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FTX, the cryptocurrency exchange recently valued at $32 billion dollars, has filed for bankruptcy protection in the US.
The filing in Delaware federal court on Friday included the main FTX international exchange, FTX US a US crypto marketplace, Sam Bankman-Fried’s proprietary trading group Alameda Research and about 130 affiliated companies.
In today’s video we discuss what went wrong at FTX, and discuss the influencers who pitched FTX to their audiences.
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36 Comments
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Plus a wood nymph? lol ah yea that's why I watch this guy.
Note to self, the more a financial manager mentions childish amusements (e.g. Harry Potter, League of Legends, etc), the less you should trust them with anything of value.
Amazing Analysis and content, congratulations!. I’d love to see some analysis of main crypto exchanges running right now, see if they have the same red flags FTX had.
I like your suits sir..
Patrick : "and what do children know about 💰"? Playing Monopoly 🤑 is
fun….
Funniest channel on YouTube!
"Sam Bankman-Fried" is an anagram for "Barfed Manna Skim".
For years people have looked at me like I was crazy when I said crypto is nonsense.
No one can kick people when they’re down in such a civilized manner!
I'm gonna start a crypto trading company, but I'll dress up like Loki, please give me $50M USD for series A funding.
The whole thing just sounds like a recipe for catastrophe. Love Patrick's delivery
FTX was a bubble and bubbles always burst. Saylor destroyed a good company with excessive greed.
New Balnace does make nice trainers
Funny brilliant man
Love the humor lmfaoooo
great stuck Patrick! so informative !
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.✅
Patrick, I usually love your reptoring, but this video is strange.
You're making a lot of criticisms on dressing as a sultry wood elf. Halloween was just 11 days ago. You haven't posted any pictures of your costume. That's curious. I think there's a lot more to the subplot than you admit. Could there be some deep-seated jealousy that your Halloween costume store didn't have this necklace or the crown in that LED color?
Damn! Patrick is being a real bitch this video. Throwing all of the shade 😂😂😂. Keep it up! Call out all of the funny money.
Crypto scams turns out to be some sort of scams. Who could have known? Gilded hot potato rots.
Anyone else not lose everything today?
I just love Patrick's dark humor 🤣
He’s got to a stand up bit.
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.✅
Patrick, I’m 75 years old, for whatever that’s worth, and pretty highly educated, again FWTW, but I just had to tell you: you totally crack me up.
hahaha i love that youtube and laughed so much
Every time you promote your sponsor I feel dirty and need a shower.
Gee if only the people who weren’t comfortable with self custody had a spot btc etf to invest in. Instead of leaving it all on an exchange.
What are the odds that his 'origin story' regarding arbitraging East Asian and US crypto exchanges is bulls**t?
god bless ya Padraigh
You are HYSTERICAL!!! Love your commentary in all it's forms. Keep it up👍
"…the head of risk managment at FTX was another teenager.."🤣
you mentioned wood nymph a few times, but I think you should be more clear and say sultry wood nymph. Sometimes I forgot which wood nymphs you were talking about
Shame on u for the New Balance!
FTT is basically a ponzi scheme with extra steps