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My First MillionHow FTX Went From $32 Billion To Bankrupt In 1 Week (#385)
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EPISODE INFO
- Released
- November 15, 2022
- Duration
- 44m
- Channel
- My First Million
- Watch on YouTube
- ▶ Open ↗
EPISODE DESCRIPTION
No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd - Episode 385: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) react to the failure of the cryptocurrency trading firm FTX and the taking down of its CEO, Sam Bankman-Fried. — Check Out Shaan's Stuff:
- Shaan's weekly email - https://www.shaanpuri.com
- Visit https://www.somewhere.com/mfm to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents.
— Check Out Sam's Stuff:
- Hampton - https://www.joinhampton.com/
- Ideation Bootcamp - https://www.ideationbootcamp.co/
- Copy That - https://copythat.com
- Hampton Wealth Survey - https://joinhampton.com/wealth
💰 Pitch your startup for a shot at a $1M investment with Sam Parr as the MC https://clickhubspot.com/pitch ---- Links:
- @AutismCapital - https://twitter.com/AutismCapital
- @TechEmails - https://twitter.com/TechEmails
📧: Sign up for The Hustle Daily Newsletter: https://mfmpod.link/wd9 🎙️: Download Our Podcast: https://link.chtbl.com/TBQH3gWJ A podcast where we brainstorm new business ideas based on trends & opportunities we see in the market. Sometimes we have famous guests, and they do it with us. ------ Show Notes: (00:00) - Intro (01:50) - What happened (06:05) - Twitter reax (07:56) - Background on FTX (17:29) - Elon and SBF (23:35) - Distrust (41:03) - Shaan and Sam's predictions about the future of crypto ----- For more quality videos subscribe here ➡https://www.youtube.com/channel/UCyaN6mg5u8Cjy2ZI4ikWaug?sub_confirmation=1 🔔 Turn on notifications to stay updated with new uploads #shorts #youtubeshorts Like || Share || Subscribe
SPEAKERS
Sam Parr
hostEntrepreneur and co-host of My First Million; founder of The Hustle (acquired by HubSpot).
Shaan Puri
hostEntrepreneur and co-host of My First Million; creator of the Milk Road crypto newsletter.
EPISODE SUMMARY
In this episode of My First Million, featuring Sam Parr and Shaan Puri, How FTX Went From $32 Billion To Bankrupt In 1 Week (#385) explores FTX’s rapid collapse, alleged self-dealing, and crypto’s trust crisis Shaan lays out how FTX rapidly went from a top crypto exchange to bankruptcy after a bank-run-style wave of withdrawals exposed a liquidity/solvency crisis.
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