[00:02] gold and other precious metals rising like crazy.  What do you think about nickel, which has risen almost 300% in 3 days? End of February, beginning of March 2022. News about sanctions against Russia multiplied day by day.  Russia was an important and
[00:17] large supplier of nickel to Europe. Sanctions disrupted supply chains and caused demand for nickel to grow exponentially.  Already on March 8, 1922, nickel made an impossible feat in just one hour.  The price
[00:31] doubled and exceeded $100,000 per ton.  We are talking about real physical goods and commodity futures.  In this case, after purchasing nickel on the exchange, you should have received this nickel in physical
[00:45] form.  To quell panic, London's central stock exchange halts trading. Considering this movement to be manipulated allegedly by Russian [music] hackers.  Of course, Russian hackers are to blame for everything, and afterwards the exchange cancelled all
[00:59] nickel transactions [music] made that day.  At that time, the courts heard figures of around $12 billion in cancelled transactions.  The event took place in London. Otherwise, I would have thought [music] that the exchange was headed by Larisa Dolina.   A
[01:12] major scandal immediately erupts in Europe .  The right to fair purchase and sale was violated.  And after the price returned to normal levels of 20-30,000 dollars per ton, sellers who sold nickel at
[01:26] adamant and did not restore the transactions.  You, the exchange says, didn't read the small print at the end of the contract.  And if you had read it, you would have known that no one owes you anything.  And
[01:39] . Nickel trading was ultimately frozen for almost a whole week.  On March 16, they were restored, but with restrictions, so as not to blow the roof off again.  The story was so high-profile that
[01:53] the regulator later officially investigated the exchanges' actions.  In 2025, the UK regulator fined the exchange €9.5 million [music] for system and control failures during the nickel panic.  This amount is
[02:07] so insignificant for the exchange that if the employees of this very exchange refused the morning American, they would be able to compensate for everything in a month.