Quick update about Sam Bankman-Fried finally tweeting out what happened to FTX, insolvency, deal with Binance, can clients withdraw from the exchange, new updates coming out on twitter, Alameda Research is done trading, secret loans to Alameda from FTX, and more. STACKS is the podcast for crypto investors. Hear about the biggest opportunities, trades, and trends. SHOW SPONSOR: •Get $4,000 Bitcoin DEPOSIT BONUS for new trading accounts on Bybit when you use my link: https://partner.bybit.com/b/luke MORE EPISODES: •Youtube: https://www.youtube.com/venturecoinist?sub_confirmation=1 •iTunes: https://podcasts.apple.com/us/podcast/stacks/id1350247761 •Spotify: https://open.spotify.com/show/7v3JVAhRtnWOgT319NFD0A •Twitter: https://twitter.com/StacksPodcast TIMESTAMPS: 0:00 In this episode... 0:30 Sam Bankman-Fried apology on Twitter 1:20 CZ Binance not buying FTX 1:51 Huge red flag about client deposits & withdrawals 3:25 FTX loan to Alameda Research discovered 4:05 Sam's explanation not adding up 5:25 What's next for FTX? 6:10 Alameda Research shutdown 8:25 Sam hints at CZ beef again 9:45 New news dropping today 10:02 Tether freezes FTX accounts 10:30 The worst case scenario turning out to be true 11:21 Theory for how Alameda lost billions 12:11 Second theory for where the money went 12:35 Bloomberg Crypto on FTX downfall 14:45 Strange withdrawal activity today 16:30 Market bouncing on good macro data 17:00 FTT traders betting on FTX success 17:47 Previous crypto cycle comparison 19:36 Closing thoughts on latest FTX crash news stay safe out there! #bitcoin #crypto #FTX