1 year ago

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In this video, I discuss developments in the BlockFi and FTX bankruptcy proceedings.

A bankruptcy judge has concluded that BlockFi customers lost the rights to their Bitcoin once they deposited them onto the BlockFi platform.

And the IRS has filed claims worth $44 billion against the FTX bankruptcy.

Former customers of BlockFi and FTX will be very lucky to see pennies on the dollar returned to them, after many years of legal wrangling.

We need to do a better job this cycle teaching new Bitcoiners the importance of "not your keys, not your coins."

Not investment advice! Consult a financial advisor.

Are Bitcoin IRAs Safe?

• Are Bitcoin IRAs ...

My warning videos about BlockFi:

• Is BlockFi About ...

• BlockFi Now Going...

My warning video about FTX:

• Crypto Exchange C...

BlockFi Crypto Customers Lose Fight Over Disputed Coin Transfers:
https://www.bloomberg.com/news/articl...

U.S. Internal Revenue Service Files Claims Worth $44 Billion Against FTX Bankruptcy:
https://www.coindesk.com/business/202...
https://restructuring.ra.kroll.com/FT...

Jameson Lopp tweet:
https://twitter.com/lopp/status/16564...

Remember the influencers who pushed FTX and BlockFi:
https://twitter.com/udiWertheimer/sta...
https://twitter.com/denverbitcoin/sta...
https://twitter.com/APompliano/status...
https://twitter.com/BusinessFamous/st...

Bitcoin Held On Exchanges Hits Five Year Low:
https://www.nobsbitcoin.com/bitcoin-h...

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#blockfi
#ftx

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