Summary of FTX Is The Worst Media Scandal EVER | Here's What They're Hiding!!

00:00:00 - 00:55:00

The video discusses the FTX media scandal, in which it was revealed that the company had been hiding losses from its clients. The video's narrator, James, advises another person not to take an offer to appear in a video in which he would be portrayed as a stripper. James advises another person not to take the offer, as it would be a bad idea for his image.

• 00:00:00 The presenter shares a few charts demonstrating the recent volatility in the cryptocurrency market, and predicts a possible pullback. They also mention that their sponsor, Bitkit, is taking them to the World Cup soccer final.
• 00:05:00 The video discusses the recent scandals surrounding the media, FTX, and Litecoin. The author argues that, based on the charts he is watching, the current market conditions are not indicative of a long-term bull market. He also notes that silvergate bank may be an opportunity in the midst of a market correction.
• 00:10:00 The video discusses the scandal surrounding Silvergate Bank, which is a traditional bank that has pivoted into becoming a very strong crypto bank. The scandal involves accusations of money laundering and fraud, and the potential for a run on the bank if these allegations are proven true.
• 00:15:00 Block One, a company that raised over four billion dollars for an Ico, announced that it has purchased a significant equity stake in Silvergate Capital Corporation.Brendan Bloomer, the CEO of Block One, and Brandon Bloomer, the Board Member of Silvergate Capital, filed a Schedule 13G with the SEC. Block One is also listed as a shareholder of Silvergate Capital. Block One is a company that raised money to develop the EOS network, but never built the ecosystem or developed any applications. Critics are accusing Block One of using the money raised to enrich themselves. Block One also owns an exchange, called "bullish," that only benefits EOS holders who do not have any claims against the company.
• 00:20:00 The video discusses the FTX media scandal, in which Block One, a crypto company, took four billion dollars of retail money and did nothing with it until last year. The community took EOS over from Block One, and now Brendan Bloomer and Block One are "completely off talk." The author takes Brendan Bloomer on in the past and plans to take him on again. He also mentions that Silvergate Bank, which is run by Lawrence Godwin, is one of the core pieces of infrastructure that make blockchain work.
• 00:25:00 The FTX scam collapsed the crypto market, and one of the main players, Sam Bankman, is speaking at a summit next Wednesday. Alameda is using banks to hide their identity, but they could have used any gate bank. People are looking at Unchained data to expose the scam.
• 00:30:00 The speaker points out that people involved in the FTX collapse - including Sam Bankman Freed - have political interests that conflict with journalistic integrity. He suggests that these people should pull out of the speaking event, and suggests that Sam Bankman Freed should be arrested when he attends.
• 00:35:00 The video discusses the FTX media scandal, in which CeCe McDonald claims that the FInanceTXT media outlet was driving a narrative in Washington that the reason FTX and SPF needed unique licenses was because binance was a Chinese company. CeCe argues that FTX's lack of follow through ruined the narrative and caused the public to become more aware of the scandal. The video also discusses the recent revelations that the WSJ, NY Times, and other mainstream media outlets have been bought by political parties and their donors.
• 00:40:00 The author of this video warns viewers of the dangers of using centralized and decentralized applications, andstates that companies like Consensus are collecting users' IP addresses and Ethereum wallet addresses when they send transactions. He recommends using a VPN to anonymize one's online activity.
• 00:45:00 The FTX token sale was a major media scandal, because metamask, a popular wallet, is collecting IP addresses and Ethereum addresses. Those who are still transacting in crypto without a VPN are at risk of their details being leaked. There is a new show sponsor, bit casino, which rewards users for opening an account and depositing money. The winner of the first thousand dollars is named "A-C-E-N."
• 00:50:00 The video discusses the Fidelity Trading Technologies (FTX) media scandal, in which it was revealed that the company had been hiding losses from its clients. The video's narrator, James, claims that he was offered to appear in a video in which he would be portrayed as a stripper. James advises another person not to take the offer, as it would be a bad idea for his image.
• 00:55:00 The speaker of the video discusses the FTX cryptocurrency collapse, which led to many people losing money. They explain that starting from Monday, they will be trading again to try and make back what they lost. They also mention playing in the spirit competition, but from then on they will be trading for real.