Crypto exchange FTX files for bankruptcy

The cryptocurrency world is reeling after the meltdown of one of its most popular trading platforms. The exchange FTX filed for bankruptcy protection as fallen crypto-king Sam Bankman-Fried stepped down as CEO. Vladimir Duthiers has the details.

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[Raybarbones]

Who knew that fake money didn’t have value 😂😅😂

[jimkelly]

I started with nothing and I still have most of it.

[matthewsgauge]

He used investor's money and donated it to the DNC🤣🤣🤣🤣

[mikelew]

So are my nfts on the platform gone for good or do I still own

[lyndona]

Info about FTX owner: He was the second-largest individual donor to Joe Biden in the 2020 election cycle, personally donating $5.2 million, and he donated $40 million to candidates during the 2022 US midterm elections.
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[jakemocci]

Kanye was right, look at everyone involved in this.

[tybehi]

Easy come, easy go. I predicted Crypto wasn't going to last, now it's imploding.

[Davidocontent]

Awesome vid. Normally the stock market is blowing off the top when rates are inverted, will see if it does this time as well.Gotta remember that this time around the pump we had was not as big as other times. So the drop may not be as bad this time around too. It would make sense as well. That being said, I was able to raise 16 btc from day-trade with Susan A Kokat in few weeks. Thanks for all your great work, doing what you do well!

[stephenw.]

make believe money in a make believe wallet in a make believe vault

[terrykrall]

What?! Wait, I thought this was better than gold? Better than REAL estate? And it’s... POOF! up in air? (suckers)

[polymathperspective]

Whenever a person leaves their crypto on any central exchange, they don’t really own these coins. Due to it can be shutdown suddenly but one person. Locked out. WHILE I only use decentralized exchanges like swaps and THEN stick my crypto in a wallet, like a TRUST wallet. Hidden behind an encryption key. All noobs use centralized exchanges cause they need a BUY and SELL button or they are completely lost. While I’ll find the contract to be able to buy a certain coin etc.

[matt.stevick]

Shares of ownership in great corporations…. The way to go.

[ACDC]

Some of the comments that I'm reading are different from the interviews that I saw. People can't retrieve any money because it's not there. We're talking about millions of dollars. Bitcoin was introduced to me over ten years, I invested in real-estate instead. Just couldn't grasp the idea of buying something that wasn't. Most of you are probably to young or weren't born yet, to know about the old pyramid scheme of 1980s and 1990s. This crytocurrency, to me was the updated version, if you got in early and then got out great, but if you got in late you were guaranteed to lose money. You can't pay investors, with other investors money. It never works!

[JayJay-dyyb]

What does this mean for the recession?

[Yzb]

You just did an interview with him on msnbc lol

[MS-stzb]

No more democrat money that is one good thing. Birds of a feather flock together.

[frlouiegoad]

After Elections! Millions to Democrats! THE "BIG GUY" Right after Elections! HA! HA!

[TigreRG]

Bankman-Fried more like fried bankman 😂

[thisguy]

I love the youtube fake accounts who for the last 18 months have said they are making 18K a week with their cyrpto advisors. And still they are here saying the same! LOL

[deckape]

That made a lot of investors in the traditional Market very happy because everybody was unhappy with the poor people getting rich on crypto yes it was a scam as much as the stock market is a scam it was free and then free trade