FTX & ALAMEDA SCAM EXPLODES
Bitcoin Magazine LIVE #198
1) News and Note with Q, P, and Chris
00:00:00 Intro
00:01:00 News And Notes
00:02:20 Sources are showing that SBF was selling equity in the firm at a 50% discount to employees in the spring, per the block
00:03:30 Justin Sun is prepared to bailout FTX with billions
00:06:40 FTX is working with local law enforcement to recover funds
CEO of enron
00:08:00 FTX’s new CEO John Ray confirms hack
00:17:00 Avoid crypto businesses / exchanges / projects that:
-Are not profitable (musical chairs)
-Survive by selling their own tokens
-Give high incentives for locking your tokens
-Have a large total supply, but only a small circulation supply
-Involves loans
00:22:00 IF you have a bank account linked to FTX US, change your bank account password and stop sharing data immediately
Alameda Research CEO and Senior FTX officials have said to have known that FTX had lent its customers money to Alameda to help meet its liabilities
00:28:15 “Go fuck yourself!!!” -SBF to Chamath and his team
00:36:20 Thursday Prime trust was blowing out their bid / ask price to hedge out volatility of everything in the space
Strike saw this and communicated with multiple vendors to now execute bid / ask with multiple liquidity providers to get their clients the best prices
What happens if Prime Trust goes bankrupt
00:43:00 Crypto dot com accidentally sent nearly half a billion dollars worth of ether to another exchange instead of their own wallet
2) Interview Moon Mortgage
00:48:00 Tristan and Aaron Moon Mortgage Interview
01:02:00 Moon Mortgage Bitcoin Backed Loans
01:15:00 How does the Macro Economic landscape affect Moon Mortgage?
01:24:00 Why BlockFi didn’t work
Lower your time preference and lock-in your Bitcoin 2023 conference tickets today!!! Use promo code BMLIVE to save 10% off your conference tickets today!!!
https://b.tc/conference/bitcoin2023
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IMPORTANT DISCLAIMER
"All views expressed by hosts, guests, and interviewees of "Bitcoin Magazine Live" are opinion only and do not reflect the views of Bitcoin Magazine, its ownership, management, any of their associated or affiliated entities, or their inhouse or third party service providers and platforms. This program is informational only, and its content does not contain or construe any offers to buy, sell, or hold any bitcoin, other cryptocurrency, or any securities or other financial instruments in the United States or any other jurisdiction in which such solicitation or offer would be unlawful. Nor does this show's programming constitute any kind of legal, tax, investment, financial, or other advice. Individuals who appear on "Bitcoin Magazine Live" are not deemed investment advisors and their performances in the past are not indicative of future results. Nor are staff or management of "Bitcoin Magazine Live," its publishers and affiliated companies in the business of providing advice, financial or otherwise. All investment carries risk and you should do your own due diligence before investing."
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