Without a doubt this is one of the most shocking and nearly impossible to comprehend scandals in history.
Sam and FTX have gone from the darling of the US crypto scene to the poster children of financial crimes. They defrauded their own financial auditors and bookkeepers to the point where no one could track or understand the realities of the financial world within FTX.
Since filming this video even more insane revelations have come to light, including that FTX made personal loans to Sam and other cofounders of Alameda to the tune of over $4 Billion…
The sheer audacity of the scam boggles the mind. The ability to fool the “best and brightest” silicon valley investors, gain meaningful brand partnerships and more… it’s all just hard to comprehend to a degree.
I too fell for the shine of FTX and believed in their hype. I feel extremely embarrassed by this and will be completely reevaluating my content going forward.
I relied on a litany of external research to assemble this work, including amazing folks on twitter:
– Dylan LeClair
– CZ Binance
– Public statements from SBF
– and an epic thread from “milky eggs” dot com
Timestamps:
0:00 Intro
0:30 Where the story started
1:08 The CZ tweet
2:00 Blood in the Water
3:30 Bankruptcy Bankrun Hack
4:20 Where the story truly BEGINS
4:50 Fake Savior
6:10 Alameda Background
7:05 Balls Long
8:30 Caroline Ellison Interview
9:00 Shady Foundations of Alameda
11:22 FTX Hacked itself?
12:20 Fake Bailouts
13:30 Greedy Degens
14:00 Regulatory Connections
15:15 Puff Pieces in Media
16:15 This one is too crazy
16:50 Contagion in Crypto
18:10 Fake Morality and Drug Addiction
19:00 Where was the Due Diligence?
20:50 A message to my community
23:00 Wrap up
#conspiracy #fraud #scam #ftx #ethereum #defi #blockchain #crypto #cryptocurrency #bitcoin #btc #eth #investing
DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR
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