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foreign [Music] FDX is a crypto exchange a cryptocurrency exchange founded by a young lad Named Sam bankman freed right got two last names attached together ones from his dad one from his mom for the sake of brevity were going to call him SBF okay it goes by SPF who is he well in 2017 SBF founded Almeida research supposed to help people with Investments and it happened to be also the same time that Chang Peng who calls himself CZ or C Zed among the commonwealth countries CZ CZ on Twitter he found it binance okay so binance is known all over the world maybe FTX is not known as much in other countries and in 2019 SBF founded f TX this exchange meets its own currency its called ftt tokens they print money out of thin air you say well how can they do that thats exactly what banks do go and research it Banks do that Banks dont have the money every time they make a loan they are printing money out of thin air they dont have the money so this is why the price of housing inflates or Ris