FTX - Is Alameda Taking Customer Funds?

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Jack Drexler: We're suspecting that Alameda may have taken customer funds. He says a lot of their holdings are FTT the token, and if that goes down aggressively, which it is right now, that could blow up Alameda. If Alameda is blown up, what does that do to FTX, right? People don't believe their deposits are going to be safe there, he says. The balls on this man truly bravo also bravo to Sam to choose the correct option that protects customer assets, swallows, pride, and not burn everything down in an unnecessary fight according to one Twitter user.

The NIA boys react in real-time to one of the craziest days in crypto history. Play-by-play discussion on FTX collapsing & CZ's 10D chess moves.

Timestamps:

(00:00:00) - Intro + Meme Of The Week
(00:06:50) - FTX Collapse - Play by Play
(00:19:43) - Alameda Blow Up
(00:21:30) - Autism Capital's Tweet
(00:23:21) - Jack's Take on CZ's Move
(00:27:06) - Tech Stocks Collapse
(00:29:54) - Did SBF "Do The Right Thing By Customers?"
(00:34:11) - Binance Estimated Valuation at $300B
(00:39:04) - How Misallocated Were Customer Funds?
(00:43:00) - Revisiting Earlier Predictions On Crypto (2021 vs 2022)
(00:46:39) - "Jail Isn't That Bad" - Martin Shkreli to Do Kwon
(00:47:33) - Big Tech Layoffs
(00:51:06) - Crypto Marketing & BS
(00:54:44) - Has Anything Changed?
(00:59:18) - Crypto Collapse vs Market Collapse

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