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I personally am not very familiar with Crypto Currencies, but think this video gives tremendous insight into what FTX was doing.
First, three snapshots that give a brief insight into how complicated and intertwined the connections in FTX's empire were, who traded and offered FTX, whether overtly or covertly.
The FTX Disaster is Deeper Than you Think
Symple
Can you help answer these questions from other members on NexusFi?
If the following video is in the view of any moderator may to political, then you remove it with out any comment and it is accepted with out any comment. On the other hand: In my view it is just an other part or little stone in the whole scam which belongs to this case. But see by your self:
Why FTX’s Crypto Scam Is A Tale As Old As Time
“Whatever fun name you wanna put on it, it’s the same damn thing we’ve seen over and over again.” David Dayen, Executive Editor of The American Prospect, joins us to talk through the spectacular rise and fall of crypto exchange FTX and its disgraced leader, Sam Bankman-Fried. We dive into how this collapse mirrors the worst failures of our more mainstream markets, how SBF was so easily able to use effective altruism as cover for garden variety political influence, and why it’s a mess that the Agriculture Committee ended up in charge of regulating exchanges like FTX. Plus, writers Henrik Blix and Jay Jurden stop by to discuss living in a golden age of grifts and teach Jon about the Liver King’s dirty secret.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
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You should get ALL your USD equivalent value back but not your crypto back! Since crypto has almost tripled since then, while you may be getting your value back at the time of the bankruptcy. your getting about a third of what it would be worth today!
