Crypto exchange FTX and its founder Sam Bankman-Fried were some of the crypto industry’s brightest stars. But that changed this week when FTX faced a liquidity crisis and froze customer withdrawals. Now regulators and investors are raising questions about financial practices at FTX and a sister firm, Alameda Research.
WSJ crypto reporter Vicky Ge Huang joins host Zoe Thomas to explain what happened and what it could mean for the wider market.
https://www.wsj.com/articles/crypto-exchange-binance-agrees-to-acquire-rival-ftx-11667924737?st=o689sm1qhxiujmb&reflink=desktopwebshare_permalink
https://www.wsj.com/articles/ftx-tapped-into-customer-accounts-to-fund-risky-bets-setting-up-its-downfall-11668093732?st=smf56upix8cqvgs&reflink=desktopwebshare_permalink
Photo: Dado Ruvic/Reuters
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33 Comments
The entire crypto market is a ponzi scheme.
I can see his side body shaking that mean he is cooking something
Becoming a millionaire definitely isn't easy,
Building a business and investment starts with
believing you can do it! And that's why investing
in the financial markets is really good
Another massive fraud by a typical Democrat.
What an excellent week. The MAGA Republicans are a washout at the midterms, The Russians just got kicked out of Kherson by the righteous Ukranians, Musk is rapidly throwing the $44 billion he spent on Twitter into a volcano and finally it looks like crypto currency is turning into the Dutch bulbs we all knew it was worth all along. Hurrah!!
👆 – BEAUTIFUL GIRLS HERE 😘💋p💌
Sam Bankman-Fried is the still the bedrock of cryptocurrency. He is the salvation. The Alpha and the Omega.
The problem with crypto exchange platforms is that if you do not balance your assets and liabilities, things will definitely get callous to your business. Solvency in crypto exchanges is no joke
Random thoughts from Australia. Knew this would happen. Crypto is a scam and I so don't feel sorry for those losers who invested in it. What a bunch of dummy heads. Don't feel sorry for stupidity!!!! Cheers.
Wait, what? Mopes holding the bag again?
Try buying a house with crypto or your water bill.
Big house of cards . There is only space for one.
Dude, the crypto winter was already going to be long. It's a volatile asset, the regular market probably won't get better until mid to late next year at best – assuming the geopolitical situation improves. So realistically you're looking at 2024, probably. So anyone expecting crypto to pickup before the last three or so months of 2023 – likely far later, as in 2025 – is an idiot.
He got fried
I've been buying bit coins since 2010 and monero since 2014.
We want more monero's more bit coins, this is all good news people, just keep buying and thank me later.
3:42:50 Can we just take a moment to congratulate how much time and work was placed into this videos!?
It's great, and I think they justify more than that 😄
For real though go read about the technical for each coin before investing… If you are not a programmer learn the basics… I cringe at all the people investing in crypto without knowing the tech.
If your one of those people at least stick to bit coins and not alts lol.
I invested my first sum (in crypto) last week… R.I.P.
$14,000 weekly profit irrespective of the economy downturn, crypto investment has brought me great achievement in life
Happy this crypto scam is over.
This is what people get for investing they're money in this bs.
Just wait until tether crashes… this is nothing
It must feel terrible to have a huge portion of your savings invested in something and for it to flip on you over night without much warning. These types of schemes and scams have been apart of history time and time again, and without looking at history, seeing how we put value in all sorts of "things" in order to create a form of exchange, the average individual that lives in the present would never know any better.
Ponzi Scheme.
Everything you said on this video is clearly💯 with the bad recession I still earn about $70,000 monthly I want everyone to learn and invest in bonds and crypto you've to invest what you can loose
In "the industry" haha
Tom Brady investment was in FTX, when you’re down you also get kick in the head.
Bernie Madoff would be proud of this scam. He's rolling in his grave right now mumbling 'Why didn't I think of that?!"
Remember … Not your keys … Not your coins… Get your bitcoin off exchanges…now
Crypto clowns deserve to lose everything. It was an obvious scam to anyone who isn't a greedy moron.
Tech people should do tech things.
Business people should do business things.
Tech people doing business things don't usually work out.
Hello, I'm a Beginner, Please how can I earn profit in Crypto currency investment without incurring losses, it's really disheartening 😔🤔
Winter? You mean Ponzi Scheme
👍👍💀☠️