Summary of A Total Catastrophe - The Full Story

00:00:00 - 00:10:00

This video discusses the FTX U.S. stock brokerage's collapse and how it may have affected many people. The host recommends that viewers move their money out of FTX U.S. and into a different regulated brokerage.

• 00:00:00 In this video, the host discusses the FTX fiasco and how it evolved from a liquidity crisis to a fraud and seed issue. He also explains why he accepted a sponsorship from FTX, despite their lack of regulatory compliance.
• 00:05:00 The video reviews the full timeline of FTX's collapse, from the initial collapse of Voyager to the subsequent collapses of Celsius and Sam Bankman Freed. The author expresses concerns about representing FTX after the company experienced catastrophic failure. After the FTX contract ended, the author moved on to other projects.
• 00:10:00 The video discusses how 100's of people may have been affected by the FTX U.S. stock brokerage's collapse, and explains why consumer protection agencies exist. The host recommends that viewers move their money out of FTX U.S. and into a different regulated brokerage, such as M1 Finance or Robin Hood.