Yahoo Finance’s David Hollerith joins the Live show to discuss growing scrutiny into FTX and Sam Bankman-Fried from lawmakers and other civil suits, plus news that Genesis, one of the largest crypto lending institutions, has paused redemptions and new loans following the FTX collapse.
#FTX #SBF #yahoofinance #crypto
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An entire industry based on selling “assets” to financially challenged individuals through slick promotions and fear of missing out. What possibly could go wrong? – Jon Pierson
The same buyers of crypto also tend to collect pokemon cards etc.
@sigmaTrading and says GMGM
They got the unregulated financial system they wanted.
@sigmaTrading but you gotcha catch them all
The SEC could’ve prevented this. They met with FTX.
Buyer beware; investors would be complaining about government over reach if they had interceded.
Agreed. No one wanted to stop the built up gravy train or maybe it just grew out of control.
@Eddie Trujillo the problem with that statement is that the SEC did meet with FTX. they did intercede. And one of the worse collapses is occurring. We are talking about a company that put its name on MLB shirts, a stadium and paid for celebrity endorsement. They are clearly marketing to U.S consumers yet they can’t be held accountable because he’s headquartered in Bahamas… or is it because he’s the Gary genslers friend. Yet Kim Kardashian was sued….. this is blatant corruption. FTX met with the SEC and the SEC did NOTHING. or worse they helped. We the American people deserve to know what went on in those meeting and deserve more competent officials. These agencies over see our pensions, 401k and so much more related to our economy and future.
@XRP Kidotec I won’t disagree with your points, but the investor should know the risks, which includes what regulatory safeguards are in place to protect the investment. There are few, if any safeguards in place and the investor still jumped into these highly speculative “investment” anyway. I’ve alway been skeptical of crypto for a plethora of reasons, but still very knowledgeable and educated investors still jumped in because of greed and hopes for easy get rich scheme paying off; well they lost.
@Eddie Trujillo it depends on if these safe guards are legit and work properly. Sometimes they pass laws to protect us. But in reality it is to help millionaires more than to help the poor. Riddle me this why must you have a net worth of a million dollars, or make over 200k a year to be deemed an accredited investor. It’s to protect us from rug pulls right. Yet… we can go blow all our money on lotto tickets, or tha casino. So who are they protecting… why can’t I invest in a company that is growing and looking to IPO. yet I can blow all my money on the Powerball……
If we cannot get to Sam. Just ask Gary Gensler. He met with FTX multiple times. And he’s Herr because he is the chairman of the SEC.
Can you Explain how beginners can make huge profit within a short period of time? I feel it’s the best time to get started on the market, heard some guy speaking of making over $3.5M within 4months of investing $450k.
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@crypto Hulk Wow that’s an awesome returns of investment, indeed there’s a lot of money to be made in crypto markets trading, I guess it has to be with right people around you. Can you recommend him to me as well? How do I get to him?
@Morgan Stefan check the web and you will find him, drop a msg
Shocker… big tech hurts Americans once again… communists are trash…
is he pronounced bankman fried or freed? fried egg
The first time he pronounced it correctly🙂
At 1:00 sounds like he calls him “Bankman-Fraud.”
Oops there goes another crypto firm…. Ker Plop.
Yahoo News should have a large wheel with all the crypto firms listed on it. The wheel is called the “Wheel of Crypto Failures”. Suspense is built by the announcer saying another crypto firm has failed. Then he spins the wheel, while viewers try to guess which one. Finally, the wheel stops on the failed firm. If you correctly guess which one failed, you win a prize.
“remember how much money I gave you”. I don’t trust congress any further than I can throw them.
In my bakery, you want to buy a loaf of french bread…..the price will be $2….or 2 bitcoin…..
(1)USD = (1)BTC
That will be the SEC regulation
Who is Satoshi?
Look no further than the SEC.
SBF rumored to have gone bald and wearing a wig. May be headed to Russia or China.
*Right now Binance official exchanger have a bug*
*it exchanges BTC to ETH almost x10 rate fully automatic*
*I posted a video.*
stop sharing this!! keep it secrtet
CoinGape reports that CZ may be interested in acquiring the loan book of Genesis.
*-31,150.30 (65.26%)* Bitcoin this year -65%
My imaginary thing is worthless said the crypto bro
Crazy that I’ve never heard of FTX lol
I first heard of him when this broke.
There should be more pain ahead. It’ll get worse before it gets better. HODL your coins to $0.01. Maybe I might buy one then
Shut the fox up and take it like a man can’t play with fire and not get burn so stop crying for your mommy😂😂😂
DC UNIPARTY pushes Billions of US Tax Dollars into unaudited CIA Ukraine Proxy WAR blackhole. CIA installed Ukraine PUPPET pushes funny money into CIA Cryptocurrency Front Operation. CIA PATSY from techie central casting launders cash back into US sElections, Super PACs, & UNIPARTY Politicians.
10% for the Big Guy!
*FTX Bankman-Fried made multiple visits to the White House according to White House visitor logs.* 👀
WEF scrubs FTX partnership from it’s website, & pretends SBF wasn’t a speaker at Davos.
It’s getting spicy!!! 🌶️
Somebody/s about to commit Epstein.👻
*FTX frontman SBF, 2nd largest Democrat donor behind Soros.*
💵👋🏻
*Dirty Mitch Was on the Take… McConnell Received $2.5 Million from Crypto Laundromat FTX for His Senate Leadership Fund*
💵👋🏻
limited hangout.
3-2-1 gone.
Great. More testimonies on Capitol Hill so politicians can get more airtime blustering, politicizing this, and ultimately do nothing about it.
We’ll hear questions and answers like this. Cingressman to SBF: Were you concerned about potential ramifications from running a ponzi scheme with fake, fiat tokens? SBF replies (with a lisp, man-boobs giggling under his ratty t-shirt): What do you mean by concern?
Testify? How about locked up?
SBF was just a puppet. The WEF was pulling the strings. SBFs mom runs a superpac for the dems. SBFs dad worked with Elizabeth Warren. SBFs girlfriend is the daughter of Genslers’ former boss at MIT. They were all working together from the beginning out of MIT where the software was written to pull off the scam. The aim was to get a monopoly on crypto for the big banks (the WEF) by obtaining a Federal Bit License. It all blew up when Binance found out and showed they were insolvent by dumping FTX assets and causing a panic.
His new name is slam Bateman jail
You know it’s bad when Yahoo is calling you a ponzi scheme.
Questioning? He should be in jail!
Crypto deathstar goes Kaboom
Gary Gensler should resign or at least recuse himself from this case.
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Everyone needs to stop believing in false people promoting scams. People wanted to be taken. This keeps happening over and over again. What is wrong with people. Clearly he wasn’t trying to help others.
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