Hey guys, it's Sasha FTX The second biggest crypto Exchange in the world has just gone bankrupt. A few minutes ago, FTX has announced that the FTX group has filed chapter 11 proceedings in the United States Just yesterday, a bunch of toilets on YouTube who got paid by FTX to Shield their Ponzi scheme came out and told their followers that Ftxus is a completely separate company. Absolutely nothing to do with Ftx.com I presume they all got given the same exact script by FTX because it was magically odd how every single Creator came out and said the same exact. But it turns out that FTX Us and Ftx.com are exactly the same platform. They have identical websites, they have exactly the same owners, they have exactly the same leadership team that have exactly the same investors. And it turns out miraculously that Ftxus and Ftx.com are only separate on paper because it is a legal requirements to operate their business in the United States. But underneath that fakery, it is exactly the same thing. Something none of these YouTubers could have possibly known before today's announcement because it was completely impossible to tell. But look in this very note it says Ftx.com Ftxus and Alameda research are all joined at the hip and are part of the same group and they are all going bankrupt along with the money of their customers. Sam Bankmanfreed has resigned and is no longer the company CEO and every other senior person in FTX has also resigned. So anyone invested in FTX I wish you good luck with getting your money out. There is a new CEO called John J Ray III who will run the administration of the company from here on out. And as is often the case with these kind of things, the administrators are probably going to suck as much money as possible from the carcass of this dog company in administration fees before any of the remain means if there are any remains are shared out to the debtors, which is exactly what everyone who had their money in crypto and FTX has now become. So basically everybody who had money in FTX just got Absolutely. Because The one thing that is pretty much certain the word of Crypto is that every centralized exchange eventually turns out to be a fraud and collapses like clockwork. And just yesterday, the same influencers who were getting all of their followers to sign up with FTX over the last year went on their YouTube channels to tell their followers that Ftxus is completely separate from Ftx.com and is doing just fine. Don't worry too much despite all of them having International audiences and the same link to FTX that they had in the description letting you sign up with either entity depending on where you were based in the world, Meet: Kevin Went on Yahoo Finance to talk about FTS without once mentioning that he spent months promoting this platform to his audience. Shilling A piece of garbage. Seriously, what the how short are people's memories? Just when you thought it couldn't get any worse Andrew Dick went and made a video about the FTX crash pretending he had nothing to do with it. He immediately got sworn with comments asking why he didn't mention that he in fact took a load of money from FTX and his reply to every comment was I've never promoted FDX on my channel I'd have to legally disclose that as I do with all my other sponsors which is very convenient because Andre was being sponsored by FTX on his other channel called Millennial Money. Here is Andre talking in a video that has the FTX sponsor logo right above his head. but sure, pretend that you are innocent Have nothing to do with it because over people on a different channel that gets 100 000 views per video is absolutely fine. No problem with that whatsoever. You won't be able to see these comments though if you go and have a look because Andre has gone and deleted all of them between yesterday and today. There were hundreds of them on there yesterday when I looked. but today, I Only man is to find this one that he missed. Even more funny, that video by Andre had affiliate links to another crypto exchange called Block Fight and that exchange has just halted withdrawals as well because they're in trouble. Way to go! Maybe Andre can make another video about Blockfi and have that video sponsored by FTX to complete the circle of boundary. Graham Stefan did Apologize in his video which I thought was a very good thing to do I was wrong and I'm sorry, but he then proceeded to explain that of course FTX Us is completely separate from the international FTX and FTX Us is absolutely fine. It's safe. it's good. it's all clean like I said. Thankfully, all funds at FTX Us are not impacted and I pray it stays that way. Which kind of made the apology bit completely meaningless, especially now that FTX Us has gone bankrupt a day later. And the thing is, all of these content creators and every celebrity was FTX will come out and say I had no idea how could I possibly probably have known that FTX is dodgy? Well, I almost buy that kind of explanation from somebody like Tom Brady who a guy who plays American football for a living. But here we have Financial influencers who apparently know a thing or two about investing because they teach it to people, including like doing due diligence. So maybe you would expect these to actually use the gray stuff in between their ears when a sponsor comes along offering eye-watering amounts of money way more than any normal sponsor would pay to promote on your channel. The sponsor is a crypto exchange that sells worthless crypto tokens to your followers. The Exchange is three years old, run by a guy with three years work experience in a junior trading role and by some magic, This exchange has billions of dollars under management and is throwing ridiculous absurd amounts of money at you that is too good to be true. You see, unlike these lowlifes I've actually worked in Banks and financial services for most of my career. and if a random 20-something old dude with no experience who's the CEO of a made-up company registered in the Bahamas with no Public Accounts or any information at all, if that guy turns up splashing ridiculous amounts of money, asking if I'll promote their business of selling worthless dog tokens AKA Ponzi Schemes to people I Personally would get alarm bells ringing in my head like I have done every single time that happened. I Don't even think you have to have ever worked in the bank to have alarm bells ringing in your head. But if you are a greedy rat, it does not matter. You just take the money no questions asked and you go and sell this on your channel to all of your followers. It does not matter that you are selling a scam, you're getting paid. It doesn't matter that your followers have a high risk of losing all of their money. Who cares? They're just random pictures on your YouTube channel that earn you thousands of dollars every day because it's obviously incredibly difficult for these YouTubers to understand this. So let me give you a quick guide on how to not be an absolute tool. One Stop promoting Ponzi schemes on your channel. If someone comes along and asks you to promote the latest dog token jpegs of monkeys wearing funny hats or any other garbage, then the correct course of action is to tell that person to off not to take their money. Number two: Stop Promoting Piece Of Crypto Exchanges. It really isn't very hard. these crypto exchanges make their money from encouraging people to buy crypto tokens. and the only reason people buy crypto tokens is because they want to get rich quick by promoting these shitty platforms. You are taking advantage of people who are financially desperate who might be looking for a magic way out. but instead of telling your viewers that there isn't a magic way out, you tell them that they should go and buy some safe moon or Floki Inu or whatever other that is popular that week and they go right ahead. They trust you and they take their money that they don't have to the crypto exchange and buy that and the two possible outcomes are the value of their investment goes to zero as as the token immediately becomes worthless or the platform that they used to buy this piece of disappears overnight like what just happened and happened dozens of times before. I Am guessing all of these toilets are now going To start promoting Binance next. The number one crypto Exchange in the world who also make their money from people trying to get rich quick of buying crypto tokens. Buyers also have their own Ponzi scheme called the BNB token. Exactly the same sort of as the Ftt token that is now worth nothing just in a different wrapper. While FTX is registered in the Bahamas. nobody even knows where the Binance is registered. They have random private companies dotted around different tax Havens like Malta and the Cayman Islands But there is no way to actually know where the company is based and even lawyers filing lawsuits against Binance don't know where to file them. And the result is that Binance is not regulated by anyone. There is no oversight whatsoever. there is no auditing, they can do whatever they they want with your money and they don't have to account to anyone. if that doesn't sound weird to you. I don't know what you're doing telling people about Finance on YouTube CZ The founder is apparently the 30th richest person in the world after running this piece of exchange for five years because selling made up tokens that have no actual worth at all for hundreds of dollars each can make you very rich very quickly. What a surprise! It's a Ponzi scheme and this is the biggest crypto company in the world. This is what this whole industry is about. It is about sucking money out of people trying to get rich by selling them tickets to their dream by telling them there is a magic solution to all of their problems and then laughing as all of those people lose all of their money and you end up with 33 billion dollars out of nowhere. If you are a YouTuber and somebody comes to you with an obvious fraud and asks you to Market it for them in exchange for money, it is no good pretending you didn't know it was a fraud, especially when the money was way too good to be true. As a primary indicator, just because you aren't an employee of the scam company does not mean that you are innocent. You are the reason all of those people have gone over to these Ponzi schemes and lost all of their money. You and your greed I Look forward to watching all other videos from these saying that I didn't know I only provided marketing services for them I'm a good guy. Really. Trust me, Nobody could possibly have predicted this. I Can only hope that Karma comes and kicks you in the teeth really hard because the same thing just keeps on happening over and over and over. Or maybe it won't be calmer. Maybe it's going to be the SEC or the Doj or somebody. Probably not though, because those guys seem to be even more incapable than these. YouTubers. But we can hope.