Welcome to BitBoy Crypto!
My name is Ben.
Today, we're at the Mall of America
because, as you know,
I am a true American.
I'm joined by another true American.
That's my guy 6Figs.
So just so you guys kind of understand the role that my guy 6Figs played here
in what happened with FTX,
if you didn't know,
when it came to releasing the idea that ICP had been shorted by FTX
after it launched on Coinbase,
propped up beforehand with synthetic perpetual futures contracts,
all that information came from him.
He's the one that sent me all that information initially when we started digging into.
So I just wanted to--
we're going to talk about Celsius here in a minute,
but right now I want to take the opportunity to have him just talk about for a second,
like, kind of what--
how did this first come to, you know,
how did you first come to find out about this?
Yeah, so basically, what happened was I started using the ICP tech,
and it just--
it was super fast.
It was cost efficient.
And I was reading a lot of FUD and things like that on ICP,
and I'm just thinking to myself,
"How could this be possible all these FUD-y articles exist?"
- And-- - A little louder.
- Oh, yeah. - It's alright.
And so--
so, basically, what I did was I started looking for any indications of foul play
or anything like that surrounding the future-- or, excuse me, the token launch
because that was a lot of the FUD-y articles,
you know, that was the point that they focused on.
So I ran through all the different exchanges that listed ICP on the day it launched.
And when I looked at the perpetual future side of things,
there's about six or seven exchanges that listed perps on ICP.
Now, five out of the six listed them the day ICP launched.
And what I found interesting was the fact that FTX had listed perpetual futures trading
- four days prior to the-- - Four days.
four days prior to the launch of ICP.
And then it was like this big short from there.
So that's kind of where I ended up discovering the fact that ICP was creating synthetic assets.
And it led me down this other road where we found out that they did the same thing
to, like, Axie Infinity,
and then BitBoy also discovered some other instances of foul play with FTX.
Yeah, exactly. And that's, you know.
This is really what started that mission for us, the rabbit trail, to try to figure out what happened.
But what I wanted to also do, like,
look, if you just heard it from here,
everything was FUD towards ICP.
That's why--
you know, I really love an underdog.
I really like ICP because of what FTX did to them.
I'm not the only person that loves ICP.
6Figs here, obviously, you can tell he's big on it, big on the community.
So I just want to take a second and let him kind of explain,
like, why you're bullish on ICP.
Yeah. I'm really bullish on ICP just simply because of the capability it has
to run all these dApps on-chain, fully on-chain.
The data costs are extremely cheap.
Five gig--
$5 for a gigabyte of data a year.
I mean, the chain's finality speed is incredible.
It's near instant.
So those are the types of things that make me bullish on ICP.
And they're qualities that you just don't find under one roof at a lot of the other chains.
There's a very limited amount of chains that can do that.
- That's one roof. - Yeah.
So, yeah, that's the main reason the community is bullish.
You know, I'm bullish for those reasons, so.
Yeah, I think that's really great.
Now, tell everybody where they can find you on Twitter.
So you can find me on Twitter @realsixfig on Twitter.
- That's my main bread and butter, so. - Yeah.
Do you like bread and butter?
Hey, I like bread and butter.
Who doesn't?
Alright. Thanks, 6Figs.
Now, I just want to correct one thing that I said last night
when I was talking about Celsius.
Some of the Celsius folks,
I mean, they really believe that this reorg is still happening.
We're going to find out more about this on February 22.
I just want to say the part of the video last night where I said that the examiner called it
a "Ponzi like" scheme,
that was actually a quote, I believe, from one of the employees
that was included in the report.
So the examiner himself did not say that.
But I still stick with, you know, what I've said.
When you look at what was going on with the token, it doesn't look good.
When you look at what was going on with customer assets in the Earn program,
not good.
So, ultimately, we'll see what happens.
You know, a lot of people are in agreement today that Alex is probably going to face some music.
But how bad is it going to get for Celsius?
Are there--
is there going to be a major SEC action?
I've been told the bankruptcy attorn--
or the bankruptcy judge actually has more power than the SEC in this case.
So we'll have to check it out and see what happens.
That was pretty funny.
Long story.
But--
a guy walked by and he ducked under the camera.
He couldn't see the camera is looking at me.
Beautiful guy.
But anyways, so I did want to correct that.
I got that information right after I made the video.
So I just wanted to make sure we have that published and documented
that that was a mistake.
But, yeah, just remember,
FTX, they tried to ruin ICP.
FTX, they tried to ruin Celsius.
FTX, they tried to ruin you.
That's all I got.
Be blessed. BitBoy out.