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    EXPLAINED: Crypto's 'LEHMAN MOMENT' With SBF, FTX COLLAPSE



    Saagar Enjeti gives his analysis of the collapse of a crypto exchange called FTX that recently went down in flames.

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    View 40 Comments

    40 Comments

    1. bledback2life on

      We can have all the latest and greatest tools/technologies at our disposal, but none of these solve the central problem: human greed.
      And in an industry that is unregulated, the greediest and nastiest of sharks roam free – with zero transparency and accountability.
      The core appeal of crypto is decentralization. And yet, the industry is controlled—monopolized—by greedy conmen you have no way of tracing: conmen who can get away with it, because they are anonymous. How’s that decentralization working out for you then?

      Now all who have been scammed are crying out for the authorities to step in and save them, and for regulators to prevent future meltdowns. O the irony.

    3. Chris J on

      the poetry that a guy named Sam Bankman-Fried is one letter removed from S(c)am and has literally fried a bunch of BANKmen and investors.

    5. Dipesh on

      Did you wokes achieve a fair society yet? Democrats won senate.does this mean crypto will be fair and the climate will be saved..with a manchin vote? 😂

    7. T K on

      Isn't he the second largest DNC contributing person? Bet they won't return it. All those other YT grifters pumping up FTX need to be called out too. Anyway, never like guy that appear not to comb thier hair.

    12. Chuck Waggun on

      Why are you hiding that my tax dollars were sent to Ukraine so they could invest in FTX thar turned around and supported the DNC? BP covering for their corrupt donors.

    17. lue mob on

      This monologue on SBF and the ongoing drama. You left out a key detail which is CEX’s are not the same as custody of Bitcoin and Ethereum all users have access.

    20. GBH on

      Absolutely missing the trick here, Saagar. Alameda was funded with client money and most likely went bust in the earlier part of this year. I've seen Twitter posts (can't remember where), of those who analyzed the blockchain and saw that SBF bailed out Alameda with client funds. Alameda is run by Caroline Ellison, a Harry Potter cosplayer lookalike and daughter of an Economics professor at MIT who happens to have been Gary Gensler's boss. Gensler and SBF are rumoured to have been in contact over the summer as well, given that all these key players are linked to the Democratic Party. SBF even has family that are linked to the Dems. No doubt Binance likely had an inside track, being an early investor in FTX and decided to precipitate a collapse. I wouldn't rule out a nudge from CCP to CZ to begin the chain reaction.

      SBF will likely get no time, nor will Ellison or any of the others leading FTX. He'll disappear with all the money drained from the wallets over the weekend and then perhaps broker a deal to make sure none of the transaction data in FTX ever sees the light of day. Don't want proof that Ukraine laundered tens of millions of dollars via the exchange.

    24. Jorge Hernandez on

      This doesn’t have to do anything with Bitcoin in fact they didn’t even own any Bitcoin they where just selling IOUs and taking huge amounts of risk with customer funds.

    28. fuxluck1 on

      That's cool. Sure glad I own things that are actually worth something. Ya know, like property, tools, food, self reliance skills. If I can't hold it in my hands, it's worthless.

    30. Andy S on

      I too thought early on that crypto and blockchain use cases would be great. not long after, it became about making money and grifters and old school finance started getting involved. the last straw for me was NFTs. it almost always has nothing to do with the blockchain.

    31. End Censorship on

      The dog that didn't bark in this story is the Ukraine money-laundering angle: FTX founder is the biggest D donor … the D party is sinking $Billions into the Ukraine war … Ukraine is skimming the money to buy FTX … FTX uses this money to donate to D causes … Rinse and repeat.
      All I know is that if we had a real journalist class that wasn't bought and paid for by the D/R Uniparty, we might see some real reporting on this.

    32. kekara Vine on

      I love the grounded reality of this channel.. TA is all well and good but I find it truly baffling that all major crypto YouTubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets. More emphasis should be put on day trading as it is less affected by the unpredictable nature of the market. I have made over 1.8btc from day trading with Kenneth Henry insights and signals in less than 2 weeks, this is one of the best mediums to backup your assets in case it goes bearish. <The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is the right time to invest? before jumping to a conclusion I think you should take a look at things first.. while others still continue to trade without the fear of making a loss, others are being patient. it all depends on the pattern with which you trade and the source of your signal. You can reach Kenneth Henry on ͲeIєɠɾαm
      👉👉
      (kenhenrytrade) He runs a program for investors/newbies who lack an understanding of how trading Bitcoin works.

    35. Seth TrapLife SODMG 999 on

      Everyone look up "reallygraceful" on YT. Her new video on FTX collapse mentions what most refuse to. SBF is connected to the D N C establishment. The UK raine government, bill g ates and his failed H I V research. And much much more.

      There is ALOT more to this story!!!! I'm busy at work so idk how much saagar mentions but judging off BP lately I'm gonna guess very little

    36. Tegan Seitz on

      Great coverage Saager. This story has many layers to it and lots of fishiness. Between the effective altruism stuff, relations to our regulators, him being very active in Washington and having close ties to SEC commissioner Gary Gensler through Caroline Ellison at Alameda. Conspiracy theories all around, I'm interested to see how it plays out.

      Not your keys not your crypto!

    37. Eden V. Vlatko on

      You should do some research and reports about Binance, Binance is a Chinese company, most people in crypto use them and blindly ignore warnings from actual crypto traders who keep warning about Binance

    38. Bear Merica on

      I pulled out of FTX when I found out he supports Biden. He gave almost 40 Millions to their midterm campaign. I say hahaha to you people! You deserve it. Too bad the Democrats don't have to pay the fraud money.

    40. Alex Bradley on

      His entire family is involved with the government (look at his Brother, Mother and Aunt) same with his girlfriends, stop acting like this wasn’t a money laundering scheme

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