FTX Bankruptcy Filing Cliff Notes, USDC & Solana UNDER ATTACK!?!
FTX CH.11 FILING, BLOCKFI CH.11, BINANCE ATTACKS USDC & SOLANA!?!
Today, we review the first Ch.11 Filing from FTX’s new CEO John J Ray III, and we take a look at how SBF really ran FTX Group. Hold your horses, because you’re going to hurl from the incredible mismanagement of FTX Group.
We’re also going to take a look at the fight between Binance and exchanges right now against USDC and Solana.
WARNING: Not financial advice, but the safest currency right now is NOT any stablecoins, but fiat – i.e. get back into USD!
FTX CH.11 FILING [0:31] BLOCKFI is DONE [1:31] No Financial Statements! [2:26] Customer Deposits Were NOT Liabilities! [2:49] No Cash Controls OR ACCOUNTING DEPT!?! [3:19] REIMBURSEMENTS WITH SMILEYS [3:47] FTX BROKE THE CARDINAL RULE [4:20] Vox Interview with SBF [5:40] PvP, USDC vs. Binance [8:34]
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