Billionaires Go "Missing" After Losing Everything
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- čas přidán 23. 06. 2024
- the greatest mystery in crypto. the case of 3AC.
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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. - Zábava
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The most mildly entertaining channel on CZcams
Thought this was a roast until I watched the video.
Right!?
It’s mildness is truly extreme.
Glad i didn't jump to conclusions on this one
But sometimes that's exactly what you need
"I bought the dip, but the dip dipped" made me laugh harder than I want to admit.
Same. That was pure gold
lol sounds a lot like the SFM Cult
🤣🤣🤣 Me too. And it happened to me in real life
@@trainsonplanes709 Gold dipped as well 😥😥.🤣🤣
Relatable
“They screen robocallers.” was the best punchline possible to a non-setup skit.
Got a timestamp?
@@royalhydra9790 2:24
I laughed out loud and immediately had to pause and see if this comment existed! 😂
The most amazing thing is that a 3 year old can buy a house and nobody in the legal system, law enforcement or banking finds this suspicious and questions it as money laundering.
It’s working both ways
3 yr old crypto genius.
thats because the people in charge does the exact same scam and uses all the other loopholes too.
If you can't beat them, join them!
@@vihreelinja4743 I have to agree with you there. Why else would this be even possible?
UPDATE: While filming this, two news stories about 3AC broke. *The exact whereabouts of Su and Kyle are still unknown*
The first story was leaked by a twitter user and said that Su and Kyle have been found in Dubai and were detained by police. --this story appears to be FALSE.
The second, Bloomberg got an interview with them where their location was unknown: "The two declined to say where they were but one of the lawyers on the call said their ultimate destination is the United Arab Emirates..."
Link?
Oooo
gottem!
GOTTEM
WHY would they travel together??
I think it's ironic that all of these crypto bros that were bashing on real estate saying that a '08 type crash was coming again, was blind to the fact that they were participating in the same unscrupulous lending and banking schemes that caused the 08 crash to begin with.
@crassgop not to mention how much electricity wasted trying to farm cryptos. Human greed is scary
@@dredgewalker Not a lot, a literal fraction of the total energy used by humanity that can be considered wasted.
If you were engaged in massive lending projects you weren't a crypto bro. Every forum was telling you not to put your money in those things.
yup probably these 2 borrower kicked back money to whomever approved this loan...
i still remember how in 2021 crypto bros are bashing conventional bank about how banks have failed us. now everything that happened in crypto (luna crash, 3 arrows capital, hack, decentralized robbery, etc) only makes me sure that my money is safer in conventional banks.. those moonboys are so quiet now.. and now they even want a regulation.. hey, isn't that what they're up against in 2021? where are those "freedom" , "be your own bank", and many other sh!ts that they're so proud of?🤣
I love how most scammers always start off by stating they put $1M of their own capital into their projects. I would take this as an immediate red flag.
I guess we all have $1M just sitting on the side, ready to be invested!
People like us who are capable of feeling shame will never be able to truly understand people who are totally shameless. That's what they count on, as they rip people off again and again. I know, I have relatives who are very wealthy, and I know how they think. They hold the rest of humanity in contempt, and are extremely adept at manipulating people into giving them what they want. I am both fascinated and horrified at seeing the total disconnect between their public face and their private thoughts. Life to them is a game in which they laugh at us as they extract the money from our pockets.
The production quality of these videos is insane. Respect Coffeezilla
Shout out to Indian VFX people
Someone's just hating
Mildly expensive
@@VVan595 Ukrainian VFX person
I was the person to hit the like to make it 666. Muhahahahaaaa. Ora ora ora ora ora ora
Not gonna lie, loving the noir storytelling. Adds a cool vibe to these absolutely perplexing stories. Just how people keep getting away with it is amazingly predictable. Keep up the amazing work.
Its cyberpunk too and hardboiled!
And to add onto noir, sci-fi noir, a very good combination
Very nice!
That’s the whole reason they started these called “decentralized” finance systems. Most of these project are run by conmen or people who understand things very little.
Blade Runner vibes!
Well, good news, Su Zhu has been arrested in Singapore in Sept 2023. No idea about Kyle Davies though.
This is seriously insane. I went to check to see what they're up to now and this is what I found:
"Zhu eventually returned to Singapore, where he lives in a $35 million luxury home, according to media reports. Meanwhile, Davies has gone sightseeing: He traveled to Thailand and admired architecture in Malaysia. He also went to a private zoo in Dubai, where he petted a tiger chained to a pole, and attended a Formula 1 event in Bahrain, according to The Times.
The duo also said they did nothing wrong with their company and defended their actions by pointing out that no government agency arrested them or pursued legal action after Three Arrows Capital tanked".
No words!
Wtf are they still out there rn doing this ?
“I bought the dip but the dip, dipped”-Covfefezilla
That’s a vibe.
😂😂
_COVFEFEZILLA_
"No...they screen robocallers."
This channel is absolute gold and even at 1.15 mil on the subscriber count severely underrated in terms of the quality of the content IMO. Gorgeous visuals and editing as well!
1,6 he’s moving fast bro ,
@@Crosshatch1212 1.25 holy shit
That line was actual gold
@@Crosshatch1212 1.4... did he lose some?
1.87
You levelled up your lighting. That blinds gobo. That rim lighting. Those three quarter shots.
Brilliant work
I love how greedy people lose their money. If you got a million or half just live a normal life but noooooo everyone wants more
I don't even do crypto, I just follow your channel to keep up with world events and because I love the drama. This is more entertaining than reality tv, and educational!
Me too! Want some popcorn? 🍿
People who do crypto hate him
Same. I was here to watch him cover fake gurus before, then when he starts doing crypto I was genuinely mindblown by all the contents and stayed 💕
@@maythesciencebewithyou I do crypto and love him. This is what needs to be said. Hiding truths of how it all works just causes more problems later. Exposing truths of how it really works teaches people not to be idiots with their money like so many were.
Example this crypto crash.
same 🙂
How do two random guys with no experience running a company borrow 3 billion dollars with no collateral? Why would lenders do this? Its mind blowing how reckless this was on the lenders part.
They borrowed this large sum of money from people who are equally inexperienced.
Elon Musk had an interesting quote about SBF. In a reverse sense. SBF offered to fund one of Elons projects with 2 billion cash. Elon declined and publicly he basically said every bullshit meter of his went off. Like Elon is Richest man in the world and doesnt have 2 billion cash or 2 billion liquid. That's why he needed funding. Basically Elon called his bullshit.
Greed and spupidity in equal measure
It's Crypto. The bros will give money in masse if you tell them they'll become rich without having to do anything.
This blew my mind as well, especially in the Elizabeth Holmes case. Seems like all of the dumbest, least intellectually invested ppl end up rich af, pretty gross tbh
One thing I will say Coffee is that the animation on Max has gotten really really good. Watching this video only released a year ago compared to the scenes with him from your most recent is night and day. Its come a long way and looks great!
3 Arrows Capital sounds more like 3 year olds captial. Maybe it's his son running the company after all.
It's been said one million times, but that's because people still aren't listening: giving all your money to unregulated traders is not a good idea. You can blame the traders all you want, but it was *you* who irresponsibly chose to trust these people. You don't "own" crypto if you don't control the private keys.
Bruh when are we gonna stop victim-blaming scam victims. Eat the rich and all, but the rich are humans and humans are vulnerable to scams. That’s why scams exist.
This man James here gets it
Cold Storage
I don’t trust crypto or the major banks
I go to a credit union like a proper Intellegent person
@@tony_5156 🤦♀️
I guess we finally find out what happens when you get UNREGULATED crypto. Everyone wanted it to be unregulated by the government, and when it's unregulated by the government, no one goes to jail.
Everyone hates regulation until they see the ramifications of that policy affect them personally.
@@nairsheasterling9457 Nope. Still hate regulation. It's not like people can't buy themselves out of regulation.
@@OdaSwifteye That just means we need better regulations, not the absence of them.
@@danny87573 🤦🏻
@@ARC51bowtie 🧐
2022 was the year that people realized crypto banking is a bad idea. not your keys, not your coins.
Must be nice to have hundreds of millions of dollars to purchase mansions and yachts
Well they didn't.. their new born baby purchased those items.
Ah yes. "It's not a true financial scandal unless Credit Suise is involved."
J.P. Morgan
Finite number of investment banks, and Switzerland has tight privacy laws.
I working in finance and all the EU banks are shady. Barclay's is the worse. Old systems, disorganized, so right hand doesn't know what the left hand is doing. Jefferies is their other arm. UBS just utterly incompetent.
But Credit Suisse, willing malicious. Actively hiding data or trying to hold interest a day because of confusion. Shady...extremely shady on giving correct numbers to investors
@@kelvinw.1384 Oh, don't tell me. The only local investment bank I know around here is HSH Nordbank.
@@kelvinw.1384 Or perhaps you're simply not as familiar with them as you think they are.
the part when the robot said "they screen robo callers" I was dying lmfao
Same here, ha!
Hilarious 🤣
I knew the police was racist, but I never thought it was to this extreme, we need to stand with our brother of metal and silicon!
If that whole set up was to build to that joke...than this channel is better than I could have hoped.
The robot needs to do stand up comedy "AKWARDDD!!"
I'm a poor broke international student in the US, and I felt bad everytime my friend invited me to dinner gathering or barbeque party without me being able to reciprocate their generosity in any material way, but after I watched this video I felt a bit better.
Actually you shouldn't 😅
Chances are, they invite you because they know you cannot reciprocate 👍
Where are you from?
Time with good friends in invaluable.
@@zraptor7679 wait..... What do u mean here... Is it way deeper than it seems on the surface?
"They screen robo-callers" is such a silly little joke but lmaoooooo it's so good
I wish I could threaten to boycott my bank when they sent me emails demanding I pay my mortgage.
It's all about economies of scale. There's a saying I heard once that goes "if you owe the bank 100k, you have a problem. If you owe them 100 million, *they* have a problem."
You can threaten to boycott them. Let me know how it goes.
@@violenceandpoetry If you owe the 100 billion, everyone has a problem.
Don't worry Coffee, you're more than just mild entertainment ♥️
Yep
Sometimes the only entertainment you want is mild, like salsa?
Yeah! U at least are seasoned with some Kraft Parmesan
He's spicy entertainment
Gae
Oh no poor billionaires 😢
if they can do that billionaires imagine what they can do to you
@@ProfessionalRageBaiter probably not a lot since I'm not getting into this lmao
@@ProfessionalRageBaiter nothing because im not a criminal billionaire. A love how you conspiracy nuts think the police coming after you after committing fraud is somehow bad
RiChMaNbAd🤡
Coffee knows how to tell a story, and tell it really well. Your work on raising awareness to crypto bullshit is brilliant.
Once upon a time
Crypto investors didn't see it coming, while everyone else was waiting to watch a massive car crash.
The End
Yes everyone else watching a “car crash” of Bitcoin from few cents to $20k. 🤣
Yh lol
Just Fyi, putting a property into a trust fund with a child as the beneficiary is very common in Singapore. It is to circumvent a tax "Additional Buyer's Stamp Duty" that is levied on owning multiple properties. This loophole has been recently closed off. I guess it may not have been his orginal intention to secure his bungalow from bankruptcy when putting it in a trust fund but oh wells.
And strangely, no one is talking about the fact that 3AC is regulated by the Monetary Authority of Singapore (MAS) to manage funds only up to 250M. MAS' response to this blow up? A reprimand.
Simi bro TF??? Okay then this might be a huuge fk up by our regulators.
Not gonna lie. When the thumbnail came across I thought this was about the submersible.
Love it when finance gurus have their own heads served on a plate. Work like everybody else, stop making money out of "thin air".
coffeezilla is the goat of the YT crypto community, high quality editing, good personality, well spoken
Borrowing $3.5 billion of Crypto is gross tbh
the showing off the boat as b-roll while going over the fucked up shit they did to buy that boat is a really good bit
that robo caller joke was top tier
You are seriously one of the few actual REAL journalists left out there. Such good stuff.
Fucking LOL
Plenty of real journalists. You’re just not looking in the right places. It’s becoming scarce as time passes though.
@@victorl5402 When you say plenty and said you had to look into the right places, means they aren't plenty. Plenty is like saying there's plenty of air and you can sniff it everywhere. There are plenty journalists but true journalists are rare these days.
@@dredgewalker I think you're just bad at finding good news sources.
@@NotTotallyHopeless As I've said, if you need to search then they are not plenty. I can find news cause I'm far savuer than normal people but normal people just consume whatever is given to them by the mainstream. I'm living in asia and I'm far more aware of whats happening in the west amd other parts of the world than most americans.
Su Tzu - The Art of Scamming.
"All crypto is based on deception"
~Su Tzu, probably.
@@violenceandpoetry Or J. Paul Getty: "You CAN fool some of the people all of the time, and those are the ones you focus on">!!
Crypto isn't inherently a scam, but every crypto genius bro is inherently a scammer
"I made a deal with total obvious scammers and I got scammed! How could this be happening to me?!"
"they screen robo-callers". I don't think I've been as mildly entertained by a one-liner like that in a VERY long time!
Love videos like this, makes me realize like all the crypto guys running the stuff were a bunch of gullible idiots just smart enough to know how to scam people.
It's scams all the way down
Greater fools until you run out of fools
All investors are betting on greater fools, none thinks they may be the greatest fool in the end
I think the scammers that were in other industries have just migrated to the new way to scam..
@@ChillLee24 so is it the industry or the scammers within?
Your videos are incredible. The content, artistry, and production quality is insane. Hope all of these so called companies actually face some real consequences, though it still doesn’t help the normal people that invested and lost everything
'But the dip dipped’ most relatable thing ever 😭
It's crazy that these billions were essentially lent out to these 2 guys making trades. How does that happen? Most investment firms are full of hundreds of people! It's almost hollow compared to the normal economy of things
Crypto market is mainly about who can be the biggest charlatan in town, and who can promise the most. No actual experience, team, or education necessary.
Its a Ponzi on top of a Ponzi, celsius was a ponzi that took peoples money and promised them a 10% annual return, they then lent this money to 3 arrows
Most of the people that gave them money were all ponzi's similar to celsius
Besides entertainment, you are educating people and bewaring them of the flaws and dangers of a quick rising new digital currency world, and you expose people who have been hiding their digital moves to scam people. Big ups bro👍
Those with two braincells will not watch, and they need to see it.
Man, I discovered this channel 2 months ago and this channel is really telling you stories. Nice studio and nice story man. Really entertaining.
man, the quality of your channel just keeps getting better
Finally maybe we end this whole crypto and NFT’s phase.
It's amazing how bullish they were from getting all this capitol from these creditors and how the crypto market was booming in just the span of a year now there's a crypto winter and now these guys are on the run.
Winter? You ain't seen nothing yet 🤣🤣
@@amjidali588 Yeah, even now we’re only nearing the end of Crypto Autumn.
Amazing ,id say "obvious " was a better word.
I honestly don't know how you come up with this. Way more than "mildly entertaining", great video once again Coffeezilla!
Wow your hard work is showing more and more. I love how you keep trying to up your game. I wish you all the best.
Sometimes you buy the dip, sometimes the dip buys you..
Hopefully these guys will experience a new type of "conviction" real soon...
Yeah..just like all those other dozens of scammers who...oh wait none of them faced any consequence what so ever they just took the money and ran. Aint it great when that pesky government and their silly laws give people the freedom they so much desire? Cant you just smell the decentralization and unshackling from government oversight..yeahh..i love the smell of fresh Ponzi in the morning.
Yet another example of how easily crypto becomes a huge scam. But surely people will learn this time from this incident, right 😂
I don't think these two guys are criminals. They were just wrong, not malicious or immoral.
@@CRWeaventure There are crypto scams, and there are misguided true believers. These two guys weren't trying to scam. They were just wrong.
@@josephpeeler5434 My point being people can just dip out whenever they want with a shit load of money, and in the process screw over thousands of people
Amazing work! After a short coffeezilla hiatus, the caffeine/content always hits right
youre the most mildly entertaining of all Sir Coffee! we luh you
Man, it's mindblowing to see the progress you did. From your older videos to now. Congrats, all the good stuff you get, is well deserved. Keep up and thanks!
He never misses. Most channels just read of articles and it gets boring. Coffeezilla keeps it entertaining but real at the same. I don’t even know how he comes up with some of the jokes/puns
"Maxwell the bartender is scamming customers" might be the best investigation you've ever done
I’ve been following you since you had 6-7k subscribers. The way you are handling facts is great! I knew back than that you’ll do great!
Coffee's CGI looks fake, but his commitment to the detective gimmick is so consistent that I suspend my disbelief and start to feel like his office and robot are real.
'I bought the dip. But the dip dipped'
I'll admit that got a chuckle out of me.
I genuinely love the bartender intro stuff, it’s honestly well acted and fun to watch
Great episode! 🎉thank you
"I bought the dip, but the dip dipped" it's deep man..
The interactions with the robot are my absolute fav. Thank you coffee steve
That's the worst part though lol
@@venice2823 it's done pretty well, that's some premium production, stop dissing my boy covevfe zilla
There is definitely the feeling of schadenfreude when crypto bros go broke
I love to see your channel grow coffee! Been here since 50k, keep up the good work! :)
I was mildly entertained. Keep up the good work.
Loving the editing and the camera angles. your videos look cooler every time.
Bringing new standards to mild entertainment, keep doing what you do as its awesome
This channel, and the work you put into it, is VERY inspiring.
I love the videos like this!! Keep up the amazing work.
Hold your head up coffee. Reporting and awareness of failed schemes will hopefully warn others off when the next rise comes
Just been bingeing your content as soon as I found your channel a few days ago, and the editing is incredible
I'm so mildly entertained right now. Thank you.
That thumb is the happiest I've ever seen Coffee. I half expect a comment to the effect of ”remember, a missing person is always a tragedy”, with a big grin and a wink.
This is the best intro to a video I've seen in a long time. I'm fully invested now.
Figuratively invested... not literally invested in 3 arrows captial
@@KenJee_ds the question is, are you pumping the zilla?
Been following you since you had 100k...man time went by fast, you deserve the success! Keep it up!
I will never understand why people let someone else invest their money
We need people like you to keep the world honest. A good man can be turned bad if they see no hope.
Hey mate, take care of yourself first of all. To me you're more than entertainment, you are informative about things I wouldn't be aware of otherwise, it's interesting, has real world consequences, and its fun to watch. If it starts to have consequences you don't seek, take a rest.
You’re a legend coffee, it’s been good to see you grow. I wish you luck
My sisters husband sold his semi truck to invest in bitcoin when it dipped to 7000 in 2017 time frame. They ended up buying a new truck and a pretty nice house down the street from my house with it. Maybe one of the best intuition trades I’ve ever seen by someone with literally no back ground in finance.
Thank you. I certainly was mildly entertained.
I'm more than just "mildly" entertained by you Zilla, your content is fantastic and great even if it covers topics that aren't about positiv stuff. Keep the good stuff coming Zilla, like you always do
Thank you! Your shedding light on this issue is never “mildly entertaining”. You’re saving lives!
My brother and his fiancé do small stock trading as a hobby and make like $11-20 sometimes. And when I heard them say they were thinking of trying out crypto, my mind instantly shot back to all the stories you’ve covered. I know they’d never go all in, but I cautioned them away from it. (I hope)
Who would have thought someone who says they can double your money in one month would be too good to be true? Crazy how it went down this way, this has never happened before in finance and probably never will again, a true freak occurance!
But worse, when someone offers you to double your money in a month, you double down and say two weeks!
Love the quality! I might have to take a break though. It always bothers to to see people get away with so much money or that so much money just... disappears I guess (?) while I'm sitting here just hoping that the cost of living won't go any higher. I hope they seriously catch these guys and all the other crypto people that ran away with everyone's money. Can you also add child abuse to this case too? What a sick man to use his child like that... wow. I didn't even know you can do that legally...
When I moved to Switzerland, I had to get a local bank account, so I looked at the banking packages and ATM network and chose Credit Suisse. Since then it has been an ongoing experience of "What scandal are they involved with _now_..." 😩
Do you have a whole team behind you helping with your videos? The quality and editing and stuff is just absolutely phenomenal. Great stuff! Keep it up!
As expected, a entertaining history about thieves robbing thieves, good video, made me laugh as hell
Your videos are so mildly entertaining, I watch them from beginning to end back to back 😁
Two or three times
This is more than mild entertainment this is actually my favorite channel on CZcams right now haha
Love you coffe keep up the good work brother
I'm too gay, the opening little monologue i was 100% convinced that you were going to say "the only bottom we're going to find... is me"