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hi welcome back to Joe blogs this video is another update on the FTX situation if youve been following the channel youll know that weve been documenting whats been going on since the chapter 11 bankruptcy was applied for on the 11th of November and the whole thing is now completely unraveling and were starting to get a lot more detail and information and in the previous videos Ive focused in on some of the corporate issues weve been looking at the corporate structure so we went through the four silos that John Rays identified so weve got the US business weve got the worldwide business for ftx.com weve got Alameda research and weve got the investment business The Venture Capital arm and hes having trouble being able to find the cash where any of the money actually is hes also having trouble being able to find any records any controls basically anything that you would expect in a normal company of this size and lets not forget that this company was valued at 32 billion do