Topic: Bitboy Crypto

3 chapters across the catalog

BitBoy Crypto joins the studio to discuss the collapse of the FTX cryptocurrency exchange and its former CEO, Sam Bankman-Fried. He describes the $8 billion to $50 billion insolvency as the largest in history, triggered by Binance CEO CZ selling FTT tokens. The discussion explores whether the deep state used FTX to launder money and intentionally damage the private cryptocurrency market.

BitBoy Crypto (Ben Armstrong) joins the studio to discuss the collapse of the FTX exchange. He describes the $8 billion insolvency as the result of Sam Bankman-Fried creating counterfeit coins and engaging in "God mode" trading to manipulate markets. The discussion covers the political fallout of FTX's donations to the Democratic Party and the role of Bankman-Fried's parents.

Ben Armstrong (BitBoy Crypto) joins to discuss the FTX collapse, labeling it a scam from the beginning. He explains that Sam Bankman-Fried used customer funds to support political candidates and short projects to zero. The "God Mode" software allowed FTX and Alameda to see customer trades and liquidation points, effectively trading against their own users.