Fortune favors the (((brave))).
If you just so happen to be one of those “crypto bros” who hates the federal reserve, detest Jewish taxation, inflation, financial intuitions and of course banking. But you happen to buy your cryptocurrency and house them on the FTX crypto exchange, you’re fucked and your money is gone.
Why did this happen? Well, we all know exactly who did it, the CEO of FTX, Sam Bankman-Fried otherwise known as “SBF” and with a name such as “Bankman-Fried” you don’t need me to elaborate further in saying that he is Jewish.
The entirety of the FTX exchange collapsed upon itself in a matter of days, FTX is among one of the three largest crypto exchanges in the world, logically speaking because an exchange is basically a BANK, it should almost be impossible for them to lose money, considering how majority of their profits are simply made through transaction fees, leveraged trading or their own token of which FTX has their own $FTT token.
What really set this into motion was an article by CoinDesk, describing the balance sheet of sister company “Alameda Research”.
Now, Alameda Research is basically a hedge fund corporation but for cryptocurrencies, coincidentally it had been originally started by Sam Bankman-Fried alongside current CEO, Caroline Ellison, who I’ll get to shortly.
The CoinDesk article highlighted that Alameda Research, founded by Sam Bankman-Fried and Caroline Ellison, was in fact cooperating with the FTX exchange and conducting a little bit of insider trading, with the Alameda hedge fund at the time amounting to a total of $14.6 Billion dollars in assets, with $3.66 Billion dollars worth of FTT tokens that were unlocked, along with another $2.16 Billion dollar pile of FTT as collateral.
Alameda Research also had a couple more billion dollars scattered around other coins, mainly the centralized shitcoin known as Solana, but majority of their assets are locked, it was also hinted that Alameda Research was in fact utilizing FTX customer assets and using them to conduct these trades, hence the FTT tokens, of which FTX controls token deployment, circulation and effectively price, raised as collateral.
Alameda Research had liabilities, to the sum of $7.4 Billion dollars, eclipsing the then valuation of the assets held (mainly FTT) and certainly their unlocked “liquid” assets meaning Alameda couldn’t meet the obligations as majority of their assets are locked.
Following the CoinDesk article things get really heated, FTX’s main competitor and the number one cryptocurrency exchange, Binance and their CEO, Changpeng Zhao or “CZ” chimes in by stating that Binance as a whole will be dumping their FTT tokens.
Coincidently, Alameda Research CEO, Caroline Ellison let it slip that they would purchase Binance’s FTT holdings at $22 per coin, an obvious pot shot but all this really did was inform traders that if the FTT token broke through the $22 barrier there would be serious consequences for Alameda Research.
Naturally all of this combined resulted in retail investors to dump their FTT tokens themselves sending the price crashing, on November 7th FTX Token was valued at just over $22 with a market capital of $2.979 Billion dollars, by the following day, November 8th the price of FTT initially plummeted by over 20%, which was quickly short lived because by November 9th the price of FTT dropped to $5 of which today the now worthless token is valued at $1.48, with a market cap of $197 Million dollars.
Effectively, the price of the FTX token has dropped by well over 90 percent, Alameda Research was certainly fucked.
It was at this point that Sam Bankman-Fried took to Twitter and lied, originally speaking SBF proclaimed that the FTX exchange was having a “liquidity crunch” which effectively means that they HAVE money but it wasn’t tangible and able to be simply sold, there was a non-binding agreement made between FTX to be acquired by Binance pending due diligence.
The following day Binance dropped the intention that it would buy out the FTX exchange and bare the brunt of its massive hole of what was once customer funds which were now in the hands of the Alameda Research hedge fund….. having lost 90% of their value.
Sam Bankman-Fried assured customers that customer funds on the FTX exchange were “safe” as users flooded to the FTX exchange to withdrawal their capital, a total of six gorillion dollars had managed to be sent off FTX before the inevitable happened, with no liquidity on hand the FTX exchange had no choice but to stop withdraws entirely.
And that’s about it, aside from the fact that “coincidentally” FTX gets “hacked”, where a large amount of crypto on hand is lazily laundered 600 Million in an obvious insider job.
Sam Bankman-Fried has since stepped down as CEO of FTX, while filing for Chapter 11 bankruptcy, of which Alameda Research had also filed for bankruptcy.
Where Sam is right now is currently unknown, his private jet was last seen leaving the Bahamas
All in all, FTX was a Jewish ruse to launder money through political donations of which its eventual demise would lead to crackdowns and regulation in the crypto space.
Sam Bankman-Fried is son of Barbara Fried, she is the co-founder of such organizations as “Center for Voter Information” and “Mind the Gap” she has been a massive political donor of the American Democrats for years, but of course in a bid to raise more money for her fellow demons coincidentally her son, Sam Bankman-Fried, an MIT graduate manages to net himself billions of dollars just a few short months after Joe Biden announces his presidential campaign back in 2019.
SBF is the son of a Stanford Professor and a Democratic donor.
It’s amazing how these things seemingly work out for themselves, huh?
SBF’s brother happens to be Gabe Bankman-Fried, a former legislative correspondent for the house of representatives, is the founder of Guarding Against Pandemics.
Sam’s aunt, Linda Fried is the dean of Columbia University’s Mailman School of Public Health, oh yeah, and she also happens to be a member of the World Economic Forum’s council.
And that’s just the start of it when you begin to connect the dots, Alameda Research’s CEO, Caroline Ellison is the daughter of Glenn Ellison, her father is the department head of economics at MIT, coincidentally, he was Sam Bankman-Fried’s professor, while Caroline Ellison went to Stanford, and can you take a guess as to who was her professor?
Glenn Ellison, Caroline’s father also just happened to be a very close friend of Gary Gensler, with Gary Gensler being a professor of Global Economics and Management at MIT before becoming the head of the S.E.C.
Gary’s job now is to shit on the Jewish Ponzi of crypto currencies, Gay Gensler also met up with Sam Bankman-Fried on the regular and yet somehow was “blind sighted” by FTX’s implosion? What a cohensidence.
With all four of these Jewish crooks in cahoots it’s obvious now to see what the intention was for the FTX exchange, to funnel money to the Democrats much easier and in larger amounts, while simultaneously destroying cryptocurrency from the inside as a singular centralized system, with SBF pushing for regulation.
FTX customers got the short end of the stick, your money having been embezzled with Jewish hedge fund trickery, you’ll never see it again, all the more reason to consider purchasing a hardware wallet such as those found from Ledger if you’re remotely serious about purchasing magic internet money.