Comments by "Tony Wilson" (@tonywilson4713) on "FTX Bankruptcy Explained!" video.

  1. To ALL: I found that article about Constance Wang that Patrick flashed up at 10:01. Its easy to find with a google of "ftx credits suisse" and that article had a link to an interview she gave and its here on YT (see below). There's 2 main things to look at. First the comments are pathetically pro-crypto sadly laughable. Second, right at the start of the interview she says. "I moved to Hong Kong from Singapore in early 2019 to work on FTX together with Sam and so far it has been fantastic. So before that I was in credit space for two years doing a compliance management training program which I didn't really like so that's why I moved away from it." Maybe this explains a lot. When you have someone with about 7 years of experience after college handling over $10 Billion in assets as Chief Operating Officer and they don't like managing compliance. You can hear her say it: -> https://www.youtube.com/watch?v=LDc1QAOcc-0
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  2.  @maxmeier532  Its pretty simple the TRUE VALUE of anything is what another person will pay for it. You can put whatever number you want on anything you like and it means nothing unless someone else agrees to that number. The only value that ever matter is the buyer not the owner. This is a common misconception because owners are always telling other people what their possessions are worth. Last week people would by the FTX tokens because they valued them collectively at $32 Billion USD. Today nobody will pay anything for FTX tokens because of how toxic they are and that makes their collective total vale ZERO. This is not a new thing. Its what happened to Theranos shares and plenty of others.
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  3. Just adding to that: I found that article about Constance Wang that Patrick flashed up at 10:01. Its easy to find with a google of "ftx credits suisse" and that article had a link to an interview she gave and its here on YT (see below). There's 2 main things to look at. First the comments are pathetically pro-crypto sadly laughable. Second, right at the start of the interview she says. "I moved to Hong Kong from Singapore in early 2019 to work on FTX together with Sam and so far it has been fantastic. So before that I was in credit space for two years doing a compliance management training program which I didn't really like so that's why I moved away from it." Maybe this explains a lot. When you have someone with about 7 years of experience after college handling over $10 Billion in assets as Chief Operating Officer and they don't like managing compliance. You can hear her say it: -> https://www.youtube.com/watch?v=LDc1QAOcc-0
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