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Why Crypto is Crashing: FTX and Alameda Research

URL
https://www.youtube.com/watch?v=jhydO_FzQUQ
Views
56
Description
FTX and Alameda Research are in crisis and over a hundred funds are going down with them. Sam Bankman-Fried (CEO) made a list of bad decisions which has lead to both firms failing. Poor accounting, over leveraged, minimal oversight, and minimal risk management resulted in this crisis. People's over reliance on the shiny dreams of altruism resulted in a lack of due diligence from investors as well. Today I break down what is going on with FTX and Alameda Research based on articles I have been reading. Below are my sources for you to review and form your own opinion. Sources: https://www.forbes.com/sites/davidjeans/2022/11/12/the-devil-in-nerds-clothes-how-sam-bankman-frieds-cult-of-genius-fooled-everyone/?sh=2848752d1d26 https://www.forbes.com/sites/zinnialee/2022/11/07/billionaire-changpeng-zhaos-binance-to-offload-all-remaining-ftt-tokens-of-sam-bankman-frieds-ftx/?sh=6c3816816711 https://en.wikipedia.org/wiki/FTX_(company) https://en.wikipedia.org/wiki/Alameda_Research https://www.cnbc.com/2022/11/13/sam-bankman-frieds-alameda-quietly-used-ftx-customer-funds-without-raising-alarm-bells-say-sources.html Website: https://www.FancyQuantNation.com Quant t-shirts, mugs, and hoodies: https://www.teespring.com/stores/fancy-quant Connect with me: https://www.linkedin.com/in/dimitri-bianco https://twitter.com/DimitriBianco
Rating
5
Name
YouTube
Date
2022/11/17
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