Caroline Ellison recounts ‘constant state of dread’ over Alameda’s mounting debts: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Josh Frank of The Tie reacts to the latest testimony from Caroline Ellison in the trial of Sam Bankman-Fried.
Chapters:
0:00 - CNBC Crypto World, Oct 11, 2023
0:27 - The trial of SBF
2:13 - Josh Frank of The Tie
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Пікірлер: 162
Check out the next episode of CNBC’s Crypto World: kzread.info/dash/bejne/l3t9j6OYgtPFqNY.html
She deserves to go down and pay a price. No mercy for her. She was a willing participant. Does she deserve the same sentence as SBF? No. But she doesn’t deserve to get off Scott free.
@Vonriga
7 ай бұрын
You are 100% right.
@artofgettingup1984
7 ай бұрын
there is no difference and potentially allegedly more guilt. dont buy the narrative
@richardhunter132
7 ай бұрын
she's cooperating with the prosecution, so she should receive some mercy
@Castle743
7 ай бұрын
Sam did not steel alone Yes all involved should be in jail And never see the light I'd day Tell people that lost everything how they feel about caroline She is not n angel
@walterdemarchi5256
6 ай бұрын
Set an example.
the person drawing her pictures make her look prettier. LOL!
@Justin-yc1ig
7 ай бұрын
😂 ice cold, man!
Caroline should go to jail. She mishandled stolen funds and knew it. Then she got liquidated because she had no stop loss. She didnt care.
@progressoful
7 ай бұрын
Not only her but the rest of her inner crew. Rat in prison!
Unlimited funds Advantage on trades Still can't run a profit Amazing on so many levels
@NicholasWHaley7
7 ай бұрын
Crypto doesn’t make or do anything. You will never make profits from it.
The court drawing of her is as unfortunate as this case…yikes
@Dobviews
7 ай бұрын
To be brutally honest, the drawing was an improvement for turtle. Still wondering what a ChiaPet and a Turtle have in common besides greed.
@briantep458
7 ай бұрын
I thought it was pretty spot on, I mean we're not miracle workers here
@gmo4046
7 ай бұрын
Whoever is drawing her and SBF clearly put their life savings into crypto at the top.
@jenoh3779
7 ай бұрын
@@briantep458😂
@livingmodern
7 ай бұрын
lol someone said it, not me :)@@briantep458
Random Person A interviews Random Person B about the obvious and nothing new. The state of CNBC at this point is laughable.
@MrSupernova111
7 ай бұрын
Yep, there is about 1-2 minutes of useful information in this otherwise useless video.
Poor little Caroline..... (But she didn't mind living in extreme luxury.)
Will the jury understand all this?
@109sssss
7 ай бұрын
lol
@mikatu
7 ай бұрын
Did you watch the news? They just want this to get over quickly.... they don't want to waste time understanding anything!
Caroline Ellison recounts 'constant state of dread' over STEALING BILLIONS OF DOLLARS. No kidding.
It's not just their inept trading which was breathtaking. Its: - The staggering lack of proper oversight from their venture capital investors - The fact that FTX would have been exotically profitable if they had simply run it as a standalone business.
@scotto7924
7 ай бұрын
Just how many institutions lent huge amounts of money. How could they all get it wrong.
@tullochgorum6323
7 ай бұрын
@@scotto7924 Here's a list of the investors who committed an eye-watering $2 billion. It seems that none of them thought to check that this group of inexperienced hippies was actually keeping proper accounts: Sequoia Capital Coinbase Ventures Paradigm Lightspeed Venture Partners SoftBank Temasek Third Point Ventures Tiger Global Management Insight Partners New Enterprise Associates Multicoin Capital Sino Global Capital The auditors were Armanino LLP, a relatively small US company. They appear to have done a woeful job, given the shambolic state of the FTX/Alameda finances and the host of illegal transactions they failed to detect. I was involved in a small venture fund investing in local businesses as part of a local economic development programme. We were far more stringent in our due-diligence and oversight than all these storied Silicon Valley funds were with SBF's fraudulent operations.
@midsein
7 ай бұрын
How would FTX would turn a profit? They explicitly promised not to take any percentages off of clients' transactions, and that's pretty much the only source of income for any trading platform. They lured people with that "no transaction fee" honeypot and would just "borrow" (steal) ALL of their money instead.
@tullochgorum6323
7 ай бұрын
@@midsein They had a number of revenue streams that would have been highly profitable if they hadn't squandered all their assets on foolhardy investments. Their investors may have been inept when it became to oversight, but they most certainly wouldn't have invested $billions if there were no profits to be made.
Calling Cryptocurrency and Industry is like calling narcotics plantation a form of essential agriculture.
@MrSupernova111
7 ай бұрын
Don't forget, they want to "rebuild trust" in the scam.
@user-it2mx6bi7z
7 ай бұрын
cryptocurrency lol nk currency to be fair currency is not an industry its currency valued to one another currencies! Trick question js Bitcoin an industry? and of answer no please pretend you have to answer yes and no and make up reasons if you have to. just try and rationalize the no its not and the yes it is! You could also think time is a factor in knowing as well as it needs historical trade value not yet available To be clear 99.99% of crypto anything is not an investment of currency whatsoever its gambling on zero air.
@hanaalexander2177
7 ай бұрын
Cryptocurrency is highly flawed, but the concept and the technology still stands. Blockchain is revolutionary but because its inception mimics the likeness of the stock market, people have abused it as such. Governments do this all the time, ignoring the power of an entity or an industry that allows certain groups to profit.
They all deserve to rot in jail
Usually court drawings are horrible but this time the drawing is actually nicer than the real deal. what a horrendous girl
@briantep458
7 ай бұрын
yikes
Education is key. Not your key, not your coin
All that being said the market still has that 1 person like SBF, being CZ that still to this day has not yet had verified audits of his exchange. So why should VCs have trust? Exchanges that have their own tokens should never ever be trusted. Sam got caught, others have, still more to come.
Let me guess she said "i dont have anything" 100x in her speech?
She's singin' like a blue bird to save her ass. Don't get me wrong, SBF ain't no better. They're both from the same mold.
How to make money: 1) influence people to invest and buy your crap. 2) shove money away so nobody can find it. 3) do illegal activities. 4) hire good lawyers to get you off the hook. 5) retire rich.
@mikatu
7 ай бұрын
Mate, you just discovered capitalism!
@anatta467
7 ай бұрын
silicon valley
What is there to research in crypto? What is not a scam.
How did anyone trust money with those two?
Caroline needs to be in jail with the rest of her inner crew. 🤬
and binance is doing the same thing like ftx and celcius? they used their customers' money for market manipulation, especially to keep the bnb price.
I wonder where there parents were and what/if they tried to intervene. Both of Caroline’s parents are economist at MIT. How?
3:50 hahaha exactly what I thought
They cooked the balance sheet to lenders customers won't c a penny
How do you rebuild trust in a scam? lol
If only Harry Potter could save her this time...
Is she human or is she a goblin?
@goodvibesonlyx
7 ай бұрын
loot goblin level 1000
@mikatu
7 ай бұрын
I think she defines herself as elf.
@rtqii
7 ай бұрын
@@mikatu Sultry Wood Nymph
@tranger4579
7 ай бұрын
No much worse... A Jew
@liudizzle
7 ай бұрын
and SBF actually hooked up with that? 🤢
Nonsense.... how can it be cleaned up when there is no regulation to keep these exchanges from committing fraud
3:33 he said it well 😂
Bet she wished she could turn back time both in her decisions and how it's all aged her.
@tmcurly
7 ай бұрын
She has always loooked like an old lady. She loooks just An old lady 90 years old 👵👵👵 but with baby soft smooth skin.. !!
She is very guilty.. She knew what she was doing While collecting millions for her pocket! She is not an innocent bystander She should be in JAIL!!
reporting about XRP now?? wow..
She was complicit
Forget Cryto. You can get rich stuffing envelopes.
@Dakid015
7 ай бұрын
Huh?
What’s with crypto advertisers ?
What about that old interview of her laughing at how much money she lost in one trade? She was a willing participant just the same as Sbf
what an "industry" where 1 person can do such damage! its simply ridiculous "industry" with blind people buying thin air for hard money speculating price will fly, but what intrinsic value all these "tokens" have, what problems they solve?
SBF got zero of my money. Zero as in none! I don't care who is pitching the exchange if it's off shore then it's a no in my book. They are off shore for a reason mostly because they'er doing something " a little strange for some change!"
Do they have cargo pants in jail? He will feel like home
SNFplayed the markets like a video game - except these were real people and real money. It was just numbers to them.
People shouldn't have confidence in any of these coins and exchanges.
SBF reminds me of Nero or Caligula. The wrong person in power for all the wrong reasons.
Imagine being in her shoes. SBF wanted her to make billions but she kept going backwards due to the crypto collapse. In an alternate universe, crypto and NFTs keep going up and she would be fine.
@briantep458
7 ай бұрын
yes it is bad, she may have to spend 10 years in the prime of her life in prison. But also think about the thousands of people who have lost generational wealth that they had saved for 10, 20, 30 years. That money is never coming back and the lives of those people will never be the same
@LeBerurier111
7 ай бұрын
Come on guys, people putting all their money in a non regulated and high risky asset like crypto deserved the lesson to lose it
@briantep458
7 ай бұрын
@@LeBerurier111 FTX was advertised on the SuperBowl with A-List celebs and several youtube "gurus". Not everyone is going to read the 1000 page fine print
Too bad the customers aint going to get their money back, self custody is always better
@kevindu7854
7 ай бұрын
The problem was a lot of users were also over exposed to FTT as well due to platform incentives and their guise as a legitimate and safe business.
Crypto and Stablecoin Transparency Act need regulation
Gary Gensler is/was more responsable on this issue ........
Oh yea. Traditional institutions coming into the crypto market will be great for crypto. I mean it’s not like it was created in the rebellion of traditional institutions causing crash after crash.
@nco1970
7 ай бұрын
Traditional institutions, crypto market,... there will always be greedy people everywhere. The issue is not the organization, the technology, it it human beings and their greed. Thinking that creating something outside the box will solve this inherent issue is pure fantasy.
Stop trying to centralize the decentralized currency - andreas antonplous
caroline is allegedly just as guilty as bankman - please stop making it like they are any differences.
@ryugurena3327
7 ай бұрын
She did nothing wrong
Cryptocurrency ain't going nowhere. Y'all got scammed
so many magic beans and tulip bulbs losing value right now. so sad.
i dont think i can stare much to that face... really, it makes me sick
@briantep458
7 ай бұрын
time for 240p
*Worried that they would be eventually caught for a pyramid scheme. There you go, I fixed the title.
She cheated people out of their money and is terrible. But jesus, she sure got cheated in chin department. Girl looks like a Bobs Burgers character.
bruh, what happened to her??? 😨😨😨
Shouldnt she be rotting in a cell somewhere?
Binance is brown bred
She is lying..I saw all her interviews in the past year, she was a ringleader and enforcer of their schemes. She can plead and lie all she wants.
10:48 is why I’ll never buy crypto!
Yeah. Dread. Someone had pistol on her head?
Poor little petal. She will just dress like a wood nymph again and the old men of the establishment will give her a pass.
Will she go to Prison??
SBF hacked my Miami reality
Sure she does, Little Miss Stop Loss will say anything.
How is he a "white knight" to "save the industry" ❔ He napalmed the industry ❕
Plis plis plis plis, no more poor woman she's a victim of those awful men narrative for everything, when she uses just as much money, privileges and luxuries as the rest of the bunch
Jordan has the most beautiful eyes
Is this video made from Puerto 🇵🇷 basement?
@andrehakmann5716
7 ай бұрын
Seriously?!
I heard something funny, cigarettes are the crypto in jail, the more you get the better will be for him.
Stupidity never goes away. People never learned from the Tulip mania and all the schemes until the latest, crypto-mania.
Stock trading=gambling. Few---VERY few---individuals can make money gambling in the long run. Remember that folks. Expert traders make mistakes, sometimes lose money but amateurs will ALWAYS lose no matter what the advantges.
Fortune favors the brave and it appears so do Hookers!
Bitcoin not Sh@itcoins (crypto)
Get my money out of binance. Whales moving money out on mass will create a short sell.
Bitcoin grifters crying now...well let them have it - the deserve it
can someone get the girl a hairbrush?
@ohhs7830
7 ай бұрын
Small point, does she ever wash her hair ?
Crypto. Biggest scam since religion.
Fox trading team was copying MMCrypto channel on KZread.
This poor girl is innocent!
@a.ashley5292
7 ай бұрын
🥴
@siarnaqfrost4968
7 ай бұрын
She already pleaded guilty. Nice joke tho, thanks for sharing.
Free SBF! No justice, no peace!
xrp will be king
Who are two random guys talking about crypto and saying the obvious? 😑🫤🙄.