FTX’s new CEO says he’s never seen “such a complete absence of trustworthy financial information…” in his career. So what’s next after FTX’s bankruptcy filing? WSJ breaks down the three key points around the largest crypto bankruptcy ever: kzfaq.info/get/bejne/oal9YMSYrZfFd4E.html

It's called money laundering and kick back money to politicians, people.

I love the "nobody could have seen this." Everyone with a brain has said this is exactly what would happen many times.

I've never invested in crypto because I've never understood it. Even if this didn't happen, I still wouldn't understand anyway.

When this whole crypto thing got started, I warned everyone I knew to stay away. You’re investing in nothing, and nothing is what you’re gonna get in the end!

They have to make an example of SBF and give him the maximum penalty for this kind of violation of trust.

This could be the fastest hero-to-zero in history.

Deymon spend hours each day to ensure that something of value is released into the world that has impact on those with an interest and desire to be a part of this platform.

As J.P. Morgan’s father, Junius Morgan, once declared: “In making haste to be rich, how many fall, slow and sure should be the motto of every young man.”

The funny part about crypto, is its basically repeating problems the financial institutions went through. Bank runs, how to classify assets on the BS etc.

Those investing channels really bowed to him. He wasn't JP Morgan, he was Bernie Madoff. LOL.

Great work 𝗨𝗣𝗙𝗥𝗢𝗡𝗧𝗛𝗔𝗖𝗞𝗘𝗥𝗦 so glad you are out there fighting these lowlifes. We need to do all we can to spare the elderly and the general public from these despicable scammers!

Hi Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of it. Not surprising negative market sentiment is so high now, We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S economy as fear of inflation hammers the prices of stock;s and bonds. My portfolio of $250k is down to $172k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

It appears giving someone a label/labeling someone a genius is easier than actually being a genius.

"No one could have foreseen -" he literally described what he was doing, on a podcast, more than six months ago.

Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.

When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health.

Eh, after I lost 40% on the FTX drop I decided to keep a closer eye on crypto and my portfolio. So I downloaded the crypto portfolio app. I advise you to do the same

An entire industry based on selling pretend “assets” to financially challenged individuals through slick promotions and a fear of missing out? What could have possibly gone wrong? 😂

A round of applaud for the great analysis and breakdown of personal perspective. I woke up to the sad news by FTX. The market circumstances are driving me insane, my portfolio has lost almost $18500 this month alone, my earnings are tanking, and I can't see how my retirement will go smoothly when I can't even increase my stagnating reserve. I wonder whether those who lived through the 2008 crash had it

I AM NEW TO BTC AND HAVE MADE LOSSES TO MAKE PROFITS IN TRADING... I THOUGHT TRADING WITH A DEMO ACCOUNT WAS LIKE TRADING ON THE REAL MARKET... SOMEONE CAN HELP ME OR AT LEAST ADVISE ME ON WHAT TO DO?

"anything big that starts big is a call for concern". i will never forget this quote from an entrepreneur who made it big time.

Finance YTbers will definitely make an "apology video" wiping their tears away because they're not going to be earning more of that sponsor deals💀..... waiting for the next scummy brand to sponsor them again

Don't forget to ask O'leary about his part in this.

I'm DCAing in LibertonCorp as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!

This guy knew what he was doing, he should be held accountable. Investors wants their money back.

1.) The BTC/crypto people want to exist outside the confines of government regulation. 2.) When an FTX happens, the BTC/crypto people want the government to step in and arrest/prosecute the fraudsters. Note: You cannot have it both ways.

While everyone is focused on BTC, ETH, or any other top alt coin and playing defense, they are missing out on high-quality projects set to launch on CEX. For example, LibertonCorp will go mainstream soon, with 10x-20x possible even during this bear market, but only a few people are aware of this.

Remember the companies who said 'buy gold through us' while you send them money and they 'hold on' to your gold for you? Yeah, me neither.

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.

always great info. thanks for sharing.

Lesson Learned: Be weary of a guy who shows up to a sit down in a t-shirt, shorts, and unkept hair. Tony Soprano called it.

I'm here to learn how to trade and also to invest. After listening to a guy on a live program about the importance of investing and how he made $410k in 4 months from $145k, somehow this video has helped shed light on key points, but I'm still confused as a newbie and I'm open to meaningful ideas.

FTX had money WEF which went back to democrats. Hes the #2 donor to democrats

This collapse illustrates the basic problem of investing in a mysterious asset which basically consists of encrypted code which does nothing and is intrinsically worthless without willing buyers. In simple terms, “There’s no there there”. If there’s a “Run” on the “asset”, people trying to convert asset into cash while there are buyers, there’s no bottom!

Team Paradise, please keep up the excellent job. I am grateful to you for providing such insightful BTC analysis.

Human always do the same thing. A new tool won't change human nature

Alexandra Larkin really did justice in the explanation of the sudden liquidity crunch that led to FTX collapse. Though, it is stale news that Idle money gets killed due to inflation. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $520K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further.

Great work, you are doing well by this update you give out.

this is so informative to watch. learned alot

Nothing is going to change until these crooks start receiving street justice.

Since the start of 2022, we have been in a recession, but major media outlets and governments around the world refused to acknowledge it. We must exercise wisdom and intelligence. Since knowledge is power, I want the entire family to be strong! I recently bought some LibertonCorp. We appreciate you keeping us informed during these uncertain times.

When I saw the clip title I thought, Oh is there another building collapse I had not heard about, i.e., something real and tangible. Then I realized this was only about a fools errand and re-browsed YT

Is this where AOC got her modern monetary theory?

Me: Still, trying to figure out what FTX, ALAMEDA & BINANCE do after watching this documentary.

The reason that Sam’s clients (most of whom are super-rich) are not taking any loud action against him in the media is that they are embarrassed in front of the world that they had trusted a kid (literally a child) because of their greed to make money out of thin air and that they have been conned by a kid (literally a kid). This is what greed does to you-you get blind-sighted by a child. This kid should be in prison for the rest of his life because of destroying the lives of, not the super-rich because they are OK, but the lives of those innocent people who had invested their life savings in Sam Bankman-Fired FTX, period. What an appropriate last name, Bankman, or should I say BankConman!

It's that the guy you named “a next Warren Buffett” few weeks ago!?

Although< I have interests in global economics I don't watch the news anymore... I have enough FUD. Thanks for this news and offering your insight on how to navigate during unfortunate times/events like this. You're right about keeping level headed when investing so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present has enough to know issues going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over £728k from day trading with Liberton Corp Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish....

Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.

You forgot to mention the MIT connection between Gary Gensler (SEC), Glen Ellison (Garys old boss) , Caroline Allison CEO alemidia doughter of Glen Ellison and Sam Bankman (MIT) relationship to Caroline a full circle of scam need to investigate Citadel to hold this mess whit all naked shorting 🤣

It amazes me how people can put their hard earned money into video game gold.

THIS is the video I've been looking for! I wanted an honest factual break down of YT revenue sources. Other channels have done it, but they click bait you into a video, THEN they vaguely rush to the important part without showing us facts and the math. Andrei and Graham Stephan are the ONLY channel I sub too when it comes to finance. This kind of content (plus the silly magics lol) is why I will stay as a subscriber. Greetings from California. :) ##LIBERTONCORP

Although< I have interests in global economics I don't watch the news anymore... I have enough FUD in the crypto markets lol. Thanks for sharing this news and offering your insight on how to navigate crypto during unfortunate times/events like this. You're right about keeping level headed when investing/trading so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present gives me just enough to know what's going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 23BTC from day trading with LIBERTON CORP Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish..

Criminal Enterprise. That’s what went wrong.

If you have trouble understanding what was wrong with Alameda Research having most of their assets in FTT tokens, then just think of the scene in Dumb and Dumber where the "heroes" find a suitcase full of money and replaces the money with IOUs. Same thing.

1:34 Those shaking legs during live interview says so much about the professional standard of a person.

This video is valuable and knowledgeable for every person.thanks for sharing good information about The FTX Collapse Explained What Went Wrong” .I like very much 💯.all the best ❤️❤️

To summarize - this is like a bank taking all its deposits to the casino.......and losing. All of it. This is an absolute disgrace and 'SBF' should go to jail for a very long time.

Derivatives are criminal in any and all investments. Fried is dirty and so is his staff. Jail time.

And no one single word about SBF being the biggest donor for Dems.

WSJ did you forget to mention Gary Gensler connection to SBF on purpose or you haven't done your research correctly at all? He is probably also going to jail if the police do investigate Gensler.

He's so happy about the Recession coming in, like he's super excited to be witnessing it.

This is the same thing that happened during the depression, banks did tons of borrowing which lead to bad investment with depositors money. Then that triggered a mass withdraw from said banks forcing them to collapse.....all because it wasn't safely regulated

Thanks for the information. It is a real eye-opener.

Daniel Friedberg, the supposed chief regulatory officer of FTX (and the Ultimate Bet poker scandal in 2008) should have a spotlight on him as well and then a potential prison uniform.

Finally a serious source, after all that curious KZfaqrs

Bummer for those who lost. Seems like a crime. I never bought into the vapor coin stuff.

With the current problem around the world today I think it's best everyone invest more in digital asset than Saving in banks and real estate. Just my thoughts

Very Interesting I have Mercury in 5th and saturn in 9th. One restricts socializing one supports it lol. What do you think happens in the situtation?

sbf is sort of a genius. the only reason he isn't one is that he doesn't know how to cover his tracks.

Everyone is keep saying " FTX lost his value " it's worth noting from the beginning. Same said explained for first day " I tool an empty box and I valuated it to $100,000 " and people start gabling for an empty box😂, there is no real value or service behind his box 😂

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio

Thanks for the old news wsj

everyone should go on Twitter and poke at FTX, the Bahamas gov/SEC, our SEC, and tell them to undo the fraudulent expense Sam bankman fried has done such as buying houses at 1.2 million, over compensation, and transfers that they should not have done and to work SBF to the bone yo repay. The FTX court proceeding in Colorado and FTX assets is with the Bahama gov. Currently. Anyone stuck in Gemini should push Genesis lending to seek further income as they were affected by FTX so to not hold people’s money hostage via Gemini for example!

If I wanted to know what happened to FTX I certainly wouldn’t trust The Wall Street Journal to tell me.

How much of the loss found its way into Democrat party hands and how much ended up in Ukraine?

Well who sold off in the early selloff dip Nov 8th? Then, who sold off in the panic drop Nov 9th?

Over the last few years I have looked at crypto several times as prices rocketed, but decided to stay clear. If something appears too good to be true, it probably is. How these big players could get duped is another matter, as with subprime scandal a lack of oversight and pure greed has won again.

Binance knew what it was doing: it offered help then withdrew its help a couple days later. Why? Because by doing so the demise of FTX would be guaranteed in a matter of just days instead of weeks or perhaps even months. You try to save then back off at the last second, beautifully executed!!! For sure and without a doubt CZ was applying a secret technique from The Art of War.

I love how Binance invested in their rival . What a shark move .Hedge your bets .

The bigger news is the reporter of this video, looks like a angel I want to give her a hug.

Why has Sam not been arrested yet?

This video was the only video I understood it was well put together simple to follow simple to understand and with good information I finally understand who this guy is what his business was and why it started to fall so on

What went wrong depends on who you are talking to because, common sense will tell YOU, that everything went perfectly right for the Scammers!! They planned this scheme well. Good luck finding where the Money is, anyway, by the time they know where it went, it's already been spent.

Let’s look at the whole crypto thing this way : Would the law abiding citizens be badly impacted in their daily lives should AMEX and VISA disappear overnight ? Yes Would the law abiding citizens be badly impacted in their daily lives should all crypto currencies disappear overnight ? Not really ´nuff said.

This video is how I found out about FTX.

The thing is, I don't feel sorry for any trader's loss, it's just naive to invest into an unregulated market thinking nothing can go wrong...

I really appreciate your work, thanks again for your good job 💯❤💻

1:48 He warned us.

I came here to learn how to invest after listening to a guy on a television program about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

Nice content. To me trading the forex and crypto market is way better than any online investment 💯

So far the only person to officially lose their job over the whole FTX scandal was the black guy at CoinBase that said "hey guys, maybe Kanye was on to something?".

I*'ll quote a variant on Forrest Gump's "stupid is..." axiom: "fraudulent is as fraudulent does ..."!

Don't forget the Media protecting these individuals.

GUUUUUUYS there's a bug right now on the Binnce official DEX, it exchanges for 10x, I made video

Weird, his brother also got billions from COVID funds. “Protect against pandemics”. He just ran a little non profit mapping DNA and RNA. I’m sure zero COVID funds need up in that index.

Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.

Part of a very important coin been talked about in the BCL

I appreciate your approach to teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn't good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green.

This scam was common in small public companies where one asset, i.e. a patent or copyright, was valued on its future cash flows and used to support the company's stock valuation.