Скачать или смотреть FTX Explained in 1 Minute ⏰

Watch my video here for a full explanation of the FTX Fraud:    • FTX: The BIGGEST Crypto FRAUD Ever (Worse ...  

This video will explain FTX fraud in under a minute.

FTX was a cryptocurrency exchange that went bankrupt after a leaked report revealed that FTX CEO Sam Bankman-Fried’s other company, a crypto hedge fund called Alameda Research, owned tons of the FTT coins that FTX had created. This revelation made it clear to people that the two company’s finances and balance sheets were too closely entangled and caused a run on the bank situation as FTX investors quickly began to withdraw their crypto from the exchange. As the run on the bank continued to get worse, FTX froze withdrawals and it was revealed that FTX no longer had the ability to return all customer deposits. It then became clear that Sam Bankman-Fried had been secretly commingling funds and using FTX customer deposits to make crypto trades through Alameda Research.

#ftx #sambankmanfried