Check out the official Bitcoin University Telegram group:https://t.me/+TQ1aUglZx6hkY2VhFollow me on Twitter:https://twitter.com/mattkratter In this video, I discuss developments in the BlockFi and FTX bankruptcy proceedings.A bankruptcy judge has concluded that BlockFi customers lost the rights to their Bitcoin once they deposited them onto the BlockFi platform.And the IRS has filed claims worth $44 billion against the FTX bankruptcy.Former customers of BlockFi and FTX will be very lucky to see pennies on the dollar returned to them, after many years of legal wrangling.We need to do a better job this cycle teaching new Bitcoiners the importance of "not your keys, not your coins."Not investment advice! Consult a financial advisor.Are Bitcoin IRAs Safe?https://www.youtube.com/watch?v=TByF9SzNPqM&ab_channel=BitcoinUniversityMy warning videos about BlockFi:https://www.youtube.com/watch?v=SFow3o6EkRw&ab_channel=BitcoinUniversityhttps://www.youtube.com/watch?v=3xy11ng9_YE&ab_channel=BitcoinUniversityMy warning video about FTX:https://www.youtube.com/watch?v=Vl0fXqo8vig&ab_channel=BitcoinUniversityBlockFi Crypto Customers Lose Fight Over Disputed Coin Transfers:https://www.bloomberg.com/news/articles/2023-05-11/blockfi-crypto-customers-lose-fight-over-disputed-coin-transfersU.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy:https://www.coindesk.com/business/2023/05/10/us-internal-revenue-service-files-claims-worth-44-billion-against-ftx-bankruptcy/https://restructuring.ra.kroll.com/FTX/Home-ClaimInfoJameson Lopp tweet:https://twitter.com/lopp/status/1656429756395528193Remember the influencers who pushed FTX and BlockFi:https://twitter.com/udiWertheimer/status/1539669112925855744https://twitter.com/denverbitcoin/status/1656833228135714819https://twitter.com/APompliano/status/1592333485083332609https://twitter.com/BusinessFamous/status/1567976255831801856Bitcoin Held On Exchanges Hits Five Year Low:https://www.nobsbitcoin.com/bitcoin-held-on-exchanges-hits-5-year-low/I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.#Bitcoin#blockfi #ftx DisclaimerNeither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading....https://www.youtube.com/watch?v=oBIbhtctkh0