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in this video I know that youve probably watched millions of other videos and read tons of other articles on what happened with FTX so I want to focus specifically on a short summary of what happened how we can prevent this from happening in the future and what you can do to move forward first off what happened with FTX in as few sentences as possible heres what happened with FTX FTX us and FTX com are both crypto exchanges and for this video we should think of them as one company even though they technically werent because they essentially were when one went bankrupt the other one did as well Alameda research is another company which was not a crypto exchange but instead a trading firm that supposedly made money by making profitable trades both of these companies were owned by a man named Sam bankman freed so FTX the crypto exchange it should have operated like this you give them money and they give you crypto lets call this a crypto ATM however this is how it really operated main