What happened at FTX and how will it affect you?

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FTX just blew up and it the after effects of it will be felt for a while. In this video we will talk about what actually happened, who are the folks involved and how will this affect you?

Sam Bankman Fried along with his rumoured girlfriend Caroline Ellison who was also the CEO of Alameda research, a quantitative trading firm that used customer funds from FTX for trading are at the center of this whole saga.

Whiteboard: https://www.canva.com/design/DAFSQmXr9Is/EXxUpr_l3FosTN3jiphouA/view?utm_content=DAFSQmXr9Is&utm_campaign=designshare&utm_medium=link&utm_source=publishsharelink Summary: https://www.investopedia.com/what-went-wrong-with-ftx-6828447 https://www.coindesk.com/business/2022/11/02/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet/ https://twitter.com/cz_binance/status/1589283421704290306 https://www.reuters.com/business/finance/crypto-exchange-ftx-saw-6-bln-withdrawals-72-hours-ceo-message-staff-2022-11-08/ https://www.coindesk.com/business/2022/11/09/binance-is-strongly-leaning-toward-scrapping-ftx-rescue-takeover-after-first-glance-at-books-source/ https://fortune.com/crypto/2022/11/10/sam-bankman-fried-empire-forced-fire-sale/ https://www.coindesk.com/business/2022/11/17/new-ftx-boss-condemns-management-of-the-crypto-exchange-during-sam-bankman-frieds-tenure/ https://coinmarketcap.com/view/alameda-research-portfolio/ https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf

Timestamps: 00:00 Intro 00:33 Who is involved? 01:11 What actually happened? 04:52 How deep are the FTX roots? 06: 25 What should you do? 07:57 Conclusion

#ftx #alamedaresearch #collapse

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