The "you trust the banks? lmao" crowd funneling their money into the pockets of random strangers will never not be hilarious to me.

People not trusting the banks and then giving money to a guy named "Bankman" is something else

“Isn’t it awfully convenient that you’re suddenly bad at your job, when it would be criminal if you actually knew” ~CoffeeZilla

Dan's comment from "Line Goes Up" saying that crypto bros saw the 2008 collapse and didn't think "That was BAD, should try to prevent that" but rather thought "How could I have been the winner that pulled out juuust right" looks very, very on point here.

The oldest rule still holds true: the easiest way to rob a bank is to own one.

The people who called this guy the next Warren Buffett are the same people who called Elizabeth Holmes the next Steve Jobs.

I explain it to my children like this: imagine a valet parking service where your car is then used by uninsured uber drivers...

I'm just throwing away all my money. I don't want it anymore. too complicated

"That is not a 'poor judgement call', it is theft and fraud." Coffeezilla telling it like it is.

He's so "generous" that he likes to give your money away especially to himself. What a nice guy.

Dont call them kids, dont do that. they are adults and new exactly what they were doin

The more and more I hear about this story, the more and more I am just dumbfounded at how human ego and vulnerable gullible people are a horrible mix.

The real drama begins when Congress hauls him in, and Coffeezilla appears as an expert witness.

The fact that they let him bail out of jail with other people's money that are losing every penny is crazy to me

"I'm sorry, I fucked up" isn't taking responsibility. If I was dying of thirst, & Dasani handed me an empty glass & told me it'll have water in it eventually, & they're sorry, I'm still dying of thirst. SBF is a liar & a thief & may as well change his last names to Madoff.

My god, it's just dawned on me that Coffee is actually at this point a serious journalist. He gets insider knowledge, he gets scoops and he does the work. This is blessed.

“Hey we have the money.” “We need to fundraise nearly the exact amount we owe people.”

Those criminals *NEEDS* to go to *JAIL* !

"1 billion in liquid assets, 9 billion in liabilities" Pretty much the story of my life.

Just saying “I’m sorry” isn’t the same thing as being accountable

What a fun story. "You can't trust the system, man... give your money to this random dude instead. Trust me bro."

Well - this has aged well

In her defense, "regular amphetamine use" constitutes the average ADHD prescription.

He was so generous, he gave away his customers money!

the funniest thing about the crypto scene is how it's literally just a speedrun of the history of scams and fraud, it's like the tiktok version of last century's economy

I just can’t even breathe thinking how something like this can happen to people and how people can even do this to others. So sad. So much shame.

As soon as I stopped being such a greedy person I gravitated toward coffeezillas videos. Dudes a good guy

"I have the money, but not right now" is a weird way of saying "Someone else has the money, but I'm pretty sure I can get it from them".

13:29 _​"Isn't it awfully convenient that you're suddenly bad at your job, when it would be criminal if you actually knew?"_ - this is exactly the sort of thing the prosecution is going to throw at him. There is no possible way he can get away with this.

not into finances/crypto or whatever BUT this subject had caught my interest and i jumped into the YT rabbit hole and i have to say out of all the stuff i have watched you have covered this shitstorm better than anyone including multi million dollar international media organisations! like your unbiased factual approach and the way you admit when you don't know something to be 100% factual. liked & subscribed👍

So the bottom line is, never trust anybody with your Money. Whether you deposit it in a Bank Account, deposit in your Crypto Account, deposit it in your Robinhood account, deposit it in your Fidelity account, or any other Financial Account. All of these are 3rd Parties to whom you are trusting your Money with. And they all use the Money that you deposit and hold at their Company to invest and gamble in the Stock Market, Real Estate Market, or Crypto Market, etc. Banks also invest your Money, so don't just assume that your Money is always safe with a Bank, in fact, if everyone went to withdraw their Money all at once from a Bank, the Banks would collapse because they don't have the Money of all their depositors. In short, try to hold on to cash as much as possible, the old school way of hiding Money under the mattress, keeping it in a locker at Home, keeping it buried under ground, or stashing it away at in some secret location, etc...are still the best places to keep your Money. Never trust anyone with your Money, Precious Metals, or Investments. That's just how the World works, as soon as you give your Money to be managed by someone else, that person will take risks and gambles with your Money.

Reminds me of Enron using its own stock as collateral to hide its own debt

"I've never seen a CEO take accountability before." Wait, did this guy not remember when the man, the myth, the legend, Satoru Iwata cut his own pay in half to save his employees when he admitted his Wii U idea was a failure and took responsibility to prevent any layoffs????

It’s just so wild how all these famous people got on board with them.. it’s like Fyre Fest x 1,000

Usually when a person talks about how "Good of a person they are" the more likely they are not a good person.

This whole story is becoming the conversation between the optimist and pessimist. The pessimist says, "it can't any worse than this.", but the optimist replies, "Oh, yes it can."

It's not too hard to be generous when it's someone else's money.

Great reporting. Honest about facts. The biggest fault the masses have, is not being able to separate what they KNOW, from what they BELIEVE

"Welcome to the future, it sucks here" No truer words were spoken.

"Oh look, we got hacked, all the money is gone" - CEO of exchange going insolvent.

Bankman-Fried has to be the best name at the heart of any financial scandal I've seen!

You forgot to mention how much money he gave to the Democratic Party. There’s more to this than just liquidity issues.

As Will Rodgers once said, “I am more interested in the return of my money, then the return on my money”. These thieves belong in jail, the only question is why are they not under arrest???

Coffee you're the only one tracking this stuff at such a high quality. Thank you! He ought to go to prison.

This why you never take sponsorships or financial advice from YT or influencers. It’s in their interest not yours. Due diligence always

When I see fraud I always see then explain what they are doing as if someone else is doing it. A lot of time that's the angle they use when trying to get people to go along with them. They explain a scam they have a lot of knowledge about and how the method they use is different and that's when they start using words to make it seem like they are on the side of the people they want to take advantage of.

He got greedy, wanted to tint his Toyota

Coffee videos go hard man!

This is so much more intense than I thought it was, coding a 'back-door' into financial reporting of your own company is the most sus thing I've ever heard anyone at a company do, holy crap

Honestly watching silicon valley may be the best thing to do before starting a tech company

The difference between Robin Hood and Sam Bankman-Fried is Hood stole money from the rich whereas Bankman-Fried stole from rich and poor.

The industry: "This cant get any worse!" The narrator: "...And then it got worse."

Seeing Coffee going from 2020 to 2022 is just so inspiring

Have been following this series. Such a great job you’ve done on this serjesz

When he literally described what fox did in front of congress I was geeking

There is a reason why UKpostsrs are starting to get paid the real BIG BUCKS. The amount of effort and research power that goes in videos like this is legendary. More power to you my man.

That's insane that the criminal CEO can casually flee to another company while this all is happening. Such allegations (especially while filing bankrupcy) should put the CEO at travel restriction to see if he is found to be guilty of fraud.

Karine talking about crypto regulation might be the only wise thing the Biden Administration has babbled.

"welcome to the future, it sucks here" pretty much sums everything up very nicely

"Was all this legal? Absolutely f**king not" - the wolf of wall street

SBF was worth billions and gave it all away. He really is the most generous man in the world

This guy's report to the government aged like milk

I gotta say your videos are some of the only ones that watch all the way through Mainly because I don't ever get bored You're very good at engaging your fans

I only just started watching this guy but the fact that he has every reason to be smug right now and chooses to just present the facts honestly makes me like him.

The 'hack' is 100% an inside job. Even if their codebase got hacked, the hacker would also need to have access to their Apple & Google accounts in order to push the update in the app stores. I'd imagine only a number of people would have access to those e.g. SBF, CTO and other technical people very high up on the chain

The guy says: don't trust banks, and is called Some bank-man fraud? Defrauds you with his "not a bank"? And he's jewish!? well that actually makes perfect sense...

15:39 *YIKES!* Imagine That coming at you, high on crank, demanding some Smush-Smush...lololol

I’ve seen the “I’ve been hacked just now!” excuse from people posting nudes or slurs on social media, but never from multi-billionaires owning financial market makers

Seems quite likely that this supposed "hack" was part of a pre-planned rug-pull style exit strategy that SBF had built into the system along with the backdoor.

thnks buddie , best explanation i've listen by far clear , understandable and accurate as it looks , thnks again

Just as a mini update: I heard in the news yesterday that 5 of the senators who voted against a govt probe of FTX actually had received donations from FTX!!🤔🤨

Just saw Spencer's video on this whole situation and Coffee's resulting comment. Pretty disappointed in Spence, feels like his POV is a bit of coping that some of his friends made a decision around promotion. Appreciating how consistent Coffee is when holding people accountable. Still undefeated.

It's actually incredible that so many people are only now discovering lying...

Politicians ruin everything

Don’t expect someone to take care of their business if they can’t even take care of themselves.

I feel like Coffee deserves his own series on Netflix.

Gotta love how SBF's tweet is structured exactly like an "I'm fine. Everything is fine." meme

Scammers became the new bankers but even worse without regulations

The hacker was SBF himself l, it's like a Scooby-Doo episode

Crypto has a long track record of stuff like this happening then the CEO ends up faking their death while millions suddenly disappear. Wonder if that’ll happen here.

Just saying “I’m sorry” isn’t the same thing as being accountable absolutely

"WELCOME TO THE FUTURE, IT SUCKS HERE" more true words have never been spoken

One thing I highly recommend: reading John Ray's (the guy who restructured Enron) bankruptcy filing. My takeaway was: what else is there? Is there another shoe waiting to drop?

Amazing. These videos are better than anything mainstream media is putting out. Keep up the good work

Okay, I am more convinced of stuffing physical money under my bed.

"Welcome to the future! It sucks here!" Truest words never spoken

Well the problem here is people trust the word of a CEO without any proof.

Listening to someone lecture people on finance when they deal in vapor ware and have their exchange "hacked" is laughable at best

wait a minute. does coffeezilla have a fucking wardrobe where he always dresses up like a 1950s detective on his job, every day?

That guy knew all along what he was doing. He figured out the Banks got away with it in 2008 and did it in an even more complicated manner. It just caught up to him. It will be interesting to see if they can ever recover the funds stolen and whether or not he goes to jail. I'm sure he figured if the bankers got away with it, he can too

It's all sort of tragic but it's very amusing. What were these people expected going to happen. They bought into something they did not understand.

'it got so much worse' is exactly what I want to hear, gimme that sweet juicy content, baby

4:45 This. This is what I and the world need to see much more of: maps showing the internal organization of corporations.

glad this clip was on atourney tom. that reminded me to come look at all the videos here. great channel here

You are the man. You pointed out SBF ponzi scam 6 months ago. Thanks

You are like our detective from the 70s who just wouldn't let shit go until the truth is told, incorruptible, and needs some sleep. Get some sleep brother, we need you later. Bless and love 🙏❤

Next up. Spencer Cornelia saying it's no one's fault. 😂

9:12 Referring to it as an Incestuous Relationship really got me LMAO

It’s crazy how insane this story has gotten. I’m so glad that i didn’t put my money with them. But it also makes me worried about how easily all of this came down within just 24 hrs who knows what will happen in the next 72 hrs.

“In retrospect, the currency backed by memes was bound to be less stable than the one backed by aircraft carriers.” -Anonymous