FTX Collapse Explained in 50 Seconds
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- Опубликовано: 27 сен 2024
- Watch the full video: • FTX: The Biggest Disas...
The biggest collapse in crypto history is happening right now!
One of the largest crypto currency exchange platforms, FTX declared bankruptcy with its CEO Sam Bankman-Fried stepping down amidst a trading scandal exposing how he built a backdoor in the company’s accounting software to move billions of customers’ money before customers withdrew over $5 billion that FTX couldn’t pay.
Their last hope was for their rival Binance to bail them out before Binance decided to pull out of the deal after FTX was exposed for mishandling customers’ money.
Rumors started going around that Sam fled the country and went to Argentina which he denied.
It got worse when the company lost 90% of its value, got hacked and robbed out of $600 million, and scammers took advantage of the situation by impersonating FTX and offering compensation programs.
It’s so bad that the current CEO described the situation as being “worse than Enron”.
Authorities are currently investigating potential criminal misconduct surrounding FTX’s implosion with a high chance that customers won’t get their money back.
This story is far from over, so watch the full video for the entire insane story..
#shorts #ftx #crypto
Watch the full video:
ruclips.net/video/g5bhY57lIGU/видео.html
"Dude,It's just a prank.Bro."
The prank:
He had a legit business in the beginning and was on his way to becoming the richest person in history. But sadly greed got the best of him.
The amphetamines killed his brain.
Worse than ENRON. Damn. That says it all.
😂
*UPDATE: SBF's investments in BTC have since appreciated so massively that there are enough funds to make complete restitution to most customers.*
Sam Bankrupt Fired
Yall haven't seen what Ken Griffin of Citadel is up to. It'll make the FTX debacle look miniscule.
Really????? That was so last year!!!!
Where in the Fartknocker hell have you been???
The video was posted last year 😂
Ouch
Worst than emron lmaoi damn
Damn
Creazzzy, creaz ye,,
At least at Enron they had an accounting and finance department, at FTX there was no such
Why would anyone buy crypto off a platform made by a guy that looks like this 😂
Right I like Robinhood hood CEO more reminds me of the matrix Guy 🤑
@masudsaleh5155 That's not racism, dude. He looks like he just woke up high on Adderall every time I see him. In the immortal words of Barney, he should have suited up!
This is why you always use hard ware wallets
America is not really the dream everyone thinks it is.
That was a pretty good summary for this old lady 👵now I just have to find one explaining cryptocurrency 😁
Binance is next.
You could bail have m out and give Giant bonuses for the fraud
This is worst then skimmer no refunds
Bankman fried
This was a really great video. Your best option is to make an account with *promo sm*!!!