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The FTX Collapse, Explained | WSJ What Went Wrong
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2,124,819 Views • Nov 14, 2022 • Click to toggle off description
Former CEO Sam Bankman-Fried was hailed as a savior of crypto before FTX’s implosion.

Cryptocurrency exchange FTX was seen as a survivor in a struggling industry, but over the course of six days the exchange collapsed due to a sudden liquidity crunch. WSJ explains the factors that drove FTX’s growth and what led to its downfall. Illustration: Alexandra Larkin

What Went Wrong explores the challenging conditions and decisions that led to a company's downturn.

FTX’s Collapse: The Three Key Points on the Largest Crypto Bankruptcy Ever:    • FTX’s Collapse: The Three Key Points ...  

#WSJ #FTX #crypto
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Views : 2,124,819
Genre: News & Politics
Date of upload: Nov 14, 2022 ^^


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RYD date created : 2024-05-15T00:42:21.161606Z
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YouTube Comments - 4,387 Comments

Top Comments of this video!! :3

@wsj

1 year ago

FTX’s new CEO says he’s never seen “such a complete absence of trustworthy financial information…” in his career. So what’s next after FTX’s bankruptcy filing? WSJ breaks down the three key points around the largest crypto bankruptcy ever: https://youtu.be/kCM-agH1aGM

233 |

@southernfriedkiwi6340

1 year ago

It's called money laundering and kick back money to politicians, people.

664 |

@thecalebgibbs

1 year ago

I love the "nobody could have seen this." Everyone with a brain has said this is exactly what would happen many times.

550 |

@Briguy1027

1 year ago

I've never invested in crypto because I've never understood it. Even if this didn't happen, I still wouldn't understand anyway.

43 |

@macdaknife5160

1 year ago

When this whole crypto thing got started, I warned everyone I knew to stay away. You’re investing in nothing, and nothing is what you’re gonna get in the end!

47 |

@dayneamyx5916

1 year ago

The funny part about crypto, is its basically repeating problems the financial institutions went through. Bank runs, how to classify assets on the BS etc.

719 |

@OPTICXPROTOTYPE

1 year ago

They have to make an example of SBF and give him the maximum penalty for this kind of violation of trust.

969 |

@lyubovmatyushkina2713

1 year ago

Deymon spend hours each day to ensure that something of value is released into the world that has impact on those with an interest and desire to be a part of this platform.

34 |

@Swagface64

1 year ago

As J.P. Morgan’s father, Junius Morgan, once declared: “In making haste to be rich, how many fall, slow and sure should be the motto of every young man.”

73 |

@chessdad182

1 year ago

Those investing channels really bowed to him. He wasn't JP Morgan, he was Bernie Madoff. LOL.

408 |

@xxyanlixx

1 year ago

This could be the fastest hero-to-zero in history.

211 |

@kekw6349

1 year ago

Great work 𝗨𝗣𝗙𝗥𝗢𝗡𝗧𝗛𝗔𝗖𝗞𝗘𝗥𝗦 so glad you are out there fighting these lowlifes. We need to do all we can to spare the elderly and the general public from these despicable scammers!

594 |

@abdulsamar446

1 year ago

When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health.

230 |

@gra-yan4515

1 year ago

Eh, after I lost 40% on the FTX drop I decided to keep a closer eye on crypto and my portfolio. So I downloaded the crypto portfolio app. I advise you to do the same

242 |

@bauttiet.h.u.g.5900

1 year ago

It appears giving someone a label/labeling someone a genius is easier than actually being a genius.

76 |

@ExxonMobilCompany

1 year ago

Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.

203 |

@velayuthman

1 year ago

A round of applaud for the great analysis and breakdown of personal perspective. I woke up to the sad news by FTX. The market circumstances are driving me insane, my portfolio has lost almost $18500 this month alone, my earnings are tanking, and I can't see how my retirement will go smoothly when I can't even increase my stagnating reserve. I wonder whether those who lived through the 2008 crash had it

624 |

@jbone877

1 year ago

"No one could have foreseen -" he literally described what he was doing, on a podcast, more than six months ago.

85 |

@etobillion7805

1 year ago

"anything big that starts big is a call for concern". i will never forget this quote from an entrepreneur who made it big time.

192 |

@agasenkimsin6412

1 year ago

always great info. thanks for sharing.

1 |

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