Blockchain

CRYPTO – FTX Real Reason for $10 Billion Loss Revealed & SBF's Parents Now Implicated in Losses



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The First Bankruptcy Hearing for FTX has been held and Implicates Sam Bankman-Fried’s Parents as Real Estate including a Luxury Penthouse in the Bahamas is Registered in their names. FTX was the second largest CRYPTO Currency Exchange and is now in Chapter BANKRUPTCY with over 1 Million Creditors. John Ray, the Bankruptcy practitioner for Enron, has been appointed as CEO and his initial findings are that this is WORSE than Enron which was the biggest accounting fraud in USA history. In this video I provide more details on the FTX situation and discuss the failures surrounding the business.

For specific details please check out the CHAPTER list below.

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Chapters:
0:00 Intro
2:06 BANKRUPTCY HEARING
4:17 REAL ESTATE
8:40 FTC BUSINESS MODEL
13:48 NET INCOME
17:12 FTT
21:03 ALAMEDA RESEARCH
24:09 SUMMARY & CONCLUSION

#ftx
#crypto
#fraud
#china
#Belt&Road
#globalrecession
#globalfinancialcrisis
#russia
#Evergrande
#China
#Recession
#Zhenro
#Bonds

26 Comments

  1. Dear Joe. I have seen a lot of videos about Ftx, and I have to tell you that your video explaining what happened is by far the best video explaining with clear lenguage and perfect understanding what happened. Thank you so much. I listen now to all your videos.
    Best regards

  2. Sams parents belong to a group at the university they work at . It states that clever people should earn lots of money and distribute it as they see fit . A lot of money went to Ukraine , i am an amateur and know more than this guy .

  3. Every comment I make in YouTube gets deleted if I mention the controversial repurposed drug for preventing or treating the pandemic disease. People should know $18 million of stolen FTX money was used to bribe the research group that concluded that specific repurposed drug does not work.

  4. Mr Blogs – You appear not to done your due diligence and followed the money. You have been Yip’ed. Kamikoto Knives and Established Titles are part of a web of companies you really do not want to be associated with.

  5. Kamikoto knives… part of the Established Titles scam.. and you want us to buy crap knives passed off as quality knives… yea right.. you lost all credibility by promoting that crap.

  6. Always have thought that crypto currency is false, and investing is very risky. Proof of poor control shows just how quickly value disappears! πŸ––

  7. FTX = Friedulent Token Exchange. The Ontario teachers pension plan should sue their investment managers for not placing the 95 million in a tangible more stable asset/commodity like gold, silver and platinum instead. Allegedly, a lot of the cash went to good old saviour Saint Zelinski.

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