This should be chapter 7 bankruptcy (liquidation) not chapter 11 debt and business work out a as going concern. Chapter 11 allows insiders to continue to drain the company and find a way to escape or avoid jail. Bankruptcy protects the insiders.
@@destinybeverly2785 Brian is right. What it allows the company to do is continue to pay the top executives ridiculous salaries even though the company is defunct. There also is huge legal fees and bankruptcy process can stretch out for many years. Celsius for example has burned though hundreds of millions in a few months. The people who stole your money continue to pay themselves millions out of the your money.
Chapter 11 kindof works as restructuring from 0 and when you file for it,you still have a time window to sort out finances in this case take all thats left and fuck off
@@destinybeverly2785 chapter 7 is when the company is forced to liquidate by law.well sam’s both parents are compliance lawyers and so wouldn’t wonder.
The only reason I'm still hanging around is because of you guys. Holy shit are you harbingers of crypto. We would be lost, depressed, cold, and tired without you, Up Only. Thanks for feeling all of this with us and bringing the truth.
Bernie Manderloff levels? Or maybe ENRON levels? Or maybe even just plain on old Government level incompetence? You would be staggered at the level of incompetence at EVERY level.
This hack is 100% insiders, i.e. someone like jump capital, using the funds to pay back loans to avoid liquidation. That in turn explains why markets haven't fully dumped yet.
Nah, no respect. Ledger took money from Sam, and was defending him right up until the last moment, while at the same time making baseless claims against others in the industry like Richard Heart who was warning against people like Sam. Ledger is the exact type of personality which creates problems in crypto. Fetishises traders and centralised operators while taking money from them, and at the same time demonises people pushing real defi.
This guy honestly is not acting in his interests to be here--or anywhere, public or private--discussing any of this. Especially sans lawyer. The naivite in this space is gobsmacking.
That guy Has something to do with it, His antics and gestures are that of someone fighting Inner Moral Conflict… tell me i’m wrong. Just watch top left square as the coins are being stolen.
@@Bulltardwin Crypto is a scam because it is a "black-box" business with NOTHING INSIDE. (Not so for the internet) But the novelty provides a great opportunity for a pump-and-dump. That is why Buffet/Munger calls it bad for society.
Gensler’ ex boss/ good friend is MIT Prof of Econ, who’s also dad of Alameda CEO, Caroline, also SBF’s gf. SBF’s mom is Clinton’s legal advisor, Dem PAC. Gensler was Clinton’s campaign finance mgr. SBF is 2nd biggest donor to Dem. His aunt - member of WEF. A Dem’s operation.
This is one heckuva movie. There's some real life drama unfolding and the broadcast hosts explain it well-enough from an industry perspective. Way better than She Said (2022).
This should be a lesson for uponly regarding sponsors. This space was founded on decentralized principles and that really should be taken into consideration when choosing your future sponsors.
New week up as many FOMO in. But the AMT23X story isn’t over yet. The only strat that works under all circumstances is DCA all the time with solid, large companies (not hyped ones).
He deposited $700k, thought he has inside information, the impact was only to Alameda and could benefit from it when the tokens go up. Buy low and sell high, it backfires on him.
Would be interesting to find out that in the end the most psychopathic traits are clearly visible in Fried and Ellison. So it would make a lot of sense that she would be behind the hacking, then flee to Dubai and prepare the nest for the rest. Fried would probably try to flee, but as he is clearly too dumb to even steal in a proper manner, will go to prison. The judge will probably apply whatever cool sentence, and our math-crypto-bro will be chatting and working with the math-crypto girl online, without any restrictions. He will come out of prison 5 years later, now even fatter and fly directly to Dubai, where he and Ellison will carry forward with their criminal life style and activities, work probably for some intelligence agencies and die in a very suspicious swimming pool accident (like drowning in a sand dune) by the age of 42 (whoever reaches that age first). Why not, at least it would be more fun than having to admit that two substantial gambling addicted idiots tricked thousands.
For Sam to be playing video games during this is an action that tells me 1 thing; He has the security in knowing that he is doing right by somebody, because he is part of a much bigger ploy by big bankers/government/media. Take the red pill and you will see it, they always get a slap on the wrist
Problem, reaction, solution. If "Hammer of Thor" Regulations are the result of this, perhaps the answer to, "who is behind this" is right in front of you. The actors pushed in front of us, notwithstanding. SBF, et al., being the actors but their strings being pulled by aforementioned "State Actor".
I think it took a lot of guts for Zane to come on and he should not feel guilty one bit. These things seem bad at the time but we learn and things get better. Money will be made again but we need to move to decentralised systems and stop trusting centralised companies.
Smiling at the weirdest times in the interview, like a child caught with its hand in the coockie jar and saying it can't be an inside job. He seems like he's just part of the scammers. The audacity of these people is just crazy
Sam ran down the basement and went through the replacement door jumped over his neighbors yard while being chased by wolves. You know he laced the crypto hole with a model so just in case to drain it hollow."Whatcha want me to do"? beep Carlos! 🤣
What a clown. Resigns when his clients need him most. Goes on podcast to make excuses and profess ignorance. Then stays on while insiders are draining the exchange wallets. Seriously wtf.
i never partnered with ftx and never been deposited a dime there but pls don't drink from that ftx can....it's kind feeling annoying ..i don't know why?
55:06 Dude there's no hack...guy is stealing money live banking on the fact that no one would think he would do that with this kind of attention on him
After the Etherem ecosystem, AMT23X is the best ecosystem available on the market and most people don't understand this yet, I believe due to lack of marketing. Thank you so much for bringing us this kind of content!
What about all of the fictitious shares that is coming out in relation to AMC GameStop and some other ones apparently if you add them all up there’s way too many shares out there that exist I think this thing goes a lot deeper than people are expecting unfortunately
1:49:00 most (if not all) the anonymous org hackers have been caught and either jailed or coerced to work for the state. anonymous org is widely known to have been co-opted by the government, military intelligence, cia, fbi, take your pick the main hackers of LulzSec were also caught
You should make a content on how to earn 6 figures in monthly profits cos I've been reading about investors making up as much and I'd really love to know how to such substantial profit in this current market
I recommend to pick up and read a few books. Peter Lynch is where I was recommended to start. Learn different strategies so that you might develop your own
time in the market and your contributions are far more important.. also diversify the hell out of your portfolio (at least 5-7 different asset classes)
Zane body language alone screams me and my team just stole 600mil live on Up only Podcast. What a fucking dork he can't even spend it(Tornado is down).
Why you deleting replies @cobie. You being sus like ftx. Don't delete the conversation. Which we are saying that your guest looks dodge, body language of and that he probably stole 600mil while on your podcast. What did you not saying anything you just made slight comment before he left the stage. Grow a backbone and call these people out if you just put him on the spot he would of folded.
Suspect to say the very least. I mean they certainly got their own money out, and were taking bribes from HNW customers to do KYC in the Bahamas and release their funds, and then they declare bankruptcy, followed by a so called ‘hack’. This guy looks neither distressed nor surprised by any of it, frankly, and beings that he handled the HNW individuals that got out fraudulently I would call this an exercise in arse covering to say the very least.
You should have transferred your Crypto into Coinbase, it would have been faster to get out. I did that with BlockFi and I got out just in time, I cashed out from Coinbase and they sent me my cash in seconds.
@@diegog1291 I took my crypto Tuesday and transferred it to my cold wallet. It’s my usd money that I transferred Tuesday morning to my linked bank account through ACH that I am waiting for to clear
@@gtavomaldo1942 that's what I mean, could have converted the cash into Bitcoin and send it to Coinbase and then sell your Bitcoin and cash out through Coinbase instead of waiting to cash out directly through FTX.
Anyone who’s here for the title, I would start watching from 46:00.
MVP!
Thanks!
thx mate
thanks
Cheers!!!
This should be chapter 7 bankruptcy (liquidation) not chapter 11 debt and business work out a as going concern. Chapter 11 allows insiders to continue to drain the company and find a way to escape or avoid jail. Bankruptcy protects the insiders.
So with CH 11 they can continue to sell the assets they have legally?
Debt is teired, nothing about protecting insiders, its about how secured it is and who it goes to first
@@destinybeverly2785 Brian is right. What it allows the company to do is continue to pay the top executives ridiculous salaries even though the company is defunct. There also is huge legal fees and bankruptcy process can stretch out for many years. Celsius for example has burned though hundreds of millions in a few months. The people who stole your money continue to pay themselves millions out of the your money.
Chapter 11 kindof works as restructuring from 0 and when you file for it,you still have a time window to sort out finances in this case take all thats left and fuck off
@@destinybeverly2785 chapter 7 is when the company is forced to liquidate by law.well sam’s both parents are compliance lawyers and so wouldn’t wonder.
The only reason I'm still hanging around is because of you guys. Holy shit are you harbingers of crypto. We would be lost, depressed, cold, and tired without you, Up Only. Thanks for feeling all of this with us and bringing the truth.
Yup
My heart goes out to all those who are deeply impacted by this fraud… but it’s been absolutely fascinating to watch in real time
Meet Kevin just said he lost $425K FFS!
How does your heart actually do that?
and immensely fun as well......
Yeah it's sad but at a certain point you have to realize when you invest in shitcoins you deserve it.
@@age_of_reason as wrapped heart
The most unprepared & loose crypto show covering the heat right when it's needed, thanks guys, grand class xoxo
The sheer level of incompetence surrounding this situation is staggering.
Truth is stranger than reality usually
Bernie Manderloff levels?
Or maybe ENRON levels?
Or maybe even just plain on old Government level incompetence?
You would be staggered at the level of incompetence at EVERY level.
I bought AMV67T as much as I could afford today. I want to be a part of this beautiful experience.
what is fuk is this? Why it has 597 likes within a few hours? A new fuking scam?
Scam
Scam for sure. scammmmmmmmmmmm
Scammmm
Sam has a Backdoor. From an entertainment perspective this was EPIC! Well done! :)
It was never about "decentralization." It was about "re"centralization.
Only for non btc
They look at banks and isn't mad that it's centralized, they're just mad it's not centralized with them on the top.
This hack is 100% insiders, i.e. someone like jump capital, using the funds to pay back loans to avoid liquidation. That in turn explains why markets haven't fully dumped yet.
1:08:43 Ledger‘s words here are so heartfelt and kind ❤ respect
Nah, no respect. Ledger took money from Sam, and was defending him right up until the last moment, while at the same time making baseless claims against others in the industry like Richard Heart who was warning against people like Sam. Ledger is the exact type of personality which creates problems in crypto. Fetishises traders and centralised operators while taking money from them, and at the same time demonises people pushing real defi.
This guy honestly is not acting in his interests to be here--or anywhere, public or private--discussing any of this. Especially sans lawyer. The naivite in this space is gobsmacking.
Or are they telling the story so nothing can be admissible in court? 🤔🇺🇸
This is a crazy podcast and will be part of a movie in the crypto future
My brother in Christ, no one will make a movie on this
This will be great evidence in court
Mate no normal non spectrum person cares enough to watch a movie about this
FTX is on WEF website, lol the ones who said not long ago: "You will own nothing and be happy".
ur a no coiner now.
I think the people that used FTX are not so happy right now lol
"You vill eat zee bugs and forget my farzer vas a Nazi who worked vith Bill Gates' farzer." -- Klaus Schwab
@@tensevo no coiner is where its at rn dog
47:00 title happens
ALMOST 4K IN ASSETS STUCK IN FTX US. THIS LITERALLY KILLS ME.
you'll be fine/don't leave assets on exchanges
they said ftx us is no affected
@@FallKingPepe you're wrong. Try logging into the app
@@MaddMo do not try logging into the app, FTX has been hacked and malware has been hidden within a Trojan horse of the app
@@FallKingPepe yeah, they also said ftx international is not affected. bankruptcy filings say different. both are bankrupt.
OK, I guess someone's gotta say it... suspiciously convenient alibi.
I was watching the stream and that was my exact thought 😂 but then they are saying it’s a sloppy hack etc the whole thing is fucked
It IS a sloppy hack. Almost like somebody in a hurry was behind it. There’s police reports of a high speed chase of a Corolla in the Bahamas…
Dude just transferred himself 600M while he's on the live... lol.
On a show sponsored by FTX no less
In this theory you are assuming he set up that couple for the bitfinex hack too?
He is the mastermind of all masterminds, great actor also😂
Sounds like a perfect cover to be on a live stream the moment things are being stolen lol
That guy Has something to do with it, His antics and gestures are that of someone fighting Inner Moral Conflict… tell me i’m wrong. Just watch top left square as the coins are being stolen.
Gold is going to go on a tear over the next few years because of shit like this. Also I think Zane was lucky to be fired from this shit storm.
this story just will not quit
quit? bro this is just the beginning. following months will be so interesting.
Careful, there's scammers in the comments promoting some 'AMV67T' (??) BS related to Amazon or some bullshit
yup just need to take 1 min to report them all
As if it couldn't get any weirder, FTX has ties to the WEF. You know, the same people who said, “You will own nothing and be happy.”
Well if you were involved with FTX, you do own nothing now, but are you happy?
U K R A I N E
Crypto: Young men scamming other young men until no one is left standing.
You have no idea what crypto is, boomer
@@Bulltardwin The industry may not be 100% scam artists and only about 90% young men. I will give you that!
@@darwel007 the same could be said about the early users of the internet. Was it a scam?
@@Bulltardwin Crypto is a scam because it is a "black-box" business with NOTHING INSIDE. (Not so for the internet) But the novelty provides a great opportunity for a pump-and-dump. That is why Buffet/Munger calls it bad for society.
Anyone watching this just watched SBF steal everyone's money and run to Argentina.
timestamp for the title? i lost everything on FTX so I can't bare to listen to a whole podcast on it
46:00
Imo these streamers who shilled for ftx need to take responsibility, even if it includes quitting their job or whatever.
Thank you!!! This is serious insight for the world! It's cool how the cryptoverse is so open and interactive.
This guy lies. He knew very well that the funds in FTX were used by Alameda to short in high risk bets.
Question.. did he get his money off ?? The 750k he referenced... guessing he did..
the most entertaining outcome is the most likely
I had other plans for the weekend but then came this 3h podcast and there go my weekend plans.
factz
Gensler’ ex boss/ good friend is MIT Prof of Econ, who’s also dad of Alameda CEO, Caroline, also SBF’s gf. SBF’s mom is Clinton’s legal advisor, Dem PAC. Gensler was Clinton’s campaign finance mgr. SBF is 2nd biggest donor to Dem. His aunt - member of WEF. A Dem’s operation.
Historical episode. Don't delete
Got to love UP ONLY-- unafraid of silent interludes in production :)
Need time stamps, these videos drag on and on
this podcast is an actual crime scene at this point
homies whole attitude changed once he saw those zeros on his ftx balance lol
57:10 *Argentina* is the answer LOL
This is one heckuva movie. There's some real life drama unfolding and the broadcast hosts explain it well-enough from an industry perspective. Way better than She Said (2022).
All the ftx need to be locked up in jail after been found guilty of fraud . Including this guy on your show . God Bless
This should be a lesson for uponly regarding sponsors. This space was founded on decentralized principles and that really should be taken into consideration when choosing your future sponsors.
Money money money...
Cobie said it was for like 50k for 2022 so yeah this probably covers low levels costs and equipment. You can put down the pickfork
They don’t have a crystal ball. Obviously ppl didn’t see this coming or else they wouldn’t have had their net worth in FTX
So only BTC?
There is no such thing as a "centralized sponsor".
New week up as many FOMO in. But the AMT23X story isn’t over yet. The only strat that works under all circumstances is DCA all the time with solid, large companies (not hyped ones).
Just gold. The NAV of bitcoin has to be a negative number. It's nonsense.
He deposited $700k, thought he has inside information, the impact was only to Alameda and could benefit from it when the tokens go up. Buy low and sell high, it backfires on him.
My heart goes out to all those impacted and all girl's born with horse's teeth. Thx Caroline.
Are tokenised stocks affected if you have the ability to redeem the underlying shares from FTX Switzerland where Canco GmbH is the agents broker
another legendary video title
Would be interesting to find out that in the end the most psychopathic traits are clearly visible in Fried and Ellison. So it would make a lot of sense that she would be behind the hacking, then flee to Dubai and prepare the nest for the rest. Fried would probably try to flee, but as he is clearly too dumb to even steal in a proper manner, will go to prison. The judge will probably apply whatever cool sentence, and our math-crypto-bro will be chatting and working with the math-crypto girl online, without any restrictions. He will come out of prison 5 years later, now even fatter and fly directly to Dubai, where he and Ellison will carry forward with their criminal life style and activities, work probably for some intelligence agencies and die in a very suspicious swimming pool accident (like drowning in a sand dune) by the age of 42 (whoever reaches that age first). Why not, at least it would be more fun than having to admit that two substantial gambling addicted idiots tricked thousands.
A+ take the rest of the semester off
Starts happening around 43:00 and again around 45:25
For Sam to be playing video games during this is an action that tells me 1 thing; He has the security in knowing that he is doing right by somebody, because he is part of a much bigger ploy by big bankers/government/media. Take the red pill and you will see it, they always get a slap on the wrist
Problem, reaction, solution. If "Hammer of Thor" Regulations are the result of this, perhaps the answer to, "who is behind this" is right in front of you. The actors pushed in front of us, notwithstanding. SBF, et al., being the actors but their strings being pulled by aforementioned "State Actor".
Yoo that mugshot lookin real🔥 rn
I think it took a lot of guts for Zane to come on and he should not feel guilty one bit. These things seem bad at the time but we learn and things get better. Money will be made again but we need to move to decentralised systems and stop trusting centralised companies.
What brand is that hat Cobie is wearing?
Are you returning the sponsorship money?
Thanks for publishing show. It’s important and quality content
This dude is 100% setting up an alibi for himself.
Business, business never changes
I don’t wanna set tha world on 🔥… but I do wanna see sum burns😅🥵
Smiling at the weirdest times in the interview, like a child caught with its hand in the coockie jar and saying it can't be an inside job. He seems like he's just part of the scammers.
The audacity of these people is just crazy
I don't think so, only the inner circle of SBF that lived in his house knew what was going on....
@@Carlsfm1 and you know that for sure because...?
What's the latest on the outflows from FTX? Was it a hack after all?
So what do you do if you tried logging in after the hack? What advise is there retroactively
Sam ran down the basement and went through the replacement door jumped over his neighbors yard while being chased by wolves. You know he laced the crypto hole with a model so just in case to drain it hollow."Whatcha want me to do"? beep Carlos! 🤣
this guy's body language is weird af.. way too smiley and smug for someone who lost $750,000 live on air
Poor guy u can see how broken and tired he is.
how much did the employee lose
Part of the issue is the complex web, so even if it was an outside hack, they did not detect it until it was too late, which is a red flag in itself.
Ladies and gentlemen of the jury I want to show you a piece of video we call exhibit a1
FTX employees don't seem to care about the amount of people life's they have ruined.maybe someone will ruin there family's lives.
They should pray none of the people they wronged ever make it
What a clown. Resigns when his clients need him most. Goes on podcast to make excuses and profess ignorance. Then stays on while insiders are draining the exchange wallets. Seriously wtf.
all pawns on the gameboard! Have ya ever watched the Sting????
i never partnered with ftx and never been deposited a dime there but pls don't drink from that ftx can....it's kind feeling annoying ..i don't know why?
At least he has a solid alibi
AMV67T gang in the house! Thanks for the analysis!
The pain is real ....
55:06 Dude there's no hack...guy is stealing money live banking on the fact that no one would think he would do that with this kind of attention on him
I haven’t seen this brought up in here but look who SBF parents are and Caroline’s parents are. There’s more to this story.
DEMOCRATS. MONEY LAUNDERING. ELECTION STEALING.
This hole thing goes way deeper the Sam. There are some bigger people involved. Gary gensler will be found out to involved….. mark my words!!!
After the Etherem ecosystem, AMT23X is the best ecosystem available on the market and most people don't understand this yet, I believe due to lack of marketing. Thank you so much for bringing us this kind of content!
scam
SCAM
Nver herd of it, nver will
Best for what scamboy? Go fail to mug old ladies elsewhere.
The what
What about all of the fictitious shares that is coming out in relation to AMC GameStop and some other ones apparently if you add them all up there’s way too many shares out there that exist I think this thing goes a lot deeper than people are expecting unfortunately
1:49:00 most (if not all) the anonymous org hackers have been caught and either jailed or coerced to work for the state. anonymous org is widely known to have been co-opted by the government, military intelligence, cia, fbi, take your pick
the main hackers of LulzSec were also caught
always great info. thanks for sharing.
Get inspirational sponsors like Polkadot, Cosmos, DAI, Goldfinch, etc.
Great video as always. I notice that you display the AMV67T ! I just got some too!
You should make a content on how to earn 6 figures in monthly profits cos I've been reading about investors making up as much and I'd really love to know how to such substantial profit in this current market
that requires a fair amount of research and good market timing
I recommend to pick up and read a few books. Peter Lynch is where I was recommended to start. Learn different strategies so that you might develop your own
time in the market and your contributions are far more important.. also diversify the hell out of your portfolio (at least 5-7 different asset classes)
@Anna Sophia Hello, how can one get in touch with a broker, any recommendations?
@Anna Sophia Thanks for sharing. I found him on instagram, will connect with him.
Jordan "Half a billion'ish" Fish 1:00:23
Back door built in. Weird how the company did business with the most corrupt country in Europe and then all this happened.
Seven (7) Non-Extradition Countries to Consider
Morroco.
Indonesia.
Hong Kong.
Taiwan.
UAE.
Andorra.
Qatar.
Zane is a real life Bad Luck Brian
8 Figures of Bad Luck
Wait hold up, 15:00. Zane deposited 750k onto FTX knowing the ship was going down??? What kinda moron would do that.. 🤦♂️
watchin the Heist in real time!
Seems really chilled for a man that lost 80% of his net worth🤨
Easy come easy go
He’s still a billionaire
its all by Plan!!!
FTX pro is down as if it did not exist
Very entertaining show! Wow
It was an empathetic call to let Zane jump off, respect
SBF could be the hacker, set up off shore, to trade back his losses and return to customers.
That arc would be terrific.
The trojan horse in crypto called ftx worked
just gonna say it, this was planned well ahead by people above even sam
another wild guess: he is not gonna turn up alive
"People" what kind of people we just can not say.
55:22 Cobie called SBF's 25 year sentence 1 year early
And..onto the next one.
Very interesting chat..... subscribed!!
Zane's timing is interesting (being on Uponly).
Zane body language alone screams me and my team just stole 600mil live on Up only Podcast. What a fucking dork he can't even spend it(Tornado is down).
Great alibi
Why you deleting replies @cobie. You being sus like ftx.
Don't delete the conversation. Which we are saying that your guest looks dodge, body language of and that he probably stole 600mil while on your podcast. What did you not saying anything you just made slight comment before he left the stage.
Grow a backbone and call these people out if you just put him on the spot he would of folded.
Suspect to say the very least. I mean they certainly got their own money out, and were taking bribes from HNW customers to do KYC in the Bahamas and release their funds, and then they declare bankruptcy, followed by a so called ‘hack’. This guy looks neither distressed nor surprised by any of it, frankly, and beings that he handled the HNW individuals that got out fraudulently I would call this an exercise in arse covering to say the very least.
My ACH went through Tuesday, should take 3-5 days to clear, are my funds safe or can they still be reversed or cancelled??
You'll find out in 3-5 days. Let us know.
It’s not even letting me transfer my funds to another wallet or withdraw. 🥴 Please update us in a couple of days ❤
You should have transferred your Crypto into Coinbase, it would have been faster to get out. I did that with BlockFi and I got out just in time, I cashed out from Coinbase and they sent me my cash in seconds.
@@diegog1291 I took my crypto Tuesday and transferred it to my cold wallet. It’s my usd money that I transferred Tuesday morning to my linked bank account through ACH that I am waiting for to clear
@@gtavomaldo1942 that's what I mean, could have converted the cash into Bitcoin and send it to Coinbase and then sell your Bitcoin and cash out through Coinbase instead of waiting to cash out directly through FTX.