FTX, Alameda Research, and Sam Bankman-Fried | Basic Crypto Podcast
So what actually happened with FTX and Sam Bankman-Fried? It is a complicated subject because it is using assets that a lot of people don't understand or think are unnecessary. I don't even know all the details but I will do my best to explain what I have learned in a way that helps you understand how important the exposure was in the grand scheme of Crypto.
Listen on Apple Podcast: https://podcasts.apple.com/us/podcast...
Listen on Spotify: https://open.spotify.com/show/30hv0KO...
Here are some exchanges I have used successfully. PLEASE DO YOUR OWN RESEARCH WHEN SETTING UP AN ACCOUNT AND INVESTING!!!
Referral links -
Coinbase: coinbase.com/join/olstad_z?src=ios-link
Uphold: https://uphold.com/signup?referral=54...
OKcoin: https://www.okcoin.com/join/600090433...
Binance.us: https://accounts.binance.us/en/regist...
Bitrue: https://www.bitrue.com/act/partner/la...
Let me know if you have any questions! / conorolstad
Timestamps
00:00 Intro
00:54 FTT
02:37 Starbuck analogy expanded
03:29 Alameda research
04:38 starbuck analogy
06:28 how FTX comes into play
07:19 what Alameda did
08:20 review
09:58 why did this happen?
10:52 Lack of regulation
14:16 How FTT was a inflated
14:51 The solution IMO
15:29 Security in Crypto
16:38 Regulation is needed
17:34 All part of the process
19:00 Conclusion