Billion Dollar Bankruptcy Gets WORSE

this is probably illegal and Mark Cuban is a terrible crypto investor.
Voyager is a crypto broker that recently went bust, filed for chapter 11 bankruptcy and customers are worried about their money. I'm here to breakdown what Voyager did, why it matters and why what they're doing might not fly in court.
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This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch.

[@Coffeezilla]

when subscribing--use code MAV100. It's a *nearly* risk free investment.

[@bitpat7008]

Shieet you don’t need to tell me twice

[@troar237]

it's been really cool watching you make your ascent doing good work and getting good money the right way, don't drop it 👑

[@claudiopalmeri8882]

We need a video on Andrew Tate!!

[@DontBeStoopid]

That’s a lie, I lost all of my money.

[@magiala5577]

This man is saving the internet. Internet Batman

[@timothyswindell4924]

Nothing screams “decentralized finance” more than partnering with a bank…

[@CrocodileWhispers]

Dang fed only prints money when it gets in trouble!! Voyager: so our plan is to mint more useless coin.

[@RemyBeast]

I was scratching my head about that one.

[@treyshawnee]

IRONIC!

[@alexs1540]

just Fi doesn't have the same ring to it as calling your project DeFi

[@23Butanedione]

@@investwax you are out of your mind if you think crypto is going to end anytime soon. Crypto is in desperate need of regulation, a lot of fat has to be trimmed and meme coins need to die. BTC, ETH is going anywhere homie. You sound like don't like crypto, why wouldn't you agree with it on concept at minimum? Wouldn't be nice to have an alternative to banking? I don't understand people like you

[@GREENBANANAS999]

The fact that this is a sustainable weekly series is unsettling

[@kavky]

Coffe could upload daily and still not run out of material.

[@enttropy7382]

And here's the real elephant in the room...

[@randomuserame]

It's the beautiful destruction of a corrupted and unsalvageable market. I _briefly_ got into crypto, and exited quickly once I figured out there's nothing to do with it, no reason to have it, and most "projects" are just pump and dump ponzi scams. The only crypto I have left is what I can't sell off becuase I can't pay the transaction fee to get rid of them.

[@dwiatmika9563]

Crypto and NFT are cancer

[@WolfHound911]

It 'was' the Crypto 'Gold Rush' era and much like the Klondike era, only the pickaxe sellers walk away rich.

[@tommygun5035]

Imagine loaning Alameda over 350 million and calling it nearly risk free 😂

[@harleyspeedthrust4013]

this hits different after the ftx crash lmao

[@warlordnipple]

Well there is a risk something happens and a risk it won't. This company failed to mention they meant there was a 100% guarantee to lose your money, not the opposite.

[@heavyhussar9327]

The fact that their lawyer doing legal shenanigans is named Sussberg is the definition of a Freudian slip.

[@fauciliedbeaglesdied6537]

"Like all ponzi schemes, this one was different." 🤣

[@Gyrfalcon312]

That line never fails to make me laugh, either.

[@mayakashisagan4025]

Not like other ponzi schemes

[@TheebX92]

Voyager had a plan

[@destroyerinazuma96]

The hilarious thing is, under one of YT videos explaining what Ponzi schemes are, someone was trying to logically prove how to make a Ponzi scheme that would actually be benefitial to everyone. Except that would be an oxymoron! If you have an organisation that doesn't take new members money just to distribute it to older members, but instead uses said money to actually have a real yield (like investment or to directly fund a legit working business, which is also investment), then you don't have a Ponzi scheme! In a way I just described how some banks work, or on a lower scale how certain societies worked. You could take a "Nanking people's society in Shanghai" in the 1920's where everyone knew everyone, and Chinese merchant Hu would borrow from his cousins to fund his brother-in-law, Chinese merchant Wan, then Mr. Hu (or even Mr. Wan directly) would later give the money back, with interest if interest was agreed upon.

[@CODCritic101]

They had it all !

[@DonCardboard]

Imagine if a stock brokerage like Robinhood turned around and told a court "No actually all our clients stocks actually belong to us it turns out" It makes so little sense it hurts to think about. Yet that is what Voyager are trying.

[@donjean6590]

Issue is the code is law. And technically the wallet that has the crypto owns the crypto. Is disguisting but basically putting your crypto into someone elses wallet is in effect you giving it to them. Yes there maybe some sort of gentelmens agreement about it but since ita not regulated they dont actually have to do anything after you have given it to them. This is what so many people do seem to get and why they get scammed over and over. Its been covered on this and other channels before. No regulation means no comeback once they have your crypto in their wallet. Asbthe judge says this isnone of those novel decisions because technically what Voyager said is true. They own The crypto not the customers.

[@ori9761]

You think Robinhood wont do that? Who owns a fractional share anyway

[@kurt-vanmorgan635]

One is regulated and one is not

[@Palemagpie]

That....that is what they tried during gamestonk remember? They liquidated some peoples stocks and claimed they had the right as the brokerage. There was a big stink about it. And nearly a class action lawsuit. That's why they backed off.

[@doom2avatar]

@@Palemagpie those shares were purchased by users ON MARGIN

[@carlitoconqueso]

I had almost $1,000 in crypto with Voyager earlier in the year and decided to sell it all and pull out my cash. Watching your videos opened my eyes to just how volatile every aspect of the crypto space can be. I thought it best to pull everything at a total loss of about $80. So glad I didn’t wait, man. The person that turned me on to Voyager and ADA put his whole 401K in!

[@heyryanisonx3141]

What happened to the 401k guy post collapse?? :0

[@mikesanders8621]

What's wrong wit you? I already say you he dead.

[@myguy2527]

@@mikesanders8621 my guy what are you talking about

[@samritz742]

LMAO

[@mosescosme8629]

5:37 Anyone notice that they also loaned out to Alameda?

[@HuskyObscura]

Or that a ton of the shark tank members are in a lot of these scams

[@hthring]

yep, thought he was going to point them out instead .. lol

[@nczioox1116]

@@hthring this video was before ftx/alameda scandal

[@astronemir]

Then they loaned out more to Alameda to get out of it.

[@kalubshores5323]

based on the numbers there, this would mean AT LEAST 91% of their loans were based in companies that were likely insolvent at that time. Like damn, how much of Crypto ISNT a scam? Even the scammers are getting scammed out of billions

[@jamesrule1338]

Before failure: It's the safest way to make money, you can't lose! After failure: Look we all knew the risks.

[@chimchu3232]

Why I never put my crypto with them or Celsius. Self custody, or stay away imo. If it sounds too good to be true, it is

[@keit99]

Crypto: the decentralized world of unregulated centralised institutions.

[@thatsthejobbb8587]

This happened in Ireland post 2008. The Prime Minister there said "well, we all partied" and then proceeded to say people who had defaulted on payments and lost everything should consider "terminating" themselves😅

[@kongeethegod]

Why the fuck did the CEO look so nervous with Mark was reading the promo 😂

[@roseanne1466]

Because he knows it's a scam! 🤣

[@jaz6051]

Haha yeah I thought the exact same - dude was stressing out hard!

[@uhhTabby]

He knew they were going bust and was thinking about all the people that’ll be mad at him 😂

[@judgykaeru]

He looked high.

[@TheebX92]

Panic attack on stage 😂

[@WoRstVoRt3x]

I feel like at this point, If the CEO or some other representative of these coins say they're still liquid (when there's speculation they aren't) or aren't having any problems. It's a sign you need to take your money out immediately. Their just trying to placate you before they freeze withdrawals

[@laine3396]

and that's how bank runs happen

[@joshyoung1440]

"At this point" you must be very young to think that this is just a thing "at this point"

[@joshyoung1440]

@@laine3396 ta-daaaaa lol

[@nothobbesmufc949]

@@joshyoung1440 well crypto wasn't a thing 30 years ago so....what are you trying to prove here

[@TheSynthisis]

Coming back and seeing Voyager got a load from Alameda is just a chef's kiss moment. The Ouroboros of scams.

[@MrDestroys]

People shouldn't trust companies that don't fully disclose how they actually function

[@redhairdavid]

Doesn't that describe most companies?

[@jamesmeow3039]

@@redhairdavid do you honestly trust most companies? I don't.

[@gradon89]

@@redhairdavid no, but it does describes most crypto companies

[@MochaZilla]

@@redhairdavid hey now you're getting it! 👏

[@AlexCS8]

@@redhairdavid what do you mean most companies don't disclose how they function ?

[@MyTv-]

Was it Warren Buffett who said, “It’s time to get out, when everybody tells you to invest“?

[@spaceland1071]

yup and he was right

[@CloudWalkBeta]

Sounds like him, and wasn't it his pal Charlie Munger who called Crypto a load of rat poison? XD

[@theotherohlourdespadua1131]

Buffet is just paraphrasing what Joseph Kennedy Sr said before the 1929 Stock Market crash...

[@notvisibleconfusion]

Accurate

[@larryo6874]

@@CloudWalkBeta I believe Buffett called crypto rat poison squared.

[@phatx5219]

When you go to a "crypto" site and realize you are not getting answers on how they operate, invest etc but somehow there are shills on social sites "parroting" elaborate semantics that right there is how you end your research. You hit the "this is a scam/scam" jackpot.

[@danielj5136]

Voyager: "Deposit YOUR crypto." *deposits crypto* *Voyager pulls out Soviet Bugs Bunny meme* Voyager: "OUR CRYPTO."

[@samsonsoturian6013]

Everyone is socialist when they control the money

[@kuebby]

It's like The Simpsons lawyer joke. Deposit, y? Our crypto!

[@violetwtf]

"but like all ponzi schemes, this one is different" nothing sums up crypto better than those 9 words

[@SrirachaPlz]

As a CPA I have to say I really appreciate the accurate and detailed explanation on different types of bankruptcies, FDIC, etc. So many KZbinrs just talk out of their ass about legal and financial matters that they haven’t bothered doing proper research on.

[@mac23806]

Meet Kevin is one of the only legitimate channels I trust he's very transparent

[@Rok1900]

meet kevin is trash lol wtf are you talking about

[@haroldb6773]

@@mac23806 absolutely not. The guy promotes shit to uneducated people and then sells courses

[@dr.z3426]

"As a cpa" I'm so glad you clearly explained SIPA and chapter 11 because "IM A CPA" and when you highlight these easy to Google things I get to act like I'm so much smarter than youtubers and let people know ImAcPA......that's how you sound

[@tomrulz444]

​@@dr.z3426lol read your angry comment and tell me you don't sound like another sad internet troll.

[@addy808s]

coming back to this one to find alameda... Oooff

[@kylebroussard5952]

I have a friend that lost about 90% of his liquid net worth in Voyager. I told him probably about 10 times to only go with a US based company that's FDIC insured, even if theres more fees and less functionality. He could not be saved, still blames everyone but himself to this day.

[@adamzaczek6342]

Ponzi schemes are bad but your videos make them fun to hear about, and thus, educational. Thanks Coffe!

[@patrickbaklava7297]

Ponzi schemes to me are just a version of natural selection.

[@fruitbag]

It’s called ‘Edutainment’ 🙂

[@RustOnWheels]

Yeah thanks Coffeetime! I do not gloat about the losses of duped people but I do like to see the tears of the “FUD”-yelling crypto bros.

[@messwithhelpy]

Something to watch on the toilet. ☺️

[@royalmike4757]

So every business that makes a bad investment is a ponzi scheme?

[@spiritualanarchist8162]

The older i get the more i notice how the richest people in the world aren't that smart. Not even with money.

[@id10t98]

It's mostly luck. Being born into the right family, having a banker that believes in you...there's a couple of things that help immediately...

[@theotherohlourdespadua1131]

@@id10t98 That's the thing that sucks. One can do everything right and can still go wrong. That is why many people really don't like to accept that idea...

[@KidddBlast]

They are smart but they still make mistakes. The thing about rich people mistakes is that it wrecks a lot more people

[@SebtorDude]

They aren't dumb either. It's just that many of them are financial "one-trick-ponies". Things fall apart when they lack the self-knowledge to understand the boundaries of their one trick.

[@arjunratnadev]

@@SebtorDude exactly, desperation makes most people vulnerable

[@tcgbattlingmaster925]

After seeing everything with the FTX collapse. I sat here thinking “hmm, this seems familiar”.

[@redstoneablecz5742]

Watching this after FTX - as soon as I saw Alameda next to Three Arrows I was like NOPE NOPe NOpe Nope nopee

[@Tottosmile]

It's the ultimate bait and switch. "Nearly risk free" at the time of investing but "we knew the risks" as soon as it crashes.

[@livelongandtroll9108]

*"Our customer's assets are safe and we're processing everything as normal..."* Translation: *RUN*

[@livelongandtroll9108]

Also valid if Mark Cuban tells you about a project.

[@lasskinn474]

also "their cfo showed me proof everything is okay" followed by "I'm not a victim".

[@joshuashaw2923]

My favorite part is that a quarter of their loans were also in Alameda… nice job guys

[@GGutium]

Lent to Alameda Research? Making connections in your videos is literally mind-blowing. The dominoes fall one by one.

[@renaissanceman9034]

The cognitive dissonance among the people who invest in these scams is off the charts.

[@id10t98]

"It's the blockchain, bro, you just dont get it."

[@Kolby.with.a.K]

Voyager was just a medium to invest in crypto. You could just put your cash into USDC and gain 9% interest. Why blame the ppl rather than the company?

[@jschnabes13]

Because the people are gullible morons who do not understand what they are getting into.

[@brandonburns5365]

@@Kolby.with.a.K Do you hear yourself.

[@petec3250]

Blockchains have nothing to do with it. Voyager was an exchange and lending platform.

[@cursedex80]

At this point, crypto and Mark Cuban is like the real life version of the "how many times do we have to teach you this lesson, old man?" meme.

[@Palemagpie]

When that old man stops making money ripping people off. Clearly

[@ericv4189]

This isn't an issue with crypto tech. This is an issue of human-driven decisions leading to over-leveraged markets.

[@bjorn6084]

Charles Ponzi: "Human-nature never changes" As such, the desire of people to engage in wild speculation, will always exist forever.

[@tjenadonn6158]

@@ericv4189 I don't see those shit happening with this same sort of near-weekly regularity in any other investment sector bucko.

[@ericv4189]

@@tjenadonn6158 Absolutely, crypto is more volatile over shorter term scales. Now take a look at how assets have performed over the past 10 years and show me a single thing that has performed better than bitcoin.

[@oblivian1308]

3:55 😆 I was laying down I had to sit up after"he seems great 👍" 😂

[@DeepBlueDiscoveries825]

I knew the risk of investing when it pertains to the market value fluctuating. Never would have expected to have essentially robbed. I certainly did not consider my self a unsecured investor. My understand is the crypto I bought is the crypto I own, including the interest accrued

[@Football__Junkie]

I did a spit-take when you said the “hedge fund” took the money and invested in Luna. The incestuous nature of crypto is reminiscent of the systemic exposure in 2008

[@samsonsoturian6013]

Technically they were a hedge fund because they used private equity from rich people to fund their investments, but that doesn't mean they were licensed stock brokers.

[@Football__Junkie]

@@samsonsoturian6013 I was mainly referring to how one Ponzi scheme was taking money to invest it in another Ponzi scheme to chase returns

[@samsonsoturian6013]

@@Football__Junkie yeah, which is why all these grifters are correlated to each other

[@ChengTeoh]

Voyager : "We have the experience to back our decisions and weather any bear market" 1st Bear Market : "No so fast"

[@rtqii]

5:35 - Screen Shot - The top three companies on this list are all bankrupted.

[@hat1324]

Heh, that Alemeda Research was the first thing I saw as well 😅

[@bonemeal894]

Yeah I was searching of someone noticed that

[@Duckingitout]

Seeing that Voyager had Alameda Research on their top 2 in the books means that this bankruptcy is going to last quite a while.

[@samuelwittlinger7790]

At this point when I hear Mark Cuban I just expect a new scam.

[@simbad909]

Lol the cuban effect

[@empoweredwhiteeqyptianking1049]

Jews will jew

[@DxModel219]

i never liked him

[@billh.1940]

I bet mark lost none of his own money! They never do!

[@DxModel219]

@@billh.1940 billionaire scums never do

[@DawryMike]

Crypto is showing what really happens when you have a market completely devoid of regulation.

[@djgg8156]

These things happen in dark pools of regular markets all the time. You just don't hear about it cause its behind closed doors. With crypto you can see it all. In fact, the issue here was backdoor deals between Voyager/BlockFi and other entities (3AC). Actual decentralized lending protocols like Aave and Compound are working just fine even through the huge crash across asset classes, because code doesn't lie, people do

[@andrewg..]

centralized companies built around crypto ≠ crypto

[@DawryMike]

@@andrewg.. LMAOOO

[@nii_amart]

What's happening in crypto happens in the regulated market as well. The difference is that in regulated markets, those in charge are held accountable and get jail time in situations like this.

[@henryjoseph3584]

I think more over it shows the effect of the greed of people superceding their responsibility to actually investigate what they are investing in. You can't regulate human greed, people will always find ways around the system. If you're going to invest you need to get educated

[@shroombles]

i found coffees channel a couple months ago and i swear this man had barely a mil subs. he's blowing up!! congrats man

[@jgzbaby777]

I knew celsius was a scam when they were offering 14% lol

[@ChinaExpatsRC]

Keep hearing the same story "somewhere in this 20 page terms and conditions document is a sentence that says all your money is gone". Are we enjoying being our own bank yet?

[@xx4248]

You don't understand what private keys are I take it lol

[@ChinaExpatsRC]

@@xx4248 But if you keep your coins in a private wallet how can you get those delicious 20%APY ponzi scheme rewards?

[@matthewcastillo9951]

@@ChinaExpatsRC , Nice. That’s what cryptos are/ a ponzi, and a fad.

[@matthewcastillo9951]

@@xx4248 Wtf

[@_VISION.]

@@xx4248 what does that matter?

[@zilliq]

So basically their genius plan was take the assets from their customers, stake them into Luna, cash in the 20% interest of Luna and give back 10% to their customers.

[@flashypork]

Lmao, perfectly said

[@BobbyHo2022]

but why use 3ac?

[@gregmccauley1687]

That was what 3AC was doing, yes. Voyager lent 3AC their customer's money at high interest. 3AC became unable to pay. RIP

[@proton8689]

So basically the customers were just cashing into Luna, with just a middle man taking half of the interest. A Ponzi scheme on top of a Ponzi scheme. Ponzi Supreme

[@Akutukananu]

Checks out 🧐

[@SecondTake123]

All of their "investments" went to paying Mark Cuban 🤣

[@seanrrr]

The one thing I'm learning from these videos: the more a crypto CEO says "the money is all there" or "everything is fine", the more worried you should be.

[@NooBLT606]

I lost 20k on their stock. I followed this company closely and you got everything right. Steve definitely lied to us. Keep up the good work

[@donm2067]

If you're just giving away money I could use 5k$.

[@MundaneThingsBackwards]

@@donm2067 You have to promise him low risk and high returns on his "investment" buddy! lol. Not gonna roast OP too hard, though. You live and you learn.

[@V-187]

Dam sorry to hear that.. Trying to send u some luck so u can triple that!🤞🏽

[@That_One_Guy...]

@Mighty Nooblet Damn what a shame man, i could use 10k of those to buy some real education, what a waste of money.

[@NooBLT606]

@@MundaneThingsBackwards I was a stockholder. If anything the high yields were a burden to the balance sheet. That’s why their “marketing budget “ was so high. They used it to pay some of the yield. They justified it by saying it was to acquire new customers. I was in it because of the promise of a debit card, being able to buy stocks with crypto, and expanding into Canada and Europe. You’re right though. You live and you learn.

[@squidward1839]

Watching the crypto meltdown is my guilty pleasure.

[@Lobonova]

People like you will get bad karma.

[@yousefkiller1293]

Too real

[@infosneakr]

My pleasure, no guilt. No money invested. I dodge bullets baby

[@Lobonova]

@@infosneakr and your also not rich cause if you bought btc or eth a few years ago you would be

[@squidward1839]

Oh yeah man, I left crypto once the gurus migrated towards NFTs and other bullshit. Just fun to watch from the sidelines. It’s like a slow-motion car crash

[@michaelb1348]

Risk free loan to Alameda research LMAO

[@PeopleofReddit66]

Man I remember at one point I had over 25k in Voyager and sold all my Cardano during the bull market & haven’t invested invested in the brokerage since

[@CinemaATTACKS]

Their lawyer's name is Sussberg, I'm guessing he was the 2nd choice since Crookstein was on vacation

[@OU81TWO]

He was on vacation with Scamowitz. Edit: "The law offices of Sussberg, Crookstein, and Scamowitz". It's got a nice ring to it. Lol.

[@customs1003]

"Crypto will replace cash in the future!" "ok, so how do I get started?" "Give me your cash!" "so why do you want my cash if it'll be worthless in the future?" ... (end of call)

[@alphaomega9563]

thats what i never understood cypto such a scam

[@Elliott_Elliott]

Crypto is a scam. It's Bitcoin self-custody only.

[@michaelstreeter3125]

4:47 "their CFO showed me a whole lot of evidence that things are fine" he said, shifting uncomfortably in his chair while he said it.

[@acousticide]

I have to say again...... this is a great channel. Your work and presentation is awesome.

[@thedevilsadvodkate]

Coffee should make a video calculating all the money people lost in all these defi companies and how much promoters made total. It would surely blow people's minds if they saw the total figure.

[@ShorlanTanzo]

... that's not defi, but yeah there were a lot of "losses" that ended up in someone else's pocket..

[@minnesnowda2510]

How many people got rich in the last decade of crypto and defi, Same number of people lost money because it’s a zero sum game

[@ekki1993]

@@ShorlanTanzo DeFi is just a buzzword. And a contradiction. Finance without centralisation is just scammer heaven. Which is, predictably, what happened with crypto.

[@ekki1993]

@@minnesnowda2510 Not same number of people, just same amount of dollars. I'm pretty sure the ones who made money are a minority earning money from a lot of people's small losses.

[@PointsofData]

That'd be difficult, think of the thousands of wallets you'd have to track down and the tens of thousands (if not more) of transactions you'd have to cross reference. Wouldn't really be worth the effort imo.

[@ugoeze7360]

“Like all Ponzi schemes, this one was ‘different’”. I’m done. 😂😩

[@waxmeltfan]

these videos are so pleasant to throw on and binge over and over. playin some zombs, throw coffee on in the background

[@rg975]

The best advice I got when I started investing in crypto was: “if you don’t have the keys to your wallet, it’s not your wallet”. Everyone getting rekt is holding their money in centralized exchanges and don’t have control over their wallet.

[@sonicrushXII]

Honestly the fact that 'billion' is being thrown around on this channel, shows just how much it has grown

[@ScorpionXXXVII]

more like how big scams have become...and how common big scams have become.

[@biggrocc19]

shows how big ponzi schemes are currently, not so much the channel

[@RustOnWheels]

Pump the stock! $ZILLA to the moon!

[@ericv4189]

@@ScorpionXXXVII You think bitcoin is a scam?

[@roseanne1466]

@@ericv4189 it is

[@allenwarfield]

Crypto newbies are finally learning the age old lesson of NOT YO KEYS, NOT YO COIN!

[@xx4248]

Amazing how many in this comment section fail to understand this

[@brycesullivan7950]

Because the majority of these new investors are young and very influeneable.

[@baghodler508]

The whole month prior to this happening I got at least 10 notifications on my phone say your money is safe and fdic insured, that with the ceo claiming they were good had me hooked

[@toomanyaccounts]

LOL! The fdic didn't insure them since they were not a bank and didn't want to be regulated. They Lied To You! You can verify who is fdic insured on the website setup by the federal gov't. guess what they weren't listed

[@DropFrameStudio01]

My guy coffee coming thru with the suspenders. Great content man.

[@TylerBridwell]

I'm just happy I can finally buy a reasonably priced video card.

[@ncournault]

Underrated

[@BrentWalker999]

Have prices dropped yet?

[@PointsofData]

@@BrentWalker999 yeah they're back to market value

[@sullychow4123]

The whole "it's not your asset" very much reminds me of buying digital games in the current state of the industry

[@ignaciogonzalez8716]

It's just a license to play the game.

[@arifhossain9751]

with how many games that are selling nfts right now, i wonder how long it will be before you need to buy nfts to get access to a game

[@moshunit96]

@@arifhossain9751 those are all shit games though.

[@arifhossain9751]

@@moshunit96 agreed

[@RunBayou]

Why i got gamepass. Rather pay a flat fee every month than have the illusion i own any of my games

[@nandans2506]

5:40 alameda was second biggest, LOL

[@Kahgro]

Voyager has the same business strategy as a bank but claims 10,000% better returns. Cryptogoons: Seems legit

[@EbonMaster]

"Like all ponzi schemes, this one was different!" Is now my favorite quote from you ever lol

[@ThePdeHav]

What unalloyed idiots Voyager were. When investing - diversify. What did they do? Hand over 50% of their assets to a hedge fund to …… invest back into a crypto. Crazy. Like making money as a horse trainer and then taking your winnings and betting against a rank outsider.

[@FEE8Tth8BEA8T]

Perfect analogy lol

[@shehuyakubu3751]

No sir, it seems you don't fully understand the scam. When these things "crash" how do you think these scam "ceos" get their cut? THROUGH ALL THESE UNSECURED LOANS AND INVESTMENTS THEY CLAIM THEY MADE! and if you believe Mark Cuban lost any money then you're just as naive as coffeezilla. He might have good intentions but he's a shill too! Just a honest shill! If the story came out that Mark Cuban made money from a rug pull what would that do to his reputation as well as his wealth from potential law suits and criminal investigations?

[@ccdev]

Love the techno noir design of the room. Coffee is a mighty fine reporter as well.

[@Acid31337]

It would be 100% fair to use their advertisement as evidence of claim their investors should be secured in case of bankruptcy. That would incentivise other companies not to put different words in ToS and marketing camaigns.

[@ParanoiderNutzer]

We have something like that in Germany; called "Prospekthaftung". But it doesn't apply to crypto.

[@Jivolt]

Fool me once, shame on you. Fool me twice, shame on me. Fool me thrice, I’m a crypto bro.

[@5urg3x]

“We knew the risks” except when you said months ago that there aren’t really any risks and it’s the safest crypto bank out there, lmao. Let’s be real - If you REALLY knew what they were doing with your coins, you would’ve never gone within 100 feet of their app to begin with.

[@SuperiRix4]

Tbf nothing about crypto is safe so saying that it was the "safest" also should mean nothing

[@larryo6874]

I quoted Warren Buffett a couple of months ago where he warned people to stay away from crypto but people said he was an old guy who just didn’t understand crypto…..

[@brucelee1279]

@@SuperiRix4 nOtHING is safe regarding AnYthing, but its safer to hold whatever coins you have, on your own cold wallet, rather than on an app.

[@joliecide]

A financial influencer is only good as their last "tip."

[@5urg3x]

@@joliecide Honestly though most influences at least tell newbies to not make the mistake of putting all their fkn eggs in one basket and diversify their portfolio…and it seems that was something that multi billion dollar Crypto bank Voyager didn’t even know how to do. They lent over a billion dollars of customer funds to 3AC 🤯

[@MatchmeSydney]

7:03 What a devious loophole😮

[@wajihbec1087]

This is amazing to me, how you can know this much about a case. Where I'm from this all would be unknown to the public.

[@delbomb3131]

"trustworthy" borrowers don't pay more than 9% interest, which they would have to charge a ton in order to pay so much

[@idontcare9041]

Yeah... people should really start to ask themselves where the money comes from. It seems that people forget everything when it comes to crypto. I think it's because crypto is complicated enough that a lot of people don't bother second guessing it.

[@Jay_in_Japan]

5:37 Oh look at that- Alameda Research! I'm sure that relationship turned out well. LMFAO

[@topminijc]

Loving the new camera angles and editing! Keep it up Coffee!

[@IXPStaticI]

oh man I always love it when they hit you with the bombshell argument of "it works because you can trust us more than the other guys"

[@marquistraylor1255]

It’s alllllmost like there needs to be regulations to keep these companies from doing whatever tf they want.

[@donm2067]

No bro! Defi!

[@ignaciogonzalez8716]

Believe it or not a lot of people in crypto think the same thing. Of course there are those that want it as unregulated as possible but that's pretty stupid and maybe it benefits them in what they're doing with their crypto.

[@dandruff3414]

Yeah. If there's no regulation on something, everything (even illegal ones) are fair game. This is an example of irresponsible freedom

[@np4029]

Turns out that the Securities and Exchange Commission should have been putting more energy into going after the 'E' rather than the 'S'.

[@jacobconcannon4677]

@@donm2067 a lot of people in crypto want the actual currency to be decentralised, but the companies offering services/using the currency (like voyager) to be regulated

[@chrisalfano589]

Ale mead just keeps showing up over and over again

[@StremeSpoats]

Honestly doing gods work. Thank you coffee

[@livelongandtroll9108]

Only a crypto bro can invent FDIC Insurance by osmosis. 🤦‍♂️🤦‍♂️🤦‍♂️

[@sewpoo]

these crypto companies getting a little to brave

[@MartinDurden]

Loving the videos coffee, keep it up my man.

[@Roman.7]

You never disappoint! Quality and highly sophisticated content 🔥😮‍💨

[@ArmanNobari]

Side note, Coffee's production is so over-the-top good. The light from the blinds on the left matching up with the light in the $10M studio!? Get outta here, this is amazing. Great video as always.

[@CC-xy5cz]

Curious if he pays some external marketing agency and just says hey make the back ground look cool as hell

[@eddycarpenter8989]

A year ago all of these people were piling into these crypto "brokerages" because they didnt want to be a part of the traditional banking system and all its regulations. Lol now they lost everything and want regulation. If they lose it all, they lose it all... lol

[@mysecondemailatl]

I lost a lot too but I don't want regulations they're still a small amount of people I imagine that are like myself. I think this is part of the plan they're going after the crypto first and then they're going to go after the big Banks because the monetary system is actually collapsing unlike what happened 10+ years ago

[@GerryRR]

Bravo to whoever is writing your stuff(if it's you, bravo to you). "Like all Ponzi schemes this one was different." is SUCH a good line. Cracked me up lol.

[@HisLoveArmy]

Loved the doctors who lecture line 🤣

[@SolarAB]

"It's like hearing someone is a doctor, but then you realize it's not the helpful kind... it's the lecturing kind". lol

[@Ripcookiethief]

It boggles my mind that things like this gain this much steam before they inevitably crash.

[@wintersoilder5676]

Influencers bruh

[@Toralian89]

It boggles my mind that people invest in crypto(with any other intention but to scam bigger fools) when all owners minted themselves a hefty 20-80% of it and keep it in their wallets. With fiat at least government can't crash it's value to zero by "cashing out" 20-80% of it at any second.

[@Ripcookiethief]

@@Toralian89 Exactly. It's a scam made out of a scheme.

[@Waterwater743]

Been following you since the cigarette video on coffee break, awesome content

[@gabrielanderson8783]

The fact that the name of voyagers lawyer was Susberg killed me💀

[@nasis18]

Some kind of poetic irony in that.

[@dr.remulak514]

Your investigatory and explanation skills are second to none coffee!! Your a good man.

[@jiml4987]

Well Dr. Since you have atleast one PHD and I have atleast two. You are, you're a good man.

[@rafaelvasques6263]

I learned more about investment from your videos than from most investment experts teaching about it.

[@Thepersianpopinjay]

It’s so funny going back and watching this now and seeing one of the biggest people Voyager loaned to was Alameda

[@Atombender]

Coffeezilla: "Marc Cuban is a terrible crypto investor!" Kevin O'Leary: "Hold my FTX shares!"

[@Stoic-ds4so]

Omg 🤣🤣🤣🤣😭😭😭

[@mohamedboudeir1036]

Netflix give this guy a show already 📈

[@xx4248]

I still wouldnt buy a netflicks account lol

[@neviemdopice]

Not your keys not your crypto. Never fails.

[@rekeshali]

you are my new favorite KZbinr. Love this channel

[@SayltheSkies]

Dude the background of the room you are filming in is nuts