FTX Collapse - What Is The Path Forward For Crypto

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

[Finematics]

❓ What do you think about the FTX collapse? Comment down below
👍 Hit the like button if you enjoyed this video

[tents]

“Not your keys, not your crypto”. I agree that the FTX debacle is not a crypto issue, but rather a combination of hubris, greed, and ineptitude by SBF and his minions. Thank you for a great video

[ryanedwards]

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.

[matttatts]

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

[thesilentgeneration]

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

[blackboycrypto]

Finematics never misses 🔥! Looks like a win for De-Fi to me.

[datnguyentien]

Been waiting for your video. Could you please release new video every 2 or 3 weeks like before? I always love the way you explain complex topics in your videos.

[lostintheheatofitall]

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.

[DaNinja]

Thanks. I've been looking at this on different channels since I first came across it.

[alankim]

It's been a while since your last update. It is great to see your video again. Thank you.

[jordantheman]

Wonderful as always! You are a large asset to the community

[s-]

this is the best of best for the best youtube explaination of history .

[apyfarmer]

Centralized Exchanges (CEX) should be treated like public toilets : you come in, you do your biz, and you leave.

DeFi is the path of choice.

[paulywalnutz]

regulation of centralized exchanges is necessary

[cybernescens]

Thank you for yet another exceptional and clear explanation.

[empty_dayofthetech]

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

[HexMachine]

Can you do a special video on how HEX crypto DeFi works? How it inflates to reward stakers while maintaining self custody, no admin keys, back doors, counter parties? It will save more people from being scammed.

[gilbertfranklin]

Ok, I gave a thumbs-up and subscribed. I also agree with the decentralized approach to blockchain over controlled and regulated crypto. But I am not involved personally, just very interested in the concept of a currency which is not run by a country. At Finematics, you have a unique method of explaining and presenting the summary which is one of the best I have ever seen. Good work! 👍

[jamessuriano]

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.

[DiscoverCrypto]

Wow. There needs to be a movie entitled “The Rise and Fall of SBF.”