CRYPTO – FTX Real Reason for $10 Billion Loss Revealed & SBF's Parents Now Implicated in Losses

Kamikoto has several special offers going on right now and is offering my viewers an extra USD50 off on any purchase with discount code JOEBLOGS. Go to to https://kamikoto.com/JOEBLOGS to get your Kamikoto Japanese steel knives today 😁

Please Support The Channel:
YouTube Super Thanks (click below)
YouTube Membership (click below)
https://www.buymeacoffee.com/JoeBlogs
https://www.patreon.com/joeblogsYT
Amazon Shopping USA – https://amzn.to/3qwnwHB
Amazon Shopping UK – https://amzn.to/3LbHjFL
Amazon Shopping Canada – https://amzn.to/3BIyXlS
Amazon Shopping Australia – https://amzn.to/3eHQZvy
Click thro the link, buy your items as normal and Amazon will pay me a small commission

The First Bankruptcy Hearing for FTX has been held and Implicates Sam Bankman-Fried’s Parents as Real Estate including a Luxury Penthouse in the Bahamas is Registered in their names. FTX was the second largest CRYPTO Currency Exchange and is now in Chapter BANKRUPTCY with over 1 Million Creditors. John Ray, the Bankruptcy practitioner for Enron, has been appointed as CEO and his initial findings are that this is WORSE than Enron which was the biggest accounting fraud in USA history. In this video I provide more details on the FTX situation and discuss the failures surrounding the business.

For specific details please check out the CHAPTER list below.

Thanks for watching and please LIKE and SUBSCRIBE.

Chapters:
0:00 Intro
2:06 BANKRUPTCY HEARING
4:17 REAL ESTATE
8:40 FTC BUSINESS MODEL
13:48 NET INCOME
17:12 FTT
21:03 ALAMEDA RESEARCH
24:09 SUMMARY & CONCLUSION

#ftx
#crypto
#fraud
#china
#Belt&Road
#globalrecession
#globalfinancialcrisis
#russia
#Evergrande
#China
#Recession
#Zhenro
#Bonds