The Fake Genius: a $30 BILLION Fraud.
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Sam Bankman-Fried (SBF) was supposed to be a billionaire genius running the world’s largest Crypto exchange: FTX. In only a few weeks, his $32B empire crumbled, leading to his arrest. In this video, we unravel one of the decade’s most significant cases of financial fraud.
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🚨 UPDATE: SAM BANKMAN-FRIED FOUND GUILTY OF ALL COUNTS OF FRAUD AND CONSPIRACY, after a month-long trial. Sentencing will be in March 2024.
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I can't stop laughing. At everyone.
<<<Criar mais uma fonte de renda nestes tempos difíceis é o melhor a fazer. Além de garantir retorno, também ajuda você a planejar e economizar para despesas futuras. Pode ser muito difícil fazer um investimento sem um conhecimento ou orientação sólidos, por isso é aconselhável trabalhar com um consultor de investimentos.>>
Nothing more than a soy boy. Just listen to his effeminate voice!
Engaging in an individual market option is fair, but its performance level can’t generate high dividends. Diversification is the secret to optimal performance, that’s why I have my interest set on options based on projected growth and performance._
As for your sponsor maybe thats fine for pc users but there is free form. Anyone investing even a dollar to this crypto crap is a fool. Crypto is NOTHING MORE THAN FAKE MONEY. Fake money has NOTHING that is backing it and its not even tangible! How the heck do we go from trading goods to silver and gold as money to trading fake money??!! Insane!
Engaging in an individual market option is fair, but its performance level can’t generate high dividends. Diversification is the secret to optimal performance, that’s why I have my interest set on options based on projected growth and performance._
Great video!
Never trust a League of Legends player
SBF failed to adapt to the epic crash following Crypto Mania. If he had made all of his shady bets during the upside when everyone was giddy with euphoria, nobody would have called him out.
nice vid
The fucking thing is unwatchable. Not because of the content, but due to the blind greediness of the channel and the ridiculous number of ad breaks. Every 2 minutes is nonsensical.
Choose your crypto wisely. BTC is not functional as a currency and has no real enterprise uses. BTC is too slow, too costly and will not scale. BTCs only value comes from mining and it is on a loosing track. Right now the energy cost eats up 55.27% of the returns. What happens in Apr. when it halves again? If the price is the same the energy cost would be 110.54% of your profits. Energy cost are increasing. Also way better crypto out. “Hedera Hbar”. It is adopted by some of the worlds largest companies and has done over 28.6 billion transactions. Over 187 million a day. Now doing over 2,164 per sec. Hedera is 200 million times less energy dependent than BTC. It is way faster, Proven ABFT secure, less costly and scalable. BTC has yet to do 1 billion tx in its life time and it is 9 years older than Hedera. Search (Bitcoin Energy Consumption Index) updated daily by Cambridge.
Lol and FTT boomed 420%
Lol you are also doing the same thing
Please speak the Truth
I got chills at that last sentence. At the thought that this could (and most likely will) happen all over again…
I don't want to blame those who lost all their savings because of this, but dude, if you have ever studied the basics of finance and understood concepts like risk, returns, risk tolerance, and how the main asset classes work, you would understand that small retail investors should NEVER have invested so much money in crypto. You could invest a few thousands bucks just to have fun, not your fortune. And if you haven't understood this concepts, you should not invest or trade at all or you should be doing it with the help of a qualified advisor.
I've used FTX before it was collapse, because their withdraw fees are very cheap amongst other cryptocurrency exchange and no minimum withdrawal for all coin, I mainly used it to buy ETH and then withdraw it to my decentralized wallet for minting an NFT.
I get my money from crypto. But I never suggest people to invest in crypto, it's a biggest financial scam. For me, crypto is a short term financial solutions. Look for all cryptocurrency project that stands for more than 3 years, it's rare.
If we're gonna talking about next cryptocurrency actor that will fall down, we will have a very long discussion because like as you said this is not the final doom. If Binance facing the same direction like FTX, the impact will be MUCH bigger for cryptocurrency fate.
I just never understood it.😢
6:30 so Larry David was right! I knew it! And i expected the end of the video at this point with "Curb your enthusiasm" ending song.
It's not that one person blamed here was a thief.
Its the group of people calls the genius as thief and takes everything he earned…
That's the world..