ilmscore | My Response To FTX

My Response To FTX

Published: 2022-11-29
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
Going forward, the speaker will only partner with companies that have established consumer protection frameworks like SIPC for stocks and FDIC for banks.
"I'll be ensuring that any companies I work with have the proper consumer protections already in place. That means for stocks it's SIPC insurance and for banks it's FDIC insurance."
Consumer Protections
Pending
FTX US claimed to be properly capitalized, fully backed, and financially capable of acquiring bankrupt companies, with $1 billion in reserves and no risk of default.
"they assured me and a lawyer that they were properly capitalized fully backed and were in the financial position to even buy up the companies that were going bankrupt they also explained that they had a billion dollars in reserves and were at no risk of defaulting"
FTX
Pending
Cryptocurrency regulation was a significant topic, with assurances from FTX US that they were proactive in compliance and working with regulators to enhance the safety of the crypto space.
"cryptocurrency regulation was also a topic that was gaining a lot of attention and when it came to that they assured me that they were at the Forefront of compliance and working closely with Regulators to ensure that the entire space was a safer place for everybody"
Cryptocurrency Regulation
Pending
In the future, the speaker will ensure that companies they partner with have established consumer protections, such as SIPC insurance for stocks and FDIC insurance for banks, to safeguard customers.
"going forward I'll be ensuring that any companies I work with have the proper Consumer Protections already in place that means for stocks it's sipc insurance and for banks it's FDIC insurance"
Company Vetting Process
Pending