What Happened To FTX? The FTX Collapse Explained

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Күн бұрын

What Happened To FTX? The FTX Collapse Explained. What Happened To FTX? What Happened To Sam Bankman-Fried? How did FTX collapse? What is the story of FTX? What is FTX? How Did FTX Fall? 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. This is FTX Explained. Sam Bankman-Fried, the founder of collapsed Crypto Exchange FTX, saw his net worth drop from $16bn to 0 after the collapse of FTX. 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. Sam Bankman-Fried, the FTX failed founder is still in the bahamas as a free man, for now! Watch the video to explore what happened to ftx and sam bankman fried's business. The Story continues: This is FTX Explained so you can understand all about the FTX crash.
Here's How It Happened
Vox Texts: www.vox.com/future-perfect/23...
Dealbook Summit Interview: • Sam Bankman-Fried Inte...
DISCLAIMER: 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!
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Пікірлер: 298

@HowItHappened Жыл бұрын

DISCLAIMER: 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!

@007Gord Жыл бұрын

Fraud should be treated the same a stock market fruad

@Jeff-sm8of Жыл бұрын

Trading is zero sum. Sbf lost so others gained. Who are they?

@jayanimel7551 Жыл бұрын

I have read the bio, and noticed only one site to refer to for readings. I was wondering if there are more readings to dive deeper into this issue.

@linroyhenry9564 Жыл бұрын

Opiiñoñ

@chrissheppard5068 Жыл бұрын

Just imagine you deposit money into your bank and they cannot even be bothered to record your name and account.

@theultimatereductionist7592 Жыл бұрын

I know, right, Chris?

@C0NR098 Жыл бұрын

@@tonycurcio4518 You tell em, Tony. Boo fucking Hoo and merry christmas.

@alexsteven.m6414 Жыл бұрын

..Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places

@belobelonce35 Жыл бұрын

All big corps are just a cohort of centralised system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.

@valeriepierre9778 Жыл бұрын

@Dave Delva Impressive! I've actually been looking into advisors lately, the news I've been seeing in the market hasn't been so encouraging, who's the professional coaching you?

@bernisejedeon5888 Жыл бұрын

@Dave Delva Thank you for this Pointer. It was easy to find your handler, he seems very proficient and flexible. I booked a call session with him.

@tmoneygoldd5662 Жыл бұрын

9:05 u know he knows everything. Just look at the pause and the delay process he try to put in a better way. It's a sign that he struggles to make his story more believable when u know he failed.

@ramptrading9287 Жыл бұрын

Bankruptcy is one thing, but robbing someone of their hard-earned US dollars from their bank account is, to me, extremely criminal and grand theft. save yourself your miserable attempts at an explanation and transfer the money back

@carolbenson6524 Жыл бұрын

I've only listened to this Sam now for about a week and I wouldn't give him ten dollars.

@Brownbeauty555 Жыл бұрын

Help me to understand why people invested millions/billions with a 30 year old. He basically stole all their money 😢😢😢😢

@mrtierney2 Жыл бұрын

People want to make money the easy way

@reggie4892 Жыл бұрын

Let the hundred of thousand of FTX investors determine his conquences for stealing not only their hard earned money but the future dreams of what these grandparents, parents, children and grandchildren will be deprived of.....

@HK-sw3vi Жыл бұрын

It's all apparent in retrospect. In the wake of FTX you would youve given him a significant portion of your wealth

@theultimatereductionist7592 Жыл бұрын

So if SBF's wealth is zero, why does he still have a house in Bahamas? Why haven't creditors taken his house and liquidated it?

@OpenAirOutreach Жыл бұрын

So they basically engaged in fractional reserve banking and there was a run on the banks.

@Daymickey Жыл бұрын

Right? That’s what I’m trying to figure out. Like it wasn’t a Madoff situation right?

@nykytamcdonald Жыл бұрын

Cant wait for Internet Historian to do a video on this

@TheFatcake1234 Жыл бұрын

same

@ChooseLoveToday316 Жыл бұрын

Wait.. the Ontario teachers put their 401k's into FTX? Oh boy..

@gushernandez25 Жыл бұрын

Thats ridiculous..

@darlenedunn5693 Жыл бұрын

yup invested $95M ... ouch

@fenco_gbp Жыл бұрын

@@darlenedunn5693 After losing some of my cryptocurrency to this FTX Scam, I found @RyanMossley. These guys are legit they helped me recover my lost funds. The team is also very knowledgeable and professional in their process. They were also able to offer advice about what I should do moving forward to make sure that this doesn't happen again. I would recommend these guys for any recovery case where cryptocurrency or other aspects concerns. My profile carries their name ☝️

@Brownbeauty555 Жыл бұрын

@@subarcadventures1491correct, it has to rolled into a IRA

@rhino6139 Жыл бұрын

I live in Ontario, and let me tell you, not many geniuses in our parliament.

@gushernandez25 Жыл бұрын

Sam didnt lose the money. He STOLE the money.

@andrewbochicchio4289 Жыл бұрын

What are you basing your slander comments on...stupidity

@Brownbeauty555 Жыл бұрын

Exactly, he’s 30 and fooled all those investors. He also paid off the democratic & Republican Parties.

@nosuchthing8 Жыл бұрын

Both

@gushernandez25 Жыл бұрын

@@nosuchthing8 the money is there...

@nosuchthing8 Жыл бұрын

@@gushernandez25 no, it's NOT. The acting CEO can only find a few billion. SBF gambled it away

@willanderson716 Жыл бұрын

This is a possibile reason why twitch of the Ellen show took his life. 😢.. He's rumored to have lost millions.. He was heavily invested in FTX.

@KingArthurk Жыл бұрын

Ex Credit Suisse data analyst says it all! All alarms ringing at top notch!

@fenco_gbp Жыл бұрын

After losing some of my cryptocurrency to this FTX Scam, I found @RyanMossley. These guys are legit they helped me recover my lost funds. The team is also very knowledgeable and professional in their process. They were also able to offer advice about what I should do moving forward to make sure that this doesn't happen again. I would recommend these guys for any recovery case where cryptocurrency or other aspects concerns. My profile carries their name ☝️

@HUMDUDE Жыл бұрын

He knows exactly what he did and should be in jail. Don't understand how he's not in custody yet.

@fenco_gbp Жыл бұрын

@bachblues2 Жыл бұрын

Well, the Ides of March applied . BINANCE also made a faulty risk asessment calculation . It did not realize that by liquidating its FTT position it was pointing to the emergency exit, where everyone else would go through an dultimately start contaminating BInance itself as push came to shove. domino effects I guess. BInance is now suffering the ripple effectgs of what they set on.

@surgen9499 Жыл бұрын

We're about to run a Reward , to have this Kid delivered . Kid owes us money , he will pay up in Full

@kimberlymartin4769 Жыл бұрын

personally,I think people should venture Into trading since the economic meltdown, having one stream of income is not really a good idea.

@cynthiakingsley Жыл бұрын

Well I totally agree with you.....if feels like people hate everyone with money like it's their fault that they are rich but it's funny if you want to remain broke.Why Don't the guard works 20 hour's a day and take risks in life.

@lesleyshelton126 Жыл бұрын

@@cynthiakingsley Nothing good comes easy in this world so either work for it or don't complain.

@maxwellderick182 Жыл бұрын

@@lesleyshelton126 Done been broke but when I tried trading on my own it only left me chasing Shadows.....to much procrastination .I think is the right time for me .

@benpeter1502 Жыл бұрын

@Berman Newton please can you tell me more about Bitcoin. trading,I want to start trading.

@carltonpeters Жыл бұрын

@@benpeter1502 Well I guess crypto is leading all around the global.I meet SofiaBucay 6 month ago in California she was attending a seminar.

@saintjoeblack Жыл бұрын

i think not just SBF but all of them should have been arrested on day one...

@fenco_gbp Жыл бұрын

@boris2997 Жыл бұрын

Don't forget that the most important part is that Larry David was right ✅ he's always right

@fenco_gbp Жыл бұрын

@churchofclaus Жыл бұрын

@@fenco_gbp hush

@kylejohnson8447 Жыл бұрын

@@fenco_gbp wow I’m convinced, do you take traveler’s checks

@chiefsmakahoe0444 Жыл бұрын

@@fenco_gbpcan I pay in 752,000 mcchickens

@ML-un1gr Жыл бұрын

Not sure why anyone is surprised at SBF stealing all the cash from FTX to Alameda. After all, just take a look at the name - Alameda. This was the name of the security firm from the movie Den of Thieves, which was used as a front to rob the Federal Reserve. Surely that should have sent alarm bells off, but apparently everyone was asleep at the wheel. Sounds to me like SBF planned and executed this right from the start, as the perfect heist.

@Brownbeauty555 Жыл бұрын

Agreed, this 30 year old master minded this whole thing now he playing dumb. Like he doesn’t know what went wrong. Oh, he’s now blaming his ex girlfriend 😢

@jayy1980 Жыл бұрын

Hahahahah well deserved by all the brainwashed cryptocurrency fanatics. You can trade crypto, but to believe it is a “saviour” currency is your own simpleminded foolish thinking

@outforbeer Жыл бұрын

I wonder how much andrew was involved. He may have been the true mastermind. Why so many shell companies

@mharm734 Жыл бұрын

When I buy a coin on an exchange I expect the coin to be purchased and stored not have a fake portfolio page updated with nothing I ordered bought while the ceo hands out my money like party favors to politicians and friends in between meth fueled orgies. I'm so glad I didn't put any money in the site. I'll continue storing my coins in my trezor model t crypto wallet thank you.

@nikkimae813 Жыл бұрын

You notice his SBF doesn't answer no immediately and then says the full question back "No I didn't know the money etc" that's sign of lying

@tylerdexter4038 Жыл бұрын

Sometimes I really wonder how people make huge profit investing in the stock market, I know investing is a legitimate way to gain financial freedom but how is it done?

@clintonj.johnson9879 Жыл бұрын

Having monitored my portfolio performance which has made a jaw dropping from $360k just the past two quarters alone, I have learned how some people make enormous returns from the market.

@colegaligger7072 Жыл бұрын

@@clintonj.johnson9879 Interesting. I wanna get something started with it. You seem to be doing excellent for yourself, how did you achieve this?

@josh5623 Жыл бұрын

It's really quite simple. You get rich slowly, spend less than you earn insure against disasters and invest wisely if you don't know how it's good to seek expert mentorship or you can just buy and hold an index fund every month and do nothing

@clintonj.johnson9879 Жыл бұрын

@@colegaligger7072 Am trading with Everleigh R. Carvalho, Met her sometime early last year at a start up funding event. She said some interesting things about the state of algorithmic trading today.

@romelindareyes7337 Жыл бұрын

@@clintonj.johnson9879 That's impressive. Are you giving her your capital or it stays in your trading account? how does it works

@ahwongwk Жыл бұрын

the way SBF say is like he has no idea what is happening in FTX...

@va7880 8 ай бұрын

Binabce CEO is EXTREMELY smart. He knew exactly what he was doing. Kudos to him and his whopping profit margins.

@TheIntrinsicReport Жыл бұрын

12:27 Sam's tweet has more likes than retweets?! 😲

@aliciakroeker3360 Жыл бұрын

He must like to consider himself ceo, he loves the ring of it.

@Sammasambuddha Жыл бұрын

Pitchforks and tiki torches. Let's ROLL!

@DreamerVic Жыл бұрын

Warren was right about crypto?

@georghelpenstein-michels6586 Жыл бұрын

"greed eats brain", isn´t that the slogan of cryto?

@SamSlugg456 Жыл бұрын

Sfb and the fyre festival guy should link up and work on a project together

@victorybeginsinthegarden Жыл бұрын

The should sell the same jail cell

@Sammsy1126 Жыл бұрын

This is always one of my favorite parts to watch.. 9:18

@noahparfitt5151 Жыл бұрын

👏

@anonymous.youtuber Жыл бұрын

What about the SEC ? Is it corrupt or is it incompetent ?

@Mikathedog100 Жыл бұрын

The crypto spamming and scamming in these comments is insane

@philliphead8760 Жыл бұрын

Money and wealth does not grow on trees as promised by these criminals. It’s the most basic logic on the planet. So it good that people lost their money. Maybe they just might learn a lesson from this. So if you don’t know how something works and nobody on the planet can explain it either, then most likely it’s a bad investment.

@pretorious700 Жыл бұрын

"SBFs' personal worth went to zero" Yeah, right, sure it did.

@fenco_gbp Жыл бұрын

@journeyman6752 Жыл бұрын

I invested in Ponzi Coin at the right time and I mean BIG TIME. Thank you SBF. It was just an embarrassing mistake, that's all. Carry on.

@reggie4892 Жыл бұрын

Why thank such a SOB for his actions? He deserves what he did to we the INVESTORS in FTX.

@eaglesfly7915 Жыл бұрын

That's were the powerball went in California to recover some of the lost

@MLProductions.1 Жыл бұрын

I still don't get it. I understand he did a rug pull and basically was using people's money on bets that not everyone will cash out at once and didn't actually have there money. But if it was unregulated how is he in prison?

@mingxuanfan Жыл бұрын

How come I’ve never heard of this until he’s arrested.

@gerhardkutt1748 Жыл бұрын

Any Crypto currency needs to fulfill a need and do something - either as an method of exchange of goods or services, like money. The goods or services could be very specific, but it needs to do something - move something - but cannot just be some empty token or brand. If it doesn't move it is useless - stay away. Bitcoin was always a collector's piece. It is used as a transaction tool, but not enough. There are only 27 million of them and it was just a game. Ethernet is a system that moves stuff. The danger in Crypto is people get duped into what it could be rather than what is actually is. If the Crypto does not constantly move - it is worthless. Beware those who dabble and do not understand. Crypto will eventually take over from Fiat currency, but the state of integrity with Crypto is almost non-existent, because the majority of the players / creators have no integrity.

@randomizer1666 Жыл бұрын

Currency needs to be relatively stable in price, or it is useless... If the relative price of a currency can change between the time you buy something, and the time the person who you paid goes to restock it is too dangerous for the merchant to use.. No one in their right mind would buy something expensive if the difference of a few days decides whether they paid $10 or $1000 relative...

@Butchaboy_Philadelphia Жыл бұрын

You are absolutely right. Crypto is bs… if it doesn’t move it’s worthless… I agree and now my eyes are open.

@obotish1981 Жыл бұрын

I see a movie about this like the summer of 2028

@andreinarangel6227 Жыл бұрын

He'll plead guilty in exchange for a 17-20 year sentence.

@Kaplan_Fx Жыл бұрын

Not at all

@leonardmayer2362 Жыл бұрын

Let’s exchange SBF for Paul Whelan in Russia.

@benjaminsong3155 2 ай бұрын

I am so appreciative of what you and your colleagues do to hopefully save people from the pond scum people out there trying to scam unsuspecting victims. to you and what you do. #RetrieveCracker God Bless and please keep up the good work!!

@roc7880 Жыл бұрын

This is the Theranos of finance. They fooled big institutional investors who should have known better and show due diligence.

@mushroomg8374 Жыл бұрын

"Aaaaaaa" damn you

@tonekramer9 Жыл бұрын

I’m so glad I’m a older poor man and stupid so I don’t jump on the first new money making investments that I don’t understand and that just doesn’t look right praise God for that

@craigstoldt9172 Жыл бұрын

This is BULLSHIT why in the hell is this guy stIll walking the streets thier is a lot of people that lost their life savings. Just because he gave a lot of money to BIDEN. I think nothing will happen

@darkketchup8883 Жыл бұрын

its like all of the accounts in FTX was scammed..

@jamessmyth5949 Жыл бұрын

People are now concerned that they've lost all the money they invested in crypto through FTX. But how many of those same people got sucked in by the marketing hype and supposed easy money instead of doing proper due diligence and taking advice from reputable people in the industry about their investment strategy? The saying holds true that if something is too good to be true it generally is.

@reggie4892 Жыл бұрын

how can anyone explain what happened to FTX when SOB claims he doesn't know himself?

@trapstar4191 Жыл бұрын

I hope he doesn't go away to jail for a long time, he should sell his story to Hollywood.. we need FTX movie asap

@lug.5329 Жыл бұрын

Headquartered in the Bahamas? Run.

@iLoveBoysandBerries Жыл бұрын

Marshmellow finance is the new FTX fraud. Stay away from Marsh scam

@gushernandez25 Жыл бұрын

FTX now joins Enron and Theranos

@pretorious700 Жыл бұрын

And Madoff

@theultimatereductionist7592 Жыл бұрын

@@pretorious700 And Musk

@stevenmitchell4702 Жыл бұрын

I make money the old fashioned way “ I EARN IT” !

@ivanzamudio5333 Жыл бұрын

And they say sociopaths are good looking and smart

@dejonc6z Жыл бұрын

MANNN I CAN SEE SOME PEOPLE NEVER WATCHED A PONZI DOCUMENTARY 🤣🤣🤦🏿‍♂️

@leonardmayer2362 Жыл бұрын

SBF is incompetent as investor. He failed to make profits for investors in his firm. I would never invest in a firm that he manages.

@diegoma5584 Жыл бұрын

The old dude got paid for saying the truth

@gordons-alive4940 8 ай бұрын

No math. Be comfortable with risk. Make sure to siphon off a few million or billion for yourself. For altruism, of course.

@surayacun24 Жыл бұрын

3:00 That the most nerd face in real life i ever seen. 🤫🤫🤫

@gaminghellfire Жыл бұрын

It's all nas dailys fault

@rudymurillo1693 Жыл бұрын

Nah imagine FTX being regulated like BAnks Yeah that would mean more bailouts Let the free market destroy shitty people from doing business again. And yeah that should go to banks too

@donmilland7606 Жыл бұрын

What were his connections in order to pull this. Where did he learn all this being so young? Daddy's friends? At colllege? Goldman Sachs? At Temple? He's gonna needBernie Madoff's prison coach?

@shadowki1647 2 ай бұрын

SBF got 15 years for swindling and another 10 for putting his bs company on Lewis Hamilton's car! 😮😂🤣

@honestboy4 Жыл бұрын

If you can't trust Banks who are more open then why would you trust some youngsters? Oh because you are greedy.

@raleighboyz5106 10 ай бұрын

he was not worth 32b..he only had billions of other peoples money in his care.

@tradergirljam Жыл бұрын

The whole thing was a scam since inception.

@aloesecretinc 11 ай бұрын

Sams demeanor, body movements scream he's lying. He stole the money.

@keno6391 Жыл бұрын

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

@joytrucker5709 7 ай бұрын

Poor guy lost everything for making one wrong decision. So sad!

@avkay12 7 ай бұрын

Poor guy? Really?

@joytrucker5709 7 ай бұрын

@@avkay12 come on now, nobody's innocent. You are all in it to kill it. Your leader has fallen, now mourn your loss.

@nosuchthing8 Жыл бұрын

Gambled away the money

@rhino6139 Жыл бұрын

And people say Kanye was wrong.

@clairetremont6751 Жыл бұрын

I think to be in the upper echelon of successful traders like Mr Matej Novak requires an innate skill, a gift. It`s just like being a great violinist. But to be a competent trader and make money is a skill you can learn.

@onwardbills586 Жыл бұрын

I stumbled across one of their testimonials and decided to try them out. I am expecting my third payout in 3 days

@karenboyle4304 Жыл бұрын

Do you mind hooking me up with him? I'm new to this

@graphicsdeveloper4920 Жыл бұрын

He’s a reliable and consistent trader, I referred my colleagues and they already gave me feedback concerning their payout

@graphicsdeveloper4920 Жыл бұрын

@@karenboyle4304 ohh, you can text on his Telegam page with the user name below

@graphicsdeveloper4920 Жыл бұрын

@Tradeexpert_mn That’s his username

@JavierRamirez-lx4ev Жыл бұрын

It’s Tom Brady’s fault 😢

@SG-dg6oi Жыл бұрын

hey this is me from the future April 2023.......... uh, he's a crook!

@knightrider693 Жыл бұрын

Binance invested in ftx but when it started to becone too much competition for them they caused it to collapse

@SR-pr2xz Жыл бұрын

Right.... It's CZ faulty that a competitor (like all crypto) is nothing but a Ponzi scheme

@Sundog0811 Жыл бұрын

The danger is I'm unregulated CENTRALIZED organizations.

@garycollingwood4002 Жыл бұрын

" dumb drugs people "

@TheFatcake1234 Жыл бұрын

People really trusted a guy who runs like that?

@craighardy1753 Жыл бұрын

lol

@collinbuckley3356 Жыл бұрын

how could you trust any man that talks like that

@prateeksarin3555 Жыл бұрын

Main Hoon Fraud seriously 😂

@dee9144 Жыл бұрын

not 1 mention about all the political contributions what the fuck?

@iLoveBoysandBerries Жыл бұрын

FTX will bounce back. Sam is an honorable billionaire mastermind... Today is opposite day

@pretorious700 Жыл бұрын

I get sarcasm.