Welcome to BitBoy Crypto!
My name is Ben.
Today, we're going to be discussing what happened with SBF,
where it goes from here,
and why, FTX users, don't get too comfortable, okay?
What I'm going to be talking about in this video is extremely serious.
And it's something that everybody needs to take into consideration,
especially if you have funds on FTX.
Guys, you don't have those funds right now.
Now, let's just-- let's go back a while.
Let's go back probably about two months ago at most
where I started talking about Sam Bankman-Fried putting together a BitLicense,
a federal BitLicense, trying to destroy decentralization and peer-to-peer transactions.
Well, it became very clear--
especially after we sounded the whistle on this and Erik Voorhees went on the Bankless podcast
and absolutely destroyed SBF. That man will never be the same again.
It became very obvious that there is a play in this space,
a battle for its very soul.
And, guys, this is what we're going to be talking about on the channel for the next,
you know, a few weeks, is
what do we want?
Are we good with the status quo?
Are we good with a stock market 2.0?
Are we good with a system where only the elites win?
No, no, no.
You all know I'm here for the people.
All the people win.
That's what we're here for.
A lot of people on Twitter I saw,
"Oh, Ben, you're being so--"
I said,
I killed this man's whole career.
Sam Bankman-Fried, he's not even a billionaire anymore.
He went from $14 billion to less than $1 billion.
Is it $990 million? Whatever it is.
And so there's, "Oh, you're being--"
No, screw that guy!
I'm going to take a lap!
I'm going to take a lap. Dang right!
We've been telling you how evil this guy is for months on this channel,
and no one would listen until you know what happened?
He started putting out that regulation.
What he was looking at.
And all of a sudden, it's like,
"Holy crap! Ben was right about every single one of these things."
And so what has happened now,
let's catch you up to today.
So we've been telling you about this for a while now.
Obviously, some people jumped on board.
A lot of people, "Ben didn't even talk about this."
Man, these haters, I'll tell you what.
It's fine. I don't need my credit for taking down Sam Bankman-Fried.
I need my credit for me and CZ and Erik Voorhees and everybody else
who played a role in damaging this man's reputation over the last couple of months
or a couple of weeks.
We all did this together.
I'm telling you,
we saved crypto in America.
That is not an exaggeration.
If Sam Bankman-Fried does not have all this mud thrown on him
and he's allowed to continue working on regulation,
do you think this is the guy that you want creating legislation in the United States for exchanges?
No, absolutely not.
Everything would benefit him.
We know that's what he does.
That's his MO.
Which we're going to find out a lot more about his MO in the coming weeks.
So what happened today is
there's been rumors of FTX pausing withdrawals.
Well, that's the same thing that happened with Celsius, Voyager, the whole thing,
and all of a sudden,
nobody can withdraw.
It's pretty scary.
Well, what happens is, of course, the No. 1 thing that companies always do that time is--
Caroline Capital, who is the CEO of Alameda,
she's another freaking scammer,
which, Caroline, I hope you're listening to me
because there's going to be a great chance for you to get immunity and turn on him.
So you need to think about that.
If you don't want to go to prison along with Sam Bankman-Fried,
you need to think about that.
But Caroline,
she's putting out all this stuff,
"Oh, no, we're definitely solvent."
Like, "Oh, it's a rumor. Our enemies are attacking us."
You sound like the freaking Tinder swindler.
Shut up.
I can't with these people.
When you find out how bad these people, and we're going to show you,
we're going to be showing you over the next couple weeks
how bad these people are and the literal crimes that they've been committing
against you, against me and against projects out there.
You're not going to believe it.
It is the market making mafia.
That's exactly what it is.
So today--
they started saying, "Oh, these rumors we're insolvent, it's not true,"
blah, blah, blah, blah, blah.
No, they were insolvent 100%.
Today, FTX became known as insolvent.
We've been telling you about the way that they create these coins,
FTT in this case. Serum is another one.
They've got plenty of these coins.
SAMO
I know about your SAMO there.
I know about your SAMO there, Sammy boy.
So don't worry. We got connection there.
So the fact is,
is that
what happened is it was insolvent.
They did not have the assets to pay their customers out.
Just like freaking Celsius.
Just like Voyager.
Guess who's trying to buy Voyager and Celsius.
Not anymore.
I'm telling you guys, he's done.
This guy's done in crypto.
He's done.
For sure.
It's going to get worse for him before it gets better.
I can tell you that much. It may never get better for him.
It's insolvent. So, what happens?
CZ stops, you know, dumping FTT and reaches out and says,
"You know what? I mean, it's probably better for crypto if I stop doing this,
and I'm just-- I'm going to buy, I'm going to buy you.
I'm going to buy FTX."
CZ from Binance has now bought FTX and all its subsidiaries.
I don't think that includes FTX United States, or US,
because, like, Binance doesn't include Binance.US.
But the fact is, is that
CZ is now in charge of this, but not quite.
And this is where you have to be really careful if you are a holder on FTX.
Now, thank God so many people listened to our message over the last few weeks
when we were explaining to people,
"Get your money off FTX. Close down your account."
How many guys--
I want to see in the comments how many of you guys closed your accounts down
or took your money out of FTX because we sounded the warning bells on this
weeks and weeks and weeks ahead of time? Okay?
So what happens is,
CZ, he bought Twitter along with Elon Musk, correct?
This is very, very important.
Well, the Elon Musk deal,
it didn't have a backdoor for him to get out of the sale.
So what happens is they learn they're lied to and that, you know,
there's all of these bots on the platform that are unaccounted for,
and Elon said, "I'm not going to buy those,"
which, Elon, you're growing on me.
He says, "I'm not going to buy those. That's crazy. It's like 50% fake."
Like, "Show me the real numbers."
And Twitter would never do it.
The problem was he'd already signed, and there was no--
there was no backdoor he can get out of for bots.
He was stuck. He had to do it.
And so he ends up going to raise money from different places,
in Middle East, different things,
and, you know, he comes back when he has the money.
What do you think he's been doing for the last couple of months?
He'd been raising money. That's what he was doing.
He didn't have enough cash on him.
So, CZ obviously is involved in the Twitter deal. Okay?
Now, the Twitter deal did not have a backdoor,
or excuse me, yeah, it didn't have a backdoor,
and so CZ watch what happened through that process of when you find information out,
which, by the way, the company you're buying is supposed to tell you
about this information ahead of time.
There could be lawsuits or, you know, criminal proceedings or anything like that.
They have to tell you.
And you have the opportunity to get out of the deal that way.
So what happened here is CZ has signed a deal to acquire FTX and all of its assets.
But hold on just a second.
It is the responsibility of the company that is being purchased
to tell the purchaser every possible pending action and lawsuit that's going on right now.
Well,
I don't know if there's FTX lawsuits right now.
But I know in the next two weeks, there's going to be about seven.
There's going to be about seven.
There's going to be a major class action lawsuit against FTX as a whole.
You're going to have project after project after project come on the show,
do an interview,
and tell you exactly what Sam Bankman-Fried has been doing.
If you have sympathy for this man,
you're an idiot.
I'm sorry. You should have no sympathy for this man.
This man has been screwing over crypto and forcing it away from Satoshi's dream
into what centralized dreams Sam wants it to be.
That's all that he cares about.
And his jig is up, and it's going to continue to be up.
And when I say major crimes,
Sam Bankman-Fried's probably going to be arrested in the next two, three weeks.
Just so you know.
Most likely going to be arrested very soon.
Who knows? Maybe tomorrow. That's going to be tomorrow.
But what I need you guys to do,
as you watch these videos I will be sharing on my channel most days,
if not every single day,
with hard evidence--
Oh, Sam,
Sam, I got you!
I got you, Sam!
I got you, Sam.
I know you didn't think that, you know.
Well, I guess you thought I was just kidding when I say get ready.
No, bud.
No, no, no, no.
Hey, I know everything.
I know ev--
I may know even more than Caroline, to be honest with you.
Every one of your enemies, Sam, they've joined up underneath me.
And any information you see coming out,
you bet your bottom dollar, or if you still have dollars, that is,
that somewhere along that line,
somebody might put that together.
So the fact is,
there are several lawsuits,
and with each video that we do,
add that one to the list.
That's going to be another lawsuit.
And here's what's important.
CZ can back out of the deal.
I know that scares you, guys. I know it scares you.
If you're an FTX holder, it gets acquired, you're like,
"Oh, God, thank God I can get all my money,"
the same way Voyager people thought they were getting all their money, you know?
But he ain't buying that now.
I don't know what's going to happen to Voyager honestly.
It's probably going to be delayed, just being honest with you,
it's probably going to be delayed how long it is for you to get your money back.
Unless CZ, you know, CZ just goes and powers through and buys the deal,
and who knows? Maybe applies for Celsius?
I don't know. I'm not going to speculate on that at this point.
But once CZ sees the books,
once he sees the shell game that Sam Bankman-Fried was running on FTX,
across the world market manipulation, the whole thing--
this goes beyond normal market manipulation, guys.
I promise, when we start showing you what we got,
it's clear what he's been doing.
So the fact is,
when CZ looks at all this,
there's a good chance he's going to say, "No, I'm not going to buy it."
"I'm not going to buy FTX now."
Now, what happens at that point?
Well,
at that point,
it basically gets offered up to anybody, from my understanding,
which, basically, CZ would be the only person who could come in and buy it.
So what-- the difference here is,
according to attorneys I spoke to,
is that when it comes to getting all of the assets,
if he does it right now,
then FTX is still held accountable for his books, right?
If there's wrongdoing there,
CZ would have to face those investigations. Okay?
If it's not, and they just let it go, they let it drop,
and they pick it up in bankruptcy court, or something like that,
then you don't have that scenario.
So it's really hard to tell you, guys, which way I think it's going to go.
Because, like I said, guys, it's bad.
I mean, it's bad.
Crime after crime.
I would like to give you four or five of the crimes,
like, the actual word from them for him.
You're not going to believe it.
You're not going to believe.
I mean, think about the way they go after mafia people, you know?
You know, John Gotti, stuff like that.
You know, definitely some of those charges are hard to pin them down.
But once the bid, the auction, the sale, whatever it is, once it comes through,
it's going to be wild.
If you lost money,
I can tell you
there's a good chance you're going to be siting on that loss for a while.
You'll get it back eventually,
but you've got to be patient during this time.
Because what is at stake here?
I've been telling you this for weeks.
And nobody thought it was serious.
They thought I was just kidding.
Guys, we are at the battle in history
that will determine whether we go dystopian or utopian.
This will be the battle that determines the future technology in this world.
Are we going to let the elites, the technocracy, take it over?
And what are they always going to do with it?
They're going take our traditional finance,
and they're going to turn into trad 2.0 upgrade finance.
Same exact thing.
That's what they want. They want the elites to make the money.
They want you to make no money. Okay?
So what we're going to see is an absolute battle for decentralization.
And I think it's something we need to look at, you know?
Satoshi wanted crypto to be a step in a certain way.
Now, yes, he's only Bitcoin, right?
But if you look at the ideals of freedom,
a lot of that crosses, you know, over all kinds of layer 2 platforms,
social media, websites, and stuff like that.
These are things that we believe in, things that we support.
Your right to privacy,
your right to hold cash,
your right to private transactions,
you know, basically everything that you have that's yours,
we don't want the government to be able to come take that away.
So the point in saying all that is to say that,
right now,
when it comes to what is happening in the situation with Sam Bankman-Fried,
most likely, he's going to end up, in my opinion, going to jail.
We're going to talk about it on this channel.
We're going to show you the evidence over several videos over a couple of weeks.
You're not going to believe it.
Some of the stuff, you're not going to believe.
You're not. It's way crazy.
But, you know, going forward,
we're going to be talking about this stuff most days,
at least maybe on a phone-recorded video like this.
You have to stand for what's right.
These greedy bankers and these callous crypto people that made all this money,
they don't care about the little person anymore.
Well, let me tell you, I'm here for the people.
And we're going to continue to fight as long and as hard as we can.
And there might be some discomfort in some of these battles,
but we're going to push back on these power infrastructures.
That's going to be guaranteed you're going to see on this channel going forward.
You've been seeing in the past.
You're going to see more of it.
Because it is that important.
So much is on the line right now.
And we are not going to let SBF win.
We are not going to let SBF come back into crypto.
He is not coming back into crypto.
That is not happening.
So we're going to have to take the boot, put it on his neck, I guess, if we've got to.
Make sure he can't get up.
Because there ain't room for you, Sam.
There's no room.
Alright, guys. I hope that explained a lot of what's going on right now.
We're going to start doing some of these videos hopefully with some of these interviews.
And it's damning stuff.
You're going to really be disappointed
if you ever for a second thought Sam Bankman-Fried was a good person.
Alright, guys. That's all I got.
Be blessed.
BitBoy out.