Is Binance The Next FTX?

In this video we take a deep dive into Binance, the world’s largest crypto exchange. We uncover what we believe to be red flags which should give investors and customers serious concerns.

0:00 – 2:22 Intro
2:23 – 4:24 FTX Red Flags
4:25 – 9:56 Binance Founding
9:57 – 13:33 Lack of Headquarters
13:34 Binance Earn

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#Wallstreetmillennial #crypto #binance #ftx

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30 gedachten over “Is Binance The Next FTX?”

  1. People don't learn. You would think that everybody would sell their crypto-trash after all the major scandals and frauds, but no "my company is different" and crypto is going to the MOON🚀🤣🤣

  2. I worked with a number of people who had put all of their limited savings into Cryptocurrency. I said I was not investing in Cryptocurrency because didn’t understand what made reprice move. I stuck to shares and commodities which were easy to understand. I hope that the people who lose money on cryptocurrency can afford the losses.

  3. yes, it will collapse🙄 just pull your 💰 before it does, or pull your 💰 to start the collapse

  4. I was so confused on the whole ftx scam, that was until the final pieces of the puzzle clicked into place;

    1) Carolyn is a self professed Harry Potter fan

    2) Carolyn larps as a “wood nymph” in her spare time.

    I don’t know what I’d do if I didn’t find that out!!🤣🤣🤣🤣🤣🤣

    Seriously tho it actually really does make sense and shows how just because someone is “unique” doesn’t always mean they know anything of value.

  5. It is always good to have a financial plan. I work with a portfolio manager in the USA. The fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity but will provide income.

  6. Im suspicious of any young billionaire who isn't dating a smoking hot babe.

  7. 1. BNB powers one of the top 3 largest crypto networks (BSC), that's hundreds of millions in transactions per day/week. It is used to pay for gas fees and it powers the BSC DeFi ecosystem. That was not the case with FTT, which is actually closer to KuCoin's KCS coin in terms of use case, not BNB.

    2. Unlike FTX, Binance has been battle-tested twice over and will have survived their second bear market soon. FTX collapsed within a few months of their very first bear market.

    3. If Binance was as shady as FTX and they also co-mingled funds, they would have collapsed during one of the several bank-runs Binance had to face after the FTX debacle. Binance always remained confident and open and even welcomed the stress test, which they survived.

    4. Unlike FTX, Binance doesn't spend hundreds of millions in endorsements and celebrity deals.

    5. Is CZ shady in some way? Sure, that wouldn't surprise me, but what CEO of a multi-billion dollar company isn't, really? At least, CZ runs a tight ship and he understands what SBF never did: you don't need to steal your customer funds to make money in crypto, or anywhere else for that matter!

  8. I hope it doesn't collapse. The earnings was high a few years ago. Now it's low. Anyway, this is a high risk investment and Im prepared to lose a lot because I treat this more of a gamble rather than a sure investment. It's gonna hurt me a bit if Binance collapses but it's not my life savings.

  9. Dude, excellent detailed work! Could you do a video on Qurate Retail??

  10. Binance destroyed FTX because it reflected too much of their own fraud. So beat it up to make them self looks like the real white knight.

  11. I feel like SBF liked Chinese food and a lot of it. Your video has been debunked.

    Thanks for your videos.

  12. Just ask SBF for the goods on CZ.. I'm sure he would be extremely helpful at this point in time to be a cooperating witness, Lol!

  13. Binance is the same as FTX in my book. Just a Ponzi scheme. I don’t see how these “smart” people don’t see through this all.

  14. Keep pretending like crypto isn’t “real” – as if fiat currency IS… lmao

  15. Can you talk about what the incoming etf from Blackrock, fidelity, Charles Schwab, China, and many more means for Bitcoin?

  16. Crypto has made it so easy for scammers to convince you to give your money away because people don't view it as actual real money.

  17. $72 billion / 90 million users seems…. Underwhelming per user? Am I missing something?

  18. "Hired Kevin O'Leary" is the "jumped the shark" of our time.

  19. This dude ain't NEVER leaving China! Any US friendly destination would collect his a$$

  20. It is still there

    Nothing will happen to Binance


  21. Greta take . Just analyse of possibilities in the light of existing information .

  22. I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Katherine Flores.

  23. Stop spreading FUD. Binance is the worlds largest exchange because they are transparent. Search "Binance Proof of Reserves". Crypto = Don't trust, verify!

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