The FTX collapse was worse than I thought... (SBF ARRESTED)

Hashoshi unpacks the shocking details of how the FTX collapse happened, resulting in a loss of BILLIONS in crypto, addressing the major points John Jay Ray III identified in his report to the US House Financial Services Committee. Sam Bankman-Fried was arrested in the late hours of Monday by Bahamian officials... with SBF arrested, will more charges and arrests come? What will happen next in the FTX collapse saga? Let's discuss.

You can watch the FTX hearing here:

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⚠️ Important ⚠️ The opinions and information presented in this video are strictly my own, or those of the interviewee featured in the episode, and are not representative of any other individual or entity. The content provided in this video is informational in nature and does not constitute financial advice, advice of any other nature, nor a call to action to purchase cryptocurrency assets of any kind. It is the responsibility of the viewer to conduct independent research and due diligence before making any financial or investment decisions related to the subject matter published on this channel, whether sponsored or unsponsored. Sponsorships, which are clearly disclosed, are informational in nature and do not constitute a call to action to purchase cryptocurrency, nor a direct endorsement from Hashoshi. This channel does not offer the purchase or sale of securities.

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⏰ // Timestamps // ⏰
0:00 Acting CEO of FTX releases a telling document
1:00 The shocking truth about how FTX really lost billions
3:26 Sam Bankman-Fried has finally been arrested
4:30 The truth was worse than what we thought
6:12 Clarification on the FTX US situation
7:15 These new facts are only the start
8:00 What’s next for the FTX collapse saga?
10:35 We can rally around the positive impact this space can have

#Hashoshi #Cryptocurrency #FTX

[alpacacrypto]

"I wonder if a technology like that exists" 😂

Nice work as always Hashoshi

[Ellerich]

The regulators should be arrested for negligence and incompetence. Why didn't the regulatory exams find all of these problems?

[movinon]

Retail account holders at FTX, like Celsius and Voyager, are unsecured creditors. And like retail account holders at Celsius and Voyager, they get nothing.

[albertdavis]

Thankfully SBF is in jail at this time.

[XennialGuy]

Caroline and Kevin O'Leary are next.

[securedcertification]

Cheers Hash! Always a pleasure to get your perspective 👍🏼

[jaswan]

I don’t know how we do this, but some how we have to decouple centralized crypto entities from decentralized services in the eyes of regulators or this whole thing is going to go up in smoke. SBF is exactly what all the boomers in government think crypto is, when ironically, blockchain was created to combat centralized corruption, mismanagement like FTX, and meant to foster a trustless decentralized alternatives to the legacy systems. FTX is just a crypto version of what satoshi was trying to create an alternative to. This is the worst thing that has ever happened to this industry and we won’t know just how bad it is for awhile imo.

[bucketofampz]

Is it possible to create a DEX with fiat on/off ramps?

[vzuzukin]

"Bankman and his Band of Boffoons" lol

[mustafaerdemboy]

The smartest token in the world is Marshmello Finance MARSH3, the first token that controls itself and not by owners or anyone else.

[fatmakarabacak]

Marshmello Finance MARSH3 prevents Bear market, bot trades, paper hands by its automatic algorithms, so it's the safest altcoin ever. I am sure it will hit 10 bucks in no time.

[ozgurdobifankulubu]

Marshmello Finance MARSH3 is gonna explode anytime soon 🔥

[probaba]

Why do you say there is no way? Have you seen Marshmello Finance MARSH3 This thing is gonna skyrocket 🚀🚀

[kw]

@Hashoshi I don’t understand why so few people are talking about how the SEC Chair Gary Gensler stated months before the FTX collapse that they had looked into the exchange and saw no problems, seems pretty fishy to me. The SEC should be liable for Victims Of Crime compensation at the very least.

[roksin_]

Marshmello Finance MARSH3 prevents Bear market, bot trades, paper hands by its automatic algorithms, so it's the safest altcoin ever. I am sure it will hit 10 bucks in no time.

[Struwwel]

The travails of the crypto market in 2022 have paradoxically made me feel even more confident about my investment in Cardano/ADA. No gimmicks or sneaky crap.

[billpie]

Enough of sbf and ftx. Everyone is talking about the same news over and over. Move on

[mr.strange]

Venom Foundation is Non-Profit Blockchain foundation. What do you think about it?

[scottmountford]

@hashoshi thanks for the quick update on this. I was lucky not to be on FTX, but really appreciate the insight and hope justice is served and people get some funds back.

[tyroneson]

This was by design. They’re operatives not idiots or buffoons. The jokes on the people.