FTXFTX - FTT

FTX Collapse – What Is The Path Forward For Crypto

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The collapse of FTX is clearly one of the most impactful events in the history of crypto.

So what’s the story behind FTX? How did it rise to power and became one of the biggest crypto exchanges so quickly? What led to its collapse? And what kind of impact will it have on crypto and DeFi? You’ll find answers to these questions and more in this video.

—–Timestamps—–
00:00 – Intro
00:29 – Rise To Power
04:22 – The Collapse
09:54 – Impact
12:17 – The Path Forward
14:00 – Summary

✨ DeFi – Past, Present, Future ► https://youtu.be/PT72hAbm2Eo

📘 DeFi Guide ► https://finematics.com/guide-to-decentralized-finance/
📖 Post ► https://finematics.com/the-ftx-collapse-explained/
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45 Comments

  1. Always super accurate and concise information relayed impartially. Thank you Finematics!

  2. A degree in physics That is hardly a degree that makes one a career in finance. He had no education in finance. Amazing.

  3. We are all fucked where’s that end of the world? Fucking aztec where completely wrong. I blame all of you.

  4. good overview- does not go too deep so the average person can get it. But there is so much more to it than meets the eye.

  5. Investing done right has changed my perspective on how one can succeed in life. I've been able to clear my debt and go on to have surplus to take care of my family. Working multiple jobs for money isn't the optimal way to attain financial freedom. Unfortunately, we find this out later in life.Great video..

  6. I feel like at 13:28 you nail it to the point. DeFi needs to be made easy. I think projects like Grizzlyfi or back in the days the anchor protocol picked up this fact really well.
    But its not just the projects that need to be made easy, i feel like non-kyc Fiat On Ramps and better wallets also play a crucial part in making it mass adoptable. Imagine a elderly person that wants to go DeFi and having to get to know the concept about seedphrases BEFORE she can do anything. I feel like the wallet creation needs to be with Username/Email and Password and only later should the users be introduced to saving the private key /seed. People understand a login, they dont yet understand web3.

  7. This dude mentioned at the top 🔝is a genius, getting my lost funds recovered is a great relief for me and my entire family, we all appreciate your efforts keep up the good work and remain blessed🙏 you all can contact him and make your recovery withdrawal possibe…………..

  8. Another Madoff, cheat more people more publicly.only one dollar but leveraged to the whole block chain . It is stupid or greedy blind our eyes? The Emperor's new clothes.

  9. < Technical Analysis is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC is dumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market.

  10. I love the grounded reality of this channel, its normal 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, BTC 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 accumulate the current crypto storm, in few weeks of implementing trade with accurate signals directly from Mr Benjamin Dawson, I have been able to accumulate over 12 btc despite the current state of the market.

  11. Third, the path of Crypto is the cemetery for the sake of ignorant casino gamblers. Now bitcoin's path remains the same, store of value, next medium of exchange, and next unit of account 😉

  12. The second correction there is no such thing called Defi, just a bunch of very centralize crypto casinos.

  13. The first correction, Crypto is not bitcoin, so you should not even add it to that presentation.

  14. I was actually doubting Loatedcyber at first but this is me here today having my funds retrieved due to his kindness and willingness to work.

  15. I was actually doubting Loatedcyber at first but this is me here today having my funds retrieved due to his kindness and willingness to work.

  16. The problem isn’t crypto. Its centralized exchange. DeFi is the best option out there. You should always hold your own tokens and do peer to peer transactions. Do middleman whatsoever.

  17. The important thing now is to link the US government, especially Gary Gensler, to this fraud and put them behind bars. Unless this happens the future of crypto is not bright. End game!

  18. I believe that the Russian crisis has made individuals realize the value of having several sources of income. Unfortunately, having a job does not guarantee security; rather, the real security comes from diversifying your investments. The key to successful financial market speculation is an understanding of institutional investment. When it comes to cryptocurrency, investing in information pays off, as does choosing the right plan for you. Since I started trading with Mr. Thierry Veilleux, whose skill sets are extraordinary, I have seen enormous profits on my investment. Working hard is good, but working wisely is preferable.

  19. Anything that gains valve faster than inflation is a speculation. Someone buys something hoping to sell it for more later. Everyone jumped on crypto and now the ride is over. I just saved you 15 minutes.

  20. The amount of work he put into this recovery process is unbelievable, this is a true legend 🙏..

  21. The amount of work he put into this recovery process is unbelievable, this is a true legend 🙏..

  22. BTW you missed the part where SBF allegedly helped himself to an unsecured 1 billion dollar loan and another 500M for his best friend from his company's reserves. This is money which very likely came from customer funds.
    Scam Bankman-Fraud achieved his life goal to give away all his wealth in record time.. along with the wealth of most of his customers…
    Hope he enjoys his new room mates Bernie Madoff and Elizabeth Holmes.

  23. Excellent video!! In my opinion I think there will be a few more crypto hipcups and upsets in the future. Users and VCs are just eager to throw money at the next shiny thing. Not to count the current damage in the market

  24. 0:58 : "as a vivid supporter of effective altruism sam committed to give away his wealth in the most efficient manner"

    Well, he did deliver on that one.

  25. Not to mention spreading lies, Alameda using leverage, tokens were not backed 1:1 and the relationship, Caroline was dating Sam (nepotism).

  26. BankSocial is already ahead of the game😂 you’d be doing yourself a favor by checking them out.

  27. great job. I love just being able to send this to people instead of trying to explain it myself. Way better and right on target.

  28. Centralized Exchanges must be avoided. They are the same as central banks. You lose your money and nobody will arrest the thieves who run away to argentina.

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