Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion.
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. Illustration: Alexandra Larkin
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FTX’s Collapse: The Three Key Points on the Largest Crypto Bankruptcy Ever:
#WSJ #FTX #crypto
Link do Vídeo
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: https://youtu.be/kCM-agH1aGM
Seeing how this man dressed while being around other business leaders should have been a huge red flag 🚩
He's a socialist promoted by socialists in media and gov't who will now use this to impose more socialism
Hit 120k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in January 2022. ❤️
Thanks for the old news wsj
WHAT IS THIS WOURLD COMMING TOO IT'S A SCAM
That's why i don't invest in bitcoin.
democrat cash cow aint no more
Despite the economic downturn, I'm having the best time of my life financially. Earning over 83k dollar in the last 2months with an investment of 19k dollars Money can be made even in a bear market. Make the most of it.
Like's 17000 to 1.3m views, and full of fake comments?
Despite everyone's fears that the market will decline, they refuse to profit from it. My decision to invest in Crypto Card projects that have their own tokens, such as BNB and UTED of United Token, was the best one I've ever made in my life.
His eyes are so honest like the democratic party member eyes.
These Days Nothing goes Wrong Everything is a Planned Exit when it comes to the Corruption Modus Operandi by Governments & Corporates. Nobody goes to the Gallows for their Evidenced Crimes & is Laundered to be Reenacted & presented as an Honorable Business Enterprise.
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!
I will forever be indebted to you, You've changed my whole life and i continue to preach about your name for the whole world to hear you've saved me from a huge financial debt with just little investment,Thanks so much EMILY JOHN.
Hey bud, I just wanted you to know that everything you do is necessarv and thank vou so much for what vou do. It's more than just a recovery service, you're helping people. You're actually the push for me to get my degree in Information Technology so that I can protect people from heartless people like this.
Thank you for all you do JUNICTECH, you're a genius with a big heart and principles. Support and respect from FRANCE.. 🇫🇷
Hey bud, I just wanted you to know that everything you do is necessarv and thank vou so much for what vou do. It's more than just a recovery service, you're helping people. You're actually the push for me to get my degree in Information Technology so that I can protect people from heartless people like this.
Thank you for all you do JUNICTECH, you're a genius with a big heart and principles. Support and respect from FRANCE.. 🇫🇷
Yeah, the WSJ is the worst publication to get investment knowledge.
FTXxxxxxcoooonnnneeeecccctttt.
I'm glad i didn't know about ftx
sam still hasnt been arrested why is that? bigger scandal for the democrats if this guy is investiageted
he's the kind of guy that would use his first wish for more wishes lol.
What makes crypto valuable? I would argue that NOTHING. It is but a supposedly clever computer validations called the Block Chain. But what do you validate against something that is essentially thin air?
In the early days of civilization, when humans began to learn to trade. But it was more bartering than trades. You bargain for a sag of potatoes for a couple of chickens, something like that. This meant that there was something tangible in the exchange. But as we became more efficient at producing/farming, we get excess produce. You don't want a warehouse full of potatoes, or to build a new chicken shed to keep the extra chickens, you exchange "tokens" or cash as we know it. Tokens i the form of hard to get items such as seashells, or even carved stone rings.
Fast forward to 2022. The modern society is pumped full of steroid in the form of cash, or excess capitals. People with excess cash, or those who believed that it is possible to get rich very fast without actually having to work hard for it, took the baits in the form of Crypto. What amazed me most is that even the supposedly seasoned investors and investment "gurus", also took the baits. They ignored the basic of economy…you can't create wealth from thin air.
Bernie Madoff took advantage of rich people and died in prison. I wonder if any of the Crypto scammers will ever be caught because they are out of reach of law enforcement.
Y’all wanted no regulation…ya got it