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The FTX Collapse, Explained | What Went Wrong | WSJ

— November 24, 2022 32 comments
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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

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Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day’s biggest stories into bite-size pieces to help you make sense of the news.

FTX’s Collapse: The Three Key Points on the Largest Crypto Bankruptcy Ever: https://youtu.be/kCM-agH1aGM

#WSJ #FTX #crypto

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32 Comments

  4. It seems like Binance was planning the fall of FTT all along. They invested enough money to intentionally own most of the FTT coins, when the right opportunity comes Binance withdraws all its FTT coins resulting in panic selling from the investors.

  5. Let's remember the WSJ was handed evidence of Bernie Madoff's fraud years before it was revealed and refused to print it. I wonder why? Too scared to step on the toes of powerful Wall Streeters that were taking in millions from feeder fund commissions? WSJ has no credibility they are observers not real journalists.
    As far as the SEC the Congress wants regulatory oversight to be underfunded to the point of ineffectiveness because millions are donated to political PACs by Wall St. crooks to avoid scrutiny. It's sociopathic capitalism.

  7. We should all blame the SEC,Democrats and Jews for letting SBF misuse all that money,if any other race they would be jailed and they wonder why other races praise hitler😤

  10. Wow! what a puff piece – no mention of fraud, embezzlement, theft of users funds. It just makes it all sound like a mistake. He fell down and couldn't get back up. 🙄 SBF is a criminal fraudster to rival the likes of Bernie Madoff. But will unlikely spend a day behind bars due to reporting like this. Be ashamed WSJ – be very ashamed. And Sheeple… do some research outside of the vested interests. Twitter broke this story live, with real time tracing of funds. If these guys can do it – why cant the authorities act? Why isn't SBF being held to account?

  15. People would've did better purchasing lottery tickets than FTX! When I look back at my lottery playing over a 5 year period (2014 – 2019) I had a better return than Sam Bankman and his team of Crypto scammers:

    -Annualized Return (5 Years): 36.17%

    -Percentage Return (5 Years): 368.25%

  16. Its< natural to see so many investors panic amid a worsening bearish market but it is also important to note that the market situation is nothing new in the crypto world.Several factors are driving negative sentiment in the stock and crypto markets right now including inflation, a shaky stock market, rising interest rates, and recession fears. As a result, bitcoin has dropped significantly from its all-time high, breaking below several key technical levels. As a crypto investor, the current situation might seem bleak. However, there are several tried and tested, expert-suggested investment strategies that can help you weather the current crypto storm. In 5 weeks of shorting and trading with signals directly from Jacob Kucia, I have been able to accumulate 18 btc despite the state of the market.

  18. I came here to learn how to invest after listening to a guy on a television program about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

  19. If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to build generational wealth, and cultivate financial knowledge, you must be in the market.

  20. I've been around the market long enough to know that these ups and downs can still prove to be highly beneficial, time and again I've seen people use these windows of opportunities to make millions and set up for retirement, I just don't know how they did it.

  21. After watching so many YouTube tutorial videos about trading,I was still making losses until Rheagan Max Deplonty started managing my investments, now I make huge returns weekly. He changed my family's financial misfortunes.

  22. Investing is the key to sustaining your financial longevity, and not just any investment but an investment with guaranteed returns. But how can beginners invest in the right channel?

  23. Guys this wasn't a pack of dumb kids gone bad, this is an NSA, CIA FED US GOV DEM TAKE DOWN OF MOST OF CRYPTO just like the way they took down every non-USA-based offshore banking hub they didn't do business with, The United States of America is basically insolvent and is in a fight to maintain the dominance of the dollar in Internation trade US Sanctions, hacks, leaks, threats, provocations, red flag attacks, coups and wars are a tool in the fight to suppress its rivals, Sad but true.

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  25. How tf a video showing a fall down of a company has thousands of bot comments about how successful are they in investing.

  27. Hello, I'm totally confused and don't know what to do with the coins I bought in January with over €70,000. Please, want to trade them and make more money from them. What can do to earn more?

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