I wanted to get rich not because I like money but because I wanted to give that money to charity
nothing here fits we have to be ready for the next pandemic everything reads like this thing is a
complete scam it's one of the biggest problems that we have to tackle together as a world and
I think this thing is dirty and rotten to the core the FTX disaster has worsened my friends as a hack
appears to have drained hundreds of millions of dollars from the once Mighty crypto exchange FTX
hours after its bankruptcy filings that's right 900 million drained from customer wallets troubled
cryptocurrency exchange FTX appears to have been hacked 900 million drained from a series of FTX
linked wallets following a week when founder Sam bankman freed filed for bankruptcy and resigned as
chief executive officer users have been instructed not to install any new upgrades and to delete all
FTX apps according to a statement on the company's official telegram Channel quote
FTX has been hacked FTX apps are malware delete them chat is open don't go on FTX site as it might
download Trojans rumors are even swirling that it is Sam bankman freed himself who is hacking
his own exchange to get users funds after all it's coming out Sam bankman Freed's crypto Empire was
run by a gang of kids in the Bahamas who all dated each other many reports coming out at
this moment that Sam bankman freed is on the run some saying that he was flying on a private jet
fleeing to Argentina other insiders claim that Sam bankmanfried is still in the Bahamas additionally
and this seems confirmed as well FTX headquarters has been taken over by the Royal Bahamas police in
civilian clothing Liquidators Sam bankman freed and Sam bankman Freed's father Joe bankman all
have been meeting be on the lookout out every possible Sam bankman freed disguise you don't
think he's going to shave that iconic afro so much is coming out regarding the Shady practices
the alleged fraud from Sam bankman freed from FTX from Alameda research nothing here fits everything
reads like it's a complete scam this thing is dirty and rotten to its core listen to this and
let me know what you think in the comments Beckman freed FDX how does this guy how does he keep
doing what he's doing when anyone tries to pin SBF down on where he made his money you can't get a
cogent answer and and in his trade you needed real money up front in the place on this country crypto
Arbitrage to make big money right in the simple things as who financed you because you clearly
didn't have the money and his partner is a guy named Gary Wang and no one can find [ __ ] on Gary
Wang and he's on the board of advisors of Sequoia and I shake you not you look up Sequoia stuff
there's a picture of Gary Wang of his back facing a computer there's no picture of Gary Wayne so
Gary Wang is the same CTO or the chief technology officer of FDX allegedly allegedly but there's a
chief regulatory officer of FTX and his name is Dan Friedberg and if you Google Dan Friedberg
poker Scandal he was a general counsel of I don't know if it was Ultimate bets or one of those metoo
sites where they basically cheated against players then you take into account that SBF is bailing out
known ponzis and frauds in the crypto space everyone who's gone bankrupt or is a proven
fraud and somehow through that Cartoon Network has painted him as the JP Morgan of crypto which
makes absolutely no sense he's not the JP Morgan of crypto because he can't sit there look at you
straight in the face and explain anything nothing of this story fits and normally in stories I can
get five or six things that fit and move on but nothing here fits everyone everything reads like
this thing is a complete scam and I think this thing is dirty and rotten to the core many people
still confused Sam bankman freed such a presence such a leader in the cryptocurrency space over
the past couple years one of the top businesses so well connected regularly going to Washington
meeting with Regulators How could somebody so established do so many bad things reminder Bernie
Madoff ran a 64 million Ponzi scheme and was the largest fraudster in U.S history Madoff was also
simultaneously chairman of the largest Securities regulator in the U.S the n-a-s-d-r now known as
finra Madoff also sat on the advisory committee at the SEC Harry Marco polos a forensic accountant
and securities expert sent a detailed 17-page whistleblower report short detailing madoff's
fraud including specific false trades and it was ignored by the SEC at the time madoff's
son-in-law worked at the SEC and his brother was his compliance officer make sure you subscribe to
our YouTube channel we keep you informed on the entire cryptocurrency Market on a daily
basis we've been covering this story for you since before it happened and all week three days ago we
talked about CZ versus Sam bankman freed and what was really going on behind the scenes today I have
so much more information on this what hits me the most from this week is how sembankman freed talked
about his jousting partner and said well played in the apology thread presumably talking about CZ
binance seemed deeply out of touch but is there a greater history want to know something funny
about the binance FTX relationship and perhaps the origins of the feud remember this 2019 tweet
a market maker from a smaller Futures exchange tried to attack binance Futures platform no
one was liquidated as we used the index price not the Futures price for liquidations our Innovation
only the attacker lost a bunch of money and that was that yeah pretty sure that crash was Alameda
research triggering stops on binance's brand new Futures exchange you don't believe me well it
turns out on this rare occasion you don't have to trust because we can verify until 2019 if I recall
correctly binance's API had a leak you could see everyone's private orders you read that right all
of it happens to the best of us I told binance who fixed the bug without even a thank you but
not before enterprising individuals had grabbed the data on the 15th of September 2019 you can
see the same user Market selling large quantities and placing bids 30 below at the same time data
available right here knowing this I avoided working with Alameda over the years I figured
everybody should know now for the history books it gets a lot deeper what else did CZ binance know
and other top level exchange Executives know about Sam bankman Freed's questionable activities and
questionable ethics high-level exchange Executives in this case Wendy Wang from huobi are confirming
this that Sam bankman freed was responsible for the Luna collapse CZ nubis Sam bankman freed
intentionally took down three Aero Capital Sam bankman freed moved user funds from FTX to support
Alameda post three Arrow Capital collapse CZ approached Sam bankman freed regarding this matter
but was ignored by SPF CZ made that original tweet as a last resort as soon as this information came
out many people started confirming so let's listen to Wendy Wang of Hawaii talk about part of this
herself so you can hear it so one three Arrow got bankrupt the one of the biggest one of the biggest
who made this happened is Sam so as an exchange Sam is a CEO you are a third party right you are
not supposed to do anything to do with your users with your clients because all the users activities
you have everything on your change you have all the locks all the analysts of that but what Sam
does is he did the counterparty of certain clients of certain users so what it did is he he do the
counterparty and he make all the deals all the Futures all the preps liquidation very soon so
he made a bunch of money become a counterparty of three Arrow all the way until three Arrow got
bankrupt so all of this all of this CZ knows very well I knew it because I heard from one of the
very good friends from CG so that's why I think that at the very beginning so CZ was trying very
hard to protecting bitcoin price to protecting this whole winter but then some and a lie with
a line with all of his worst Street Money Team to break it to to make it not come true so that's the
whole reason CG started and do you remember when Sam banquin freed and FTX tried to go in with CZ
to go in with Elon Musk on the Twitter deal Finance was accepted FTX was not why is that
Sam bankman freed set off my BS detector when he approached us about Twitter investment Elon
Musk said people are talking about this Elon Musk confirming this accurate he set off my
BS detector which is why I did not think he had 3 billion quote from Elon on Sam bankman freed I had
never heard of him so many people told me he got money to invest in the Twitter deal so I talked
to him for half an hour and my [ __ ] detector was redlining the dude was full of [ __ ] that was my
impression and so much of this information is just getting confirmed by insiders and Executives in
this case the fact that Alameda and FTX traded using users funds Alameda CEO Caroline Ellison
said that she Mr bankman freed and two other FTX Executives nishad and Gary Wang there's
that Gary Wang again we're aware of the decision to send customer funds to Almeda and it gets worse
apparently the CEO of Almeida Almeda is ftx's trading arm the CEO of Almeida Caroline Ellison
who we just talked about got the 10 billion of FTX customer funds and gambled them away
and she was sbf's ex-girlfriend so this 30 year old dude gave 10 billion of other people's money
to his F buddy so the big question is if and when Sam bankman freed is captured what's to
happen to him will he go to jail will he suffer repercussions for his injustices and of course
the bigger question is he's been meeting with Regulators including Gary Gensler many times
throughout the last year plus why didn't Gary Gensler notice huh that's a question why didn't
Gary Gensler notice did you know that Alameda CEO Caroline Ellison Caroline's dad Glenn Ellison is
the department head of Economics at MIT and prior to getting appointed to the SEC Gary Gensler was a
professor for the practice of global economics and management at MIT so Caroline's father was Gary
gensler's old boss and they were meeting regularly and Gary Gensler never noticed what was going on
apparently again make sure you subscribe to our Channel new information comes out every single
day I share this with you on a daily basis I mean think back to the last five six videos how much
the story has developed since we started here and now we're here and now we're here and I'll leave
you with this is Sam banquin freed going to go to jail will he pay for his actions I don't know he's
donated a lot to politicians in the Democratic party and it was in 2008 where Goldman mastered
the art of crony capitalism pay up for government protection and get bailed out when you need it
most that's why Goldman got bailed out while Lehman didn't crypto dude Sam bankman freed just
tried to play the same game donating 30 million plus to Democrats now take this guy Sam bankman
free who actually goes by SBF in the crypto world so let's call him SBF the interesting thing here
is he actually bought protection he played the old Goldman Sachs pre-2008 game you'll remember this
Goldman Sachs paid for a lot of protection from the government to pay out it's like an insurance
policy when it matters most when the 2008 financial crisis hit that's why Goldman Sachs
got bailed out while Lehman Brothers didn't well SBF appears to be playing a really similar game
he's a top donor to the Democratic party even as his exchange was going bust yet there's one small
Nuance of this Decker I think they might actually go after him and punish him anyway and here's the
funny part not a lot of people know he actually had pledged up to a billion dollars in donations
this cycle indexed so there are actually a lot of Democrats upset with them that he only gave
30 to 40 million so if they do go after him it's because he didn't buy the gold-plated
insurance policy he just stopped at the cheap version of the insurance policy instead and so
if he is indicted or if he does get in trouble that'll be one of the lessons of the story for
future crony capitalists is pay up for full Freight or else you're going to get in trouble