The $65 Billion Code: How FTX Stole from Customers

Описание: How did a multi-billion dollar exchange led by a Silicon Valley "genius" vanish in just 48 hours, leaving an $8 billion trail of destruction?

The fall of FTX in November 2022 was not a bump in the road or the result of market volatility. In this mini-documentary, we dissect one of the greatest financial disasters in modern history, revealing a fraud meticulously orchestrated by Sam Bankman-Fried (SBF) and his team.

In this video, we explore the scandal through five fundamental points:

The Parasitic Relationship: How FTX, marketed as a safe platform, was created with the sole purpose of generating liquidity and funding the high-risk bets of its sister company, Alameda Research.

The Fraud Code: The discovery of the "Backdoor" (the allow negative rule) inserted directly into the source code, granting Alameda a secret, unlimited $65 billion line of credit using customer funds.

The FTT Token Scheme: The market manipulation used to inflate the exchange's own token and use it as phantom collateral for billions in actual real-world loans.

Power, Luxury, and Politics: The imperial lifestyle in the Bahamas and how SBF used misappropriated funds for illegal political donations in the US to buy regulators' sympathy and create a "shield of credibility."

The Fall and the New Era (2025-2026): The fatal CoinDesk leak, the 48-hour bank run, the plea deals, and the brutal consequences for creditors during restitution. We also analyze how this collapse ended the crypto "Wild West" era, forcing strict global regulation.

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