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#FTX they aren't telling you the half of it.
RUSH TRANSCRIPT
hey internet friends this is going to be
a quick one I'm going to give you a
rundown on the whole FTX crypto exchange
Financial drama as well as cover the
rather Insidious and bigger story about
FTX that mainstream media won't touch
fair warning this is such an annoying
thing to explain because there's a lot
of acronyms but the recent FTX drama
boils down to this a crypto Exchange
took customers money and invested it in
unknown assets and when customers went
to pull their money out of the exchange
there was no money crypto exchange FTX
and its founder Sam bakeman freed or SBF
imploded this week to put it in
perspective FTX and its competitor
binance are the two largest exchanges in
the world just like with binance with
FTX the customer can put in dollars or
tokens and you can trade these tokens
the way these exchanges make money is by
charging a transaction fee when you
exchange tokens the transaction fee
token that FTX uses is called ftt T it's
a utility token that provides access to
the FTX trading platform's features and
services and listen I know it's funny
money but just stick with me here
RUSH TRANSCRIPT
hey internet friends this is going to be
a quick one I'm going to give you a
rundown on the whole FTX crypto exchange
Financial drama as well as cover the
rather Insidious and bigger story about
FTX that mainstream media won't touch
fair warning this is such an annoying
thing to explain because there's a lot
of acronyms but the recent FTX drama
boils down to this a crypto Exchange
took customers money and invested it in
unknown assets and when customers went
to pull their money out of the exchange
there was no money crypto exchange FTX
and its founder Sam bakeman freed or SBF
imploded this week to put it in
perspective FTX and its competitor
binance are the two largest exchanges in
the world just like with binance with
FTX the customer can put in dollars or
tokens and you can trade these tokens
the way these exchanges make money is by
charging a transaction fee when you
exchange tokens the transaction fee
token that FTX uses is called ftt T it's
a utility token that provides access to
the FTX trading platform's features and
services and listen I know it's funny
money but just stick with me here
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