FTX Insolvent?! Craziest Week in Crypto EVER!! The Latest!!
It's time to do a deeper dive into the FTX-Alameda situation.
I've noticed that a lot of people don't understand what Alameda is, what it does, and how exactly it's related to FTX. That's why I spent the first bit of the video covering their origins and relationship.
FTT is another important part of this story, and I thought it appropriate to explain the tokenomics and how it was being used in the FTX ecosystem. Then, I give you my best breakdown of events leading up to this crypto crisis. I reckon it's the most detailed so far.
Finally, I explain exactly what effects this ordeal could have on crypto going forward. There's honestly so much to talk about there which is why switched out my regular outro with a special message. I'll do a video about the cryptos affected by this mess soon.
I know a lot of people are hurting. I hope knowing exactly what's going on will help.
⛓️ 🔗 Useful Links 🔗 ⛓️
► SBF Forbes 30 Under 30: https://www.forbes.com/30-under-30/20...
► FTT Tokenomics: https://help.ftx.com/hc/en-us/article...
► Sam Trabucco Alameda Insolvency Twitter Thread: https://twitter.com/AlamedaTrabucco/s...
► SBF Using FTX Funds For Alameda: https://www.reuters.com/technology/ex...
► US Regulators Investigating FTX: https://finance.yahoo.com/news/us-reg...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.