Foreign I Appreciate you joining me Mr Ben Armstrong Better known as Bit Boy Crypto in OG In the crypto content creation space, we have a lot to talk about because what we're seeing in the world of crypto right now is there is an absolute War raging on I'm happy to be able to speak with you Yeah, definitely. Uh, there's a lot going on I mean I wish we were speaking under better circumstances circumstances of course. Uh, but yeah, there is definitely a war raging. Um, it's a battle between uh, what we call the the crypto purists and the Stock Market 2.0 and we're trying to kick those people out and they're helping themselves out the door. it looks like so definitely I am excited. Particularly excited for this because we got connected and it all of a sudden sounds like a lot of the things that I was talking about of the craziness in the world of meme stocks. There's some similarities of what you think's going on in kind of that underlying data set in the world of crypto, so all the viewers listen to this. I think there's going to be some interesting tidbits, but before we get to that to maybe the people who need a quick refresher, can you give us that tldr of what went down with FTX Like if you had to explain it to someone one, two, three minutes, could you give us the story of kind of the early November until about now? Uh, greed? There you go. That's that that. That's the story is the story of greed. It's a story of power. It's a story of money laundering. It's a it's a uh story of political donations. Uh, and all this stuff is proven. None of it is. you know, hyperbole. None of it is. You know, we're exaggerating. You know, even the politicians Maxine Waters was on uh TV a couple on TV a couple nights ago on the news and she said, yeah, we think there's something wrong with this money that was given pretty much was. uh, not to put words in her mouth. That's pretty much what she said. and so you know it. really. you have to go back to Alameda research Alameda Research was a venture capital arm or it actually was where all this started. So it wasn't an arm at that point. it was just a VC you know firm. and they had made their money investing in a lot of different projects including Solana which there's gonna be some stuff coming out about Salon in the next few weeks people are not gonna like uh either because the story has got so many tentacles it keeps going. We found out some more stuff about what they were doing as well. But basically when it comes to uh Alameda they created a company called FTX same bigman Freed was the original I think he was technically in the beginning he was the CEO of Alameda He ended up moving to the CEO of FTX. He owned almost all of both companies. You know, he owned a lot of it. he was the The Mastermind. Well, he was the front man at least for it. and he definitely did have a role in some of the masterminding stuff. But what he did is they created basically an online casino and online casino which was FTX It was the casino for the degenerate gambling from Alameda and they would pass money back and forth. They created the Ftt token which is interesting. Uh, you look at Binance coin. For instance, with Binance BNB it has a utility. You know it can it serves for gas on the BNB chain or and then also on top of that you have you get trading fee discounts when you use it on the on the site for finance. After he had no utility, it was just a token there. It was like why? because all they did was wash traded back and forth with Alameda And so there's a lot to the story. But one of the aspects of this was that if you look at the ratios of longs to shorts on FTX it was drastically on the side of shorts. It's almost like an infinite amount of shorts. On that side. Compared to other plays, you're like why what they were doing is For a lot of these projects, they were creating synthetic uh, uh, a Perpetual Futures contracts. They were also creating literally counterfeit coins for some of these projects that they listed on there. There's plenty of other predatory business practices they were doing which we could get into. However, what they were doing is they were. They were counterfeiting the supply on the exchange so there was only so much really liquid. They were just putting zeros and ones and saying hey, this is how many coins we had. So what happens is is that their insolvency hold kept getting bigger and bigger and bigger because when they would counterfeit the coins, what people would come in and withdraw and every time they withdrew they were actually withdrawing real assets and So eventually it was a little insolvency whole. it got a little bit bigger, a little bit bigger, a little bit bigger. Alameda had a back door built in where they could borrow as much money as they want so they could pull any of the real liquidity and eventually it just caught up with them. Um, we had been working on a story with NBC news with Gretchen Morgenson uh about everything we knew about FTX Uh, this was the I think like November 1st or October 30th or somewhere around there Halloween That's when we started. Uh, down this rabbit hole with the insolvency and with Gretchen Morgensen and what happens is in the middle of us doing the story. we put out a tweets and get your money off FTX Whatever you do, take your money off. So we were warning people October 29th was when we did that tweet. we started finding out about this stuff. well what happens is CZ from Finance just blew the whole thing up. We were working on this story and we were going to try to introduce in a way that didn't totally wreck the market because we were being sensitive. Of the people that you know, number one had money in the market, number one had money on FTX We were trying to slowly but surely tell people get their money off and then I believe Brett Harrison the former CEO of uh FTX us he's The Whistleblower He stepped down the day after we released a video which we can talk about in a second about the federal bit license legislation the same baby was trying to do the next day. Brett Harrison stepped down or got fired from FTX us. The next day he followed me on Twitter I think that was a sign. He was a good guy. he was trying to get out. he wanted to tell somebody. he ended up not messaging me. But the point is is that when Brett Harrison left, um, you know and that insolvency hold kept getting bigger and bigger and bigger. He then blew the whistle to CZ about the books there and also he had internal information about Sam trying to throw CZ and Binance under the bus. he dumped all of his Ftt tokens which were just an inflated nothing coin that you know FTX and Alameda trade back and forth and it destroyed the liquidity it dropped I think 85 in one day. Uh, people lost a bunch of money. They had to freeze withdrawals on the site. People saw the insolvency hole and uh, you know the rest is history. So quick question there. Obviously something had to happen to get you and really, even at this point NBC interested in looking into that? What was it that tipped you off that you're like I think I need to investigate FTX a little bit more. Yeah, so we were the ones that in the tipped NBC off Um, you know and we got them involved. um I Reached out to a guy Mark Cohoes Some people know him a big famous short seller, but he's worked with some Financial crimes and stuff like that and he's the one that got me hooked up with Gretchen and NBC Uh, because obviously he's been going down this Rabbit Trail of Sam for a while also. So here's what happened. We have a bill a federal Bill We hope it's going to turn into an amendment. it's not registered yet. We're still trying to raise money for it. Everybody in crypto is going to love it. Um, it's a mechanism to create crypto regulation, so we want to do it in a decentralized way. You know we want to be where there are people in crypto that we respect. That together jointly make the right decisions on crypto regulation along with regular uh, regular Regulators I Guess you know, um with government Regulators So it it's we have say we have a say at the table is what we want in crypto for regulation. So we need funding for the bill. Bills are expensive. It's 3.6 million dollars for us to raise all the money for the bill, about 200 000 to get it registered and then we can kind of kind of move from there. Well the the thing is is you know FTX seemed to be maybe a good player in the space. Everybody thought they were good up until the last two months. Uh, when when Whispers started coming out and so we're like let's reach out to FTX because Sam had just been on Capitol Hill and uh I I still didn't know personally what I felt about him I always felt like there was a little something often if people watched my channel for a while. I said it all the time like just can't make my mind up on this guy for some reason and so we send, um, we send our bill to Brett Harrison and Brett Harrison says Yeah We actually like this. We'll send it over to Mark Wetjin he's a former Cftc commissioner. That is their policy. uh, head well. one. basically they sit on it for three weeks, which is very weird in the world of politics. These bills move very quickly. Uh, you know, as fast you can get them register, you want to move them because somebody's always trying to do what you're doing. cool and so what. Gin sat on for three weeks. our main. uh, one of our main political backers. So we have we're it's bipartisan. we've got a major Democratic background. We have a major Republican background. People know these names Okay well well one of them is like give me his number I'll call him I'll call him and find out what's going on. so they get wet Jin's number. they call him and like what's going on with this bill. he said we're we're never going to fund your bill. uh we actually have our own bill and really what we want is to the politician. we want you to join our team and help push our bill which is basically a federal bit license. It was the first time I had heard this I was like what? and of course our backers are backer. These people are are loyal to us and so they immediately called our team and said what was going on like no I'm not going to work for them. that's crazy and so this was September 18th is the day I got this information and I said Federal bit that's the worst that destroys decentralization that destroys peer-to-peer transactions. So we started making videos slowly but surely not all at once because we wanted to protect the source back then now. Obviously like we're still protecting the source's name. but it's not as big of a deal because FTX has collapsed. you know? So what happens is uh, I start talking about this Federal bit license five weeks before anybody knows anything about it. and so I put out a full video about two weeks into that. The next day is when Brett Harrison steps down. the next day is when um, you know he follows me on Twitter and then three weeks later Sam puts out his famous political regulation Manifesto and So within that. um, there's a very interesting line is the very last tweet in that tweet thread, which was, by the way. we're definitely for decentralization and we're deadly for peer-to-peer transactions. Well, you go read the website. that's not what it says, it actually says hey, we're looking forward to blocking people from transactions And then when you look at exactly those are the two things that I attacked for for five weeks that he was doing. Basically this way of softening the language and saying he may know something but that we're not doing that. So Eric Voorhees gets invited to debate Eric Voorhees OG and Crypto one of the most respected people in the entire space. He gets invited to debate um SPF on the Bank List podcast and so he goes on there. I've never seen a more one-sided debate in my life. It he Eric Voorhees would sit there for 10 minutes, let SBF ramble. he would come in with one or two sentences and totally wreck SBF and he would have to scramble and he would talk for 10 more minutes. And during that talk during that debate was the first time SBS started talking about licensure. No, we think that we think the newer Bill license didn't work because it was on the state level. People realized we knew what we were talking about and so I didn't have some kind of crazy investigative team where we stumbled across All this when people realize that I had the information five weeks before anybody else. they knew that I knew something and they knew that I was preaching against what he was doing. All of his enemies started contacting me, all of his enemies started send me telegram message signal messages, session messages. um, you know Uh, Twitter DMS and I collected the best of those and started calling these talking to these projects and we realized Sam got a lot of enemies and we also realized some people have been trying to blow the whistle on their business practices since March of last year at least year and a half, no one would listen, Nobody would listen. And so we end up getting connected with uh with Uh Hussein Faraj who was the he's the CEO of a new coin. uh, new Genesis protocol. Nobody's ever heard that project because FTX destroyed it. That's why you haven't heard of it and um, you know they shorted it all the way from 38. It had never trade below 35 cents. They put it on liquid. They shorted in a day all the way to a penny. Uh, totally destroyed the project And Hussein is not a poor guy, right? he's He turned down a 40 million dollar settlement offer from them. Wow. All he did was he went through negotiations of a settlement with them just to collect information and just to get audio and video recordings and emails and texts. And so he's been building this case for about a year and just waiting for the right time. and he gave us all the evidence and we reached out to NBC and um, you know the the rest there you know is is yet to completely play out. We're gonna be putting a lot of that evidence on our website. Uh, this week we're actually in. Right now. We're literally working with our web, uh with our webmaster to get that done. It might take a few days and maybe next week before it's all up. but uh, you know I know you've seen some of the evidence we've We've sent you some of it, and uh, you know it's all real. It's all authentic and you know it's pretty unquestionable. There's a very, very strong case against a lot of players that are involved in this. That's awesome. So just for everyone listening, I Want to get, make sure we're getting this timeline right. So if we rewind, uh, we'll just call it like early October At that point, that's really when your flags really started to spike. It sounds like before that you had some questions, but it was more of you had a bill that would in your opinion and it sounds like many people's opinion be beneficial to the world of crypto. specifically within the US And then it sounds like through the way of FTX there was like a little some backstabbery going on so you started to look into it a little bit more. early. November comes around and I believe it was Ian Allison from Coindesk who somehow got his name on the assets and liabilities at Alameda And then that led to Binance. Uh, CZ the CEO of Binance saying hey, we're selling it And then obviously we're fast forwarding to this point where we know that there was no Chinese wall between FTX and Alameda. they were using each other's money. They were doing way more than that and at this point it's probably going to go down as one of the largest cases of financial fraud in the history of man. I Previously inappropriately connected it to Enron and Madoff and I say it's erroneous because this is even worse. like it's absolutely insane and well, your timeline is pretty close. We knew somewhere around October 23rd, 24th. Okay, that's when we. That's when the antennas really went up because we had connected with. there's about there's five projects we've talked to We Can't name all. Well, six. Actually, we can't name all of them because some are under NDA and they won't violate those even though the companies collapsed. I Wish they would come in and talk. Okay, their lawyers have told him not to. Basically, once we start examining all the pieces of evidence, we realized the entire market for FTX was fake. and once we realized the entire Market was fake that by October 29th. when I put that tweet out, we knew we knew we knew that it was insolvent. It was just a matter of time before it came out. So that was just the one. The one thing in the timeline we we knew before Coindesk. we knew about a full week and a half. Uh, before Coindesk did. We were very disappointed that Coindesk and CZ did what they did because It sped up our timeline on how we had to operate to push things out. We were wanting to at the end of this month do like 60 Minute style interviews with these projects and put it out. Uh, the insolvency got sped up so quickly and we we were just we wanted people to ease out. we're starting with our audience and then push. Eventually the insolvency would have been met, right? So you know I Don't know if it would have been a bank run or whatever, but we we really tried to do it in a way that wouldn't wreck everybody. and uh, you know. Unfortunately, Coindes put out that article now I'm not saying unfortunately from a perspective of we didn't want people to have the information, it's just they kind of 10x the crisis gotcha with this I'm trying to like and truly this is one of the most complicated knots and I feel like as you pull on a thread it does get really crazy. One of the things that I found particularly interesting is the gentleman by the name of Dan Freidberg. So to everyone listening right now, there's a good chance they maybe heard this name and forget how he's connected. Uh, but the more I was looking into it and also based on some of the information that's been fed my way. uh, he seems to be a very pivotal player, so could you I guess. Do the listeners a favor and explain your understanding of how he fits into this and maybe some conjecture of how the storyline for him might play out. Yeah, yeah. I've definitely got thoughts on on both those things. Uh Dan Freeberg is I say Friedberg some people pronounce it Freiburg I'm not sure exactly what the pronunciation is. they did not provide me with a pronunciation key. Uh, but uh. Dan Freeberg to me is the key to this entire thing. um I I Would certainly say there's an angle here for us to talk about SBS parents possibly being the masterminds behind all this, but Dan Freeberg is the architect for sure. So who Dan Friedberg is he was a lawyer for Phil Hellmuth A lot of people know I'm a big poker player you know make 135th in the main event. you know last year is a highlight of my life. Congrats so well! Thank you man it was. It was really unbelievable. It was awesome. It was uh in November last year and uh you know I always wanted to play in the main event and then I was a chip leader on day five and I got on the TV and then I lost some pocket aces and it's whatever. so but it was really cool. It was really fun. so I love poker I Love Phil Hellmuth he's one of my favorites I know a lot of people like they call him the Brad or whatever. uh Madison the mouth. you know you never met me I guess they think he's the mouth and uh you know that they were both involved with something called ultimate Beds. they were promoters well Dan Friedberg was actually Phil Hellmey's personal lawyer and Phil Hellmey's got approached by Ultimate Bet uh there's another. there's two names, Something Poker, Absolute Poker and uh Ultimate Bet I think is is the other one but it was basically one network and he got introduced through Phil Hellmuth to this network. Well what happens is he comes in for into the inside of it I'm not sure if he completely left Phil helmet he screwed Phil helmet for sure but uh what happens is he starts showing them how to build an architecture for a uh a shell company gain to be able to protect themselves because they were about to run the biggest game in poker history. They created something called God mode and and what's so fascinating is when you break all this down it is FTX it's the same exact model so they create something called God mode to where players who had god mode which were players people that worked there they could see the other people's cards. so Mike Mattis that would be like it's weird like they would just call me in the afternoon be like hey Mike you want to come play heads up like yeah sure we'll go play heads up then they'll steal a million dollars from it. now they're both. They stole a million dollars for my manicello during this God mode thing. Obviously it wouldn't have been in one session or he wouldn't have came back but they would. They would lose sometimes on purpose. I mean you know if you if you're cheating in poker I mean people can assume the way that works. you know, like you can't give all your cards away the first time. You know they might even let him win a few sessions. But Ultimately they took a million dollars from Mike Mattis out using this where they could see his cards and so they use this against a lot of big name players um that were coming in who had why? Because the big players are the ones that have the seven figures and so at some point it's people start getting suspicious and so they have an internal Fail-Safe that deletes a ton of the data. So they deleted the website. They deleted so much stuff the servers they cleaned them but it was like it was a mechanism that did it that deleted a lot of the data points and then of course one guy who was not Dan Friedberg I can't remember the guy's name. They basically set him up as the scapegoat for the entire thing and he's the only one. I Believe that guy got in trouble. Now let's compare this to: FTX Shell Company architecture. You can't even figure out where all the money is with them. SPF has his own uh, companies that he has a ton of Robin Hood shot stocks in a ton of other share. We don't even know where all that stuff is or what it is. Number two, um the god mode God must. Same thing for FTX Alameda Could see all the trades on FTX Alameda Could see your stop loss. They could see your liquidation point in your in your account. They could see everything. It's the same thing in poker. if you see other person's cards, you win. Well if you see liquidation points for Trader for big Traders have big liquidations. You can win too because you can force the price right down there and pop it back up because you know it it. there's a lot of money on the line here. Third of all, the Fail-Safe the hack that occurred a couple weeks ago. It was not about where the money went and that's where that's the misdirection. Some of them I went to CZ so it went to Vitalik. some of it went to Kraken That was to confuse people. it was not about and look. I'm not a developer I'm not a coder I can tell you exactly how it works I'm not a tech guy. Okay, but it was all about destroying data points that got left behind on FTX that's what they were doing. They were sending the money out to addresses and cleaning what was going on inside of the FTX uh website with the servers. There's data points that have been destroyed there. Um, number four. Fall Guy Well, SPF is the Fall Guy SBF is going to end up taking the fall for this entire thing. He's certainly part of it. He doesn't. His parents are going to sell him up the river I believe. But uh, whatever. The the point is there. You know what's gonna happen when Dan Freeburg next. So it's the same scam per you know, perpetuated very clearly. same scam. Now you say what's gonna happen to Dan Well you know Dan's cockroach. Okay, he survived the Ultimate Bets candle. Uh and by the way, they had Dan on video admitting a lot of stuff with ultimate bets. That's why we know none of this is conjecture. He literally on video said that you know he's like maybe we can just pay out the customers five million dollars and uh, you know that'll be good enough. He was talking about settling with the players because they knew it was a scam. So he he's not Innocent but he's good at staying out of jail. He didn't even lose his lawyer license in the state of New York when the Ultimate Bets can't the largest scandal in poker history when it happened and so what my feeling is is Dan is going to flip, get immunity immunity and tell the Tale on Sam and make it seem like Sam was the only person who was involved in it. So just to tie this all together for everyone listening, Dan was the lawyer for Ultimate bets. This happened all and I believe he's also the General counsel for FTX I didn't actually say that so he was General Counsel of FTX Now early 2000s he was involved in this massive scam. I believe 40 million dollars was the ultimate bet and now he was the chief regulatory officer for FTX and then the legal counselor for Alameda And it seems like there's a lot of similarities in the story The Only difference is instead of 40 million, he did it at the scale of 40 billion like he just added three more zeros on. Yeah, it was a test run. That's ridiculous. So a couple people you brought up here that I want to get a little bit more into is Sam Bakeries Parents So they were law professors at Stanford Apparently they now have millions in assets of real estate in the Bahamas Uh, what's your take on that whole craziness? Well, they're Securities lawyers and they're also uh, our professors at Stanford and like they just had like a hundred. I think 121 million dollars worth of real estate that they own in. uh Bahama in the Bahamas I Guess yeah, the professor pays well exactly I Guess you know you know they used to say like you know if you can't learn, then teach or something like that Well I guess if you can't get, you know if you, if you're poor, just teach and apparently you'll get all the money. so it's very sketchy what's going on there. But it's not just that, it's not just their ties. Uh, with money, you start looking at what they do. okay Sam Bateman Freeze Dad: not only does he work, he did work for them in the I think the regulatory uh area for FTX and Alameda. But when it comes to uh, the mom, the mom has her own political action committee, her own pack raising political donations. The dad also literally did legislation like helped Elizabeth Warren with tax legislation. They've got all these tax shelters, all these homes, and all these offshore places I wonder if what he was doing that for and the argument can be made and and I believe I don't want to take you know we're not. we're This is not about taking Sam off the hook and this is not about like punishing Sam we we want Sam to be punished for sure. Um, but we also want the problem fixed which we can get into in a second. Uh, but the whole issue here is it's starting to look like maybe his parents have had him doped up on Adderall his entire life and have just been pushing him around and telling him what to do. the ant SBS brother same thing they they also have their own you know, uh, political Endeavors and their own companies to where they're sending money and donations to the Democratic party. and as you start to see that this is a uh, a poison family tree if you will. Wow, it's something you said there. Really like it. just the light bulb moment for me. So you have Sam Bakeman Freed's parents. uh obviously the mom runs a pack. they donate millions and millions of dollars so whatever political people align with them. So I didn't know the story about their dad uh, having kind of that connection with Elizabeth Warren and more of like the tax stuff well in the side of stocks. It's very, very well known that Elizabeth Warren Well, the current SEC of the chairman of the SEC excuse me, he's kind of hitching his political wagon to Elizabeth Warren. It's very evident in the world of politics that he wants to be the Secretary Treasury probably won't be able to pull it off. But from there that's strange because then the Alameda CEO current or the most recent one uh Caroline Ellison her dad was Gary Gensler's us at MIT where everyone was connected for Sam Bakeman free to get connected. So really all of a sudden we're starting. It's almost like that Meme from Sunny in Philadelphia where you're driving like drawing all those like uh I guess the the threads everywhere but like on the board, the connection is very very clear between like politicians taking it I mean even right now I'm not the biggest fan of Maxine Waters but I have to give it to her I mean she was calling out four of her own house committee members that took money from FTX So I mean we have politicians, We have multi-million dollar donations. We have the chairman of the SEC we have presidential hopefuls, we have crazy exchange uh, I guess and also hedge fund. In the world of crypto and crypto bank fraud going on, this is just ridiculous like this really is. It's so funny that Michael Lewis is look making a book on this and Apple just bought the right suit because like it's gonna be a multi-series movie just to wrap your head around how deep this corruption goes and and it's just pure chaos in the world of crypto. Who's playing me? That's what? I'm Listen, Listen, uh, you missed one connection. Um, and it's just a small one. but you know Elizabeth Warren's daughter intern for the SEC That's just perfect. It continues. It's just a little cherry on top. Yeah, but look, people need to understand what's coming. I Don't think people understand what's coming here? Um, you know people are talking about the right. You know people are scared of the crypto regulation. but I I actually don't think the crypto regulation is going to happen the way people are thinking it's going to be. I think our bill is going to win. Uh, and I think things are going to actually change for better with regulation. The thing people are not thinking about is who who just took over in the house for for congress? Republicans Republicans right? Who have had the house for the last uh, four years? No, the Democrats Democrats right? What did they do with those four years? Two years of Trump collusion hearings, Two years of January six hearings? Okay, what do you think the Republicans are going to do? Democratic Money laundering, political donations from FTX This is going to be in the news every day for the foreseeable future. The Republicans Now it's tough because Kevin McCarthy Who is in charge of the Republican party and for the Congress for the House Representatives Uh, you know he's wrapped up in this too. There's uh, they call them rhinos of course not. I'm not trying to make this political I'm just tell you what's going to happen. Uh, almost all the Republicans have received money from FTX were in the Rhino category. as a lot of people say, meaning they didn't support president. Trump Um, they've They either voted him for impeachment or either they considered voting him for impeachment or kind of like you know, stump for him not to be in charge. Kevin McCarthy is actually being accused right now of taking money from FTX in order to stop his in his party from winning. Um, uh, you know from the red way this is top to Red Wave Kevin McCarthy worked against his own party uh in in some of these elections so it's very dirty and the fact that the Republicans are also involved in this some of it. but once again it's the Republicans that most Republicans don't like. so we'll have to see what happens without how accountable they're held. but this is not going anywhere anytime soon. This is just starting. We haven't even got into the Ukrainian Ukrainian money laundering yet. I've seen it, it's real and it's this is going to come out as well. This is very bad for a lot of political figures. This this is the greatest financial fraud um, and political corruption case uh in our entire lives. Well, let's get into it. if you had to explain what's going on because a lot of people are saying yes, there is legitimate like donate Nations to Ukraine Ukraine FTX FTX back to politicians and then I think I even read on Forbes that it's complete baloney. So you're saying you saw it I'm saying it's BS Uh, give us a little bit like why are you so confident that that was a very real thing? That is all that benefited the Democrats Yeah, so so look now. so there's my water. Republicans I Really don't want to make this I You can't help but make it somewhat political because there's political parties involved. but I This is not about who's right, who's wrong which buys a system of corruption and I I think if you go back even a little bit further here and you go back to what happened with GMC uh or excuse me, Gme and AMC oh GMC that's like Jennifer we're together. which they may be together again I'm not sure I don't keep up with slaps, but the point is if you go back to what happened there um with Ken Griffin obviously creating the synthetic ass, the synthetic shorts to be able to crush the people that were trying to long and make money with the short squeeze and stuff like that synthetic assets, right? That's what they were doing. Well, What What happened? We we came to find out what they were doing. We we now know the way that they were making sure that they controlled that market. jig was Up For The First Time The Jig was up. Well what do we? What do we do now? How do we? How do we raise this money now and and give it in political donations and try to control with it instead of stock market? 1.0 We move on to stock Market 2.0 Let's let's create an exchange to where we can use the look at these kids. These kids are smart. They're Traders. You know we're political people. Let's get them to come in. We'll blow this exchange up. They weren't understanding how degenerate the insolvency was going to get probably when they were doing this because this is not planned. You know this blew up in everybody's face because it's easy and so what happens is is let's raise a bunch of money out of nothing like let's take our Ft. Let's create an exchange. There's already a model. look at bindings, they have a coin. Let's create that coin and then let's just pump up the the the value of it and then we'll have money to loan ourselves that we have to pay back in a token that we make up the price on anyways and you what ends up happening is you just generate all of this money and Loans from yourselves. You're actually borrowing the money from the liquid assets, the customer funds. But you're able to make these immense political donations and I'll tell you A Lot of people don't understand. We were very close. We were very close to say I'm winning if Sam by the and this is why we were doing this by the end of the month. While we want to put all this out by the end of the month, if Sam was able to buy a voyager and able to buy Celsius and he had talked about buying Circle If he was able to start those purchases before this installed, he got insolvency, got, uh, you know, uh, discovered he would have pulled it off. he would have got too big to fail, They would be able to cover up all those assets and so nobody knew this was happening. But how would he do it? How would he get all of these uh, you know by all these companies political points. he was winning Political points left and right, left and right, left and right. and he was raising a bunch of money. He was giving money out. He was trying to shape the regulation to set up for the Federal Bit license to be able to be the only game in town that had he had a derivatives platform underneath him. he had FTX he had FTX U.S um he had uh uh a liquid was another exchange they had blocked by. They were in 200 companies or more or 200 million. whatever it was I think it was 225 companies that they were in. they were going to have an Empire that they would have been a to cover the insolvency hole. There are a lot of accusations towards Binance and this is why Sam said you know people in glass houses shouldn't throw stones Binance a lot of people believe did the same thing. A lot of people believed Tether did the same thing but now Binance is too big to fail I'm not accusing them of that I don't know that for sure I haven't seen the numbers but I've been told that that's what happened. but they're too big to fail now and they have 70 billion dollars in reserves. Nobody can really touch them and Sam was not quite there. This was the last chance CZ had to swing on uh you know on Sam to be able to expose what they were doing because he was trying to become the only show in town and when you look at so when you when you look at uh you know we'll get into the Solana thing today because that's a whole other thing to pack but or unpacked. But when you look at what Sam was doing he consistently attacked all competitors. He wanted to attack all competitors to become the biggest show. You know, how do you become the tallest building in town? Well, you could build one which is knock all the rest down. You could absorb him and that's what he was doing. Who was next? Coinbase and then Binance? He sent a warning shot out to Brian Armstrong said yeah, we're thinking about buying coinbase Yeah! I Remember that Armstrong's like huh? What? Uncle Brian we call him on the channel obviously Uncle Brian We're going to see him at Thanksgiving tomorrow so not not actually related but I wish we were. Uh, he's bald I have beautiful hair so that's how you know we're not related. So uh, the whole thing is. Um, Sam was very close to pulling this off. they were creating a big funnel of money to be able to give up. I I Don't think this was about the Democratic party and I know people are going to say that's crazy, right? Democratic party got the most benefit of this by a long shot. Sam wanted the Democratic party to win. He did not want Trump to win, but this is not about necessarily the Democratic Party This is about a system of control that was going to let basically Sam and the people behind him run the United States and shape it how they wanted to. and they just happened to be aligned with the Democratic party and that's where they were sending the money to. But you saw they were also capable of sending to the Republican party that it was about influence. That's what this was about. It was about influence and a lot of people involved with the Democratic party like obviously saw a big opportunity here. But you see with Maxine Waters I don't think she knew this was going on like I don't think most of these Democrats knew this is where this money was coming from I Think if you follow the money here, I think you'll find there are some very high level people involved with that party that definitely knew and possibly orchestrated this. It was kind of a scratching my back I scratch yours. Okay, we scratched Democratic parties back. We give them money, they scratch our back and let us control crypto regulation That's truly mind-boggling. Uh, just to wrap this up, And so everyone knows, there's a lot of things that are going to be coming out, particularly from Bit Boys Channel in the very near future. So we're going to be doing a whole follow-up part two interview after that. but be on the lookout for all the things that are going to drop. We can't really publicly disclose it yet, but to wrap up this particular interview, are people going to get arrested? Are there going to be Ricoh charges like why is no one in handcuffs right now When we're literally talking about the largest financial fraud ever committed by man? Well, that's a great question. Nobody has the answers. No, nobody knows why. But uh, I can I can tell people that, uh, we're we're gonna get the answers. We're going to find these answers. Ultimately though, Sam is going to prison like he will be going to prison. He's a little delusional right now because he's all messed up on whatever amphetamines he's taking. Um, but it's true. Admittedly, you know Caroline was like I don't understand how people live life without being high on amphetamines. They're so dumb like come on. Caroline come on. Sweet Caroline Um so anyways, uh, you know I I do believe Sam is going to prison. he'll probably do 10 to 15 years. He may get off a little easier. he might do five to ten. he's gonna. he's gonna be the Fall Guy for this Dan Freeberg's gonna flip I believe Caroline's gonna flip I think Caroline's gonna flip as well. Uh, because obviously being pretty much the only woman that's really wrapped up in all this she'll probably get. you know it's just easier to flip because she gets sympathy from people. There's already people out there that are saying oh, she couldn't be involved in this. She's such a nice sweet Harry Potter Fan, you know so it I think Carolina Dan Freeberg will flip I think Sam Trabucco I think that uh Sam Bateman freed and unless Gary Wang escapes out to the CCP where where he's uh, you know, made a home at uh I think they will all be going facing charges Sam will be the worst. It's just a matter of time and people really I would really encourage people not to jump the gun on this and think that this is over and it's getting buried. Sam's delusional is what's happening. um and you can't take what he's saying to be reflected what the government's doing. um I will tell you at this point from what I know I Do not believe that the Department of Justice is involved in this yet, but they will be. they will be. And one of the things that we are doing here at Big Boy Crypto is uh, we have an Evidence package. you know we. we have a few different versions of it. when I know you've seen one of them. We going back to what we're talking about with the bill. we have very high political backers. These evidence folders are going directly to these political uh, you know political experts I guess or political or maybe former politicians. but they're big in the political game. It's a good way for us to say it. uh and they're going straight to the regulator's hands. Straight to the Doj's hands. Wow! When when a a major political player comes and hands you that and you're Gary Ginsler, it's not the same as me talking about it on Twitter and so this stuff is all gonna be coming out. I Just really encourage people to be patient but also focused. We had to be patient but focused we can't let Sam off the mat. We can't let the parents off the mat. Um but uh, you know at the end of the day somebody's taking the fall for this I mean look people didn't think Elizabeth Holmes was going to go to prison either and you know she's doing 11 years and if you do the math, just on the financial side now not involving the blood and the People's Health and stuff but by the financial side you know she got she got 11 years I believe uh based on the the whole of all of Alameda that would put same thing free to ning about I think 780 years in prison. Oh absolutely brutal and what a perfect way to end this particular discussion. For anyone who's interested and you're looking for bit boys information, it will all be in the link of this video. so his Twitter his YouTube channel, his website, it will all be there and everything we talked about in this particular chat. uh as always I truly appreciate your time. we'll be talking soon and uh and hey Happy Thanksgiving and I I Can't wait for version two of how this is all going to play out. Very exciting times. Thank you man I Appreciate it. Gobble gobble people even be thinking about what you're thankful I know the Market's down and it's okay. Those of us have been through this, especially in Crypto. We have a different kind of cycle than the stock market has to everybody else. Just be patient. We I think the bottom is in pretty soon actually. uh maybe by the end of next month. you know we get we get some Fed rate stuff. they're slowing down the hikes. does everybody be patient? And it's not the time to pour all your money into these markets. but you know when they talk about you know blood in the water and this is where the people get rich. People need to be paying attention because we think there's going to be some really good opportunities coming up and we think by next Thanksgiving you're going to be really thankful you stuck through all this. Absolutely love to hear it have a good one Thank you man! Thanks for having me.