not be considered a substitute for professional financial advice.

Please consult a financial professional before implementing any of the strategies described in this video. The presenter shall not be held liable for any loss of profit or any other financial damages, including but not limited to special, consequential, incidental, or other damages.

Faillite De Ftx Le Début De La Purge Sur Les Cryptomonnaies


Ftx, la deuxième plateforme de cryptomonnaies s'est effondrée en quelques jours. Un choc sans précédent pour l'univers des cryptos. Le point de vue de charles sannat, fondateur du site insolentiae.

Ftx Disaster Explained In Simple Terms Where Did Billion Go All In One Video


Ftx crashed in a miraculous way! Here is a simple explanation as to what sam bankman did, why ftx collapsed, where did billions of dollars go and who is behind all of it! Launch) 💰track the portfolios of pro traders:

Launch) 💹 best investing tips for those who want to build a low risk investment portfolio: This is not financial advice! This video and this youtube channel in general is for entertainment purposes only.

Investing and trading carry risk, do your own analysis before putting your own capital at risk.

Ftx Collapsedheres Why


Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100k/month for an upfront fee of $2k is a scam. Others would call it a napoleon hill pitch.

The Rise And Fall Of Ftx Cryptocurrency Exchange


Ftx cryptocurrency exchange was once thought to be a pillar of legitimacy in the cryptoworld. The company filed chapter 11 bankruptcy earlier this month. Our team at motherboard dives into what exactly happened, and what this means for the future of the company.

Chatgpt The Canadian Real Estate Crash Is Coming


Chatgpt could revolutionize the way we work, but could it also help us forecast the future of the canadian real estate market? In this video we find out. The contents of this video should not be considered a substitute for professional financial advice.

Please consult a financial professional before implementing any of the strategies described in this video. The presenter shall not be held liable for any loss of profit or any other financial damages, including but not limited to special, consequential, incidental, or other damages.

Kevin Oleary Gets Destroyed In Ftx Cnbc Interview


Kevin o'leary reveals that he had received 15 million dollars to be a spokesperson for ftx and did basically no due diligence. The cnbc interviewers do an excellent job grilling kevin and not letting him dance around the questions. Kevin o'leary has agreed to testify in the december 14th senate committee hearings and we will bring you the highlights and coverage as it comes.

Let’s talk about it in the comments section… new to coinbase? Get $10 by signing up with the link below. This video is meant to be used for entertainment purposes only and represents only my personal opinions*** connect with us here:

From 32 Billion To Zero In 24 Hours Ftx


As soon as he put up this tweet, he moved all his ftt out. Then the market started panic selling. C.z's tweet literally caused the entire market to panic sell, crashing ftt and making ftx insolvent.

Basically they couldn’t process withdrawals anymore because they didn’t have enough cash if someone gave them tokens. In 2021, ftx raised $900 million at an $18 billion dollar valuation from investors like sequoia capital. When binance invested, they did not believe that ftx would become this big this quickly.

Now the competition was heating up. He started saving crypto companies that were going through problems to “save the space”.

Ftx Sbf Finally Reveals Where All The Missing Money Went


Sam bankman fried just got arrested in the bahamas. Around 8 to 10 billion dollars have gone missing from ftx. But finally, he admitted to fraud and confessed to illegally playing with customer funds.

He told everyone where all the money went. And how did he end up in prison? 💰 check out my channel about crypto discussions:

I have a huge passion for business stories and case studies, and i felt youtube had lots of great videos about them. But as i was trying to learn more about innovative companies, i realized it was much more difficult to find truly good content. So i teamed up with some skilled friends and started my own youtube channel.

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