Venture Coinist: NEW Details Explain How Crypto Exchange FTX Stole $10 Billion | ALAMEDA INSIDERS KNEW
Final update on the collapse of FTX, Sam Bankman-Fried's elaborate scheme to steal billions of client funds, how his hedge fund Alameda borrowed money, who else knew about it, FTX getting hacked after bankruptcy, Bitcoin price, macro, and what happens next.
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TIMESTAMPS:
0:00 Intro
1:10 FTX announces bankruptcy
1:20 Exchange hack right after
2:00 Twitter tracking down the hackers
2:58 Employee publishing code
3:30 What coins did they steal
4:27 How much money did Sam steal from clients
5:05 Who else knew
5:36 How FTX stole from clients without getting caught
6:30 Best theory of why Alameda needed billions
10:53 Sam potentially in custody
11:15 Breaking news of FTX trying to steal from FTX US accounts
11:56 How Bitcoin is reacting
13:15 Similarities to previous crypto bottom
14:40 Positive macro developments
16:00 Closing thoughts
stay safe out there!
#bitcoin #crypto #FTX
Additional Info
- Read full article on: Venture Coinist
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