Final update on the collapse of FTX, Sam Bankman-Fried’s elaborate scheme to steal billions of client funds, how his hedge fund Alameda borrowed money, who else knew about it, FTX getting hacked after bankruptcy, Bitcoin price, macro, and what happens next.
STACKS is the podcast for crypto investors. Hear about the biggest opportunities, trades, and trends.
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TIMESTAMPS:
0:00 Intro
1:10 FTX announces bankruptcy
1:20 Exchange hack right after
2:00 Twitter tracking down the hackers
2:58 Employee publishing code
3:30 What coins did they steal
4:27 How much money did Sam steal from clients
5:05 Who else knew
5:36 How FTX stole from clients without getting caught
6:30 Best theory of why Alameda needed billions
10:53 Sam potentially in custody
11:15 Breaking news of FTX trying to steal from FTX US accounts
11:56 How Bitcoin is reacting
13:15 Similarities to previous crypto bottom
14:40 Positive macro developments
16:00 Closing thoughts
stay safe out there!
#bitcoin #crypto #FTX
9 Comments
First
Once you peel back the rug you're revealed with another rug
Thank you for your videos mate.< I will advice traders especially' newbies to have orientation of trading before they get involved in it because the STOCKs/Cyrpto market has been unstable, Forget predictions and start making a good profit now because future valuations are all speculations and guesses. when news gets bearish start buying. "Keep it simple" That correction was the best thing that happened me. But all thanks to Nathan Chui,who taught me how to make trade and increased my Crypto from 3 to 11BTC now. No one really knows what is going to happen in the market and I know you are only saying what you think will happen based on the past. It is yours and my opinion so people should make their own Investment choices based on their own research
Likely Worse than Mt. GOX, Celsius, Luna, Voyager, BlockFi combined. All of these gone within 6 months. (Except for Gox & BlockFi pending)
Great stuff as always. I'm making a video now for what I think may be the final leg down for crypto in Mid-December after the next FED meeting. Generational buy opportunities incoming! Again, appreciate the content and keep up the great work.
👆 – NEW ADULТ DАТING CHAT FREE 💑💥n👄
Why the hell is FTT still trading???
What a mess. Hope you guys all survived…drop a like if this update helped! (timestamps below)
For anyone that needs a new crypto exchange you can get a $4,000 Bitcoin DEPOSIT BONUS for new trading accounts on Bybit when you use my link: https://partner.bybit.com/b/luke
(Bybit is going to publish a proof-of-reserves so traders can be confident their funds are safe)
TIMESTAMPS:
0:00 Intro
1:10 FTX announces bankruptcy
1:20 Exchange hack right after
2:00 Twitter tracking down the hackers
2:58 Employee publishing code
3:30 What coins did they steal
4:27 How much money did Sam steal from clients
5:05 Who else knew
5:36 How FTX stole from clients without getting caught
6:30 Best theory of why Alameda needed billions
10:53 Sam potentially in custody
11:15 Breaking news of FTX trying to steal from FTX US accounts
11:56 How Bitcoin is reacting
13:15 Similarities to previous crypto bottom
14:40 Positive macro developments
16:00 Closing thoughts
Nobody getting nothing back from there including meself..time to move on..karma get them