Originally aired on October 11, 2023
In this episode of The O Show, Wendy O discusses the ongoing trial of FTX’s Sam Bankman-Fried (SPF) and his involvement in fraud and illegal activities. She also highlights the impact of inflation and high levels of debt on the economy. Wendy emphasizes the importance of grifting ethically and advocates for financial freedom through cryptocurrency. She touches on the need for perspective and critical thinking, while providing non-biased information to her audience. Additionally, Wendy mentions upcoming events and collaborations with other crypto influencers.
What are some important crypto tips?
- Don’t share private keys to protect your assets
- Avoid clicking on suspicious links to prevent phishing attacks
- Be aware of scammers who try to steal your cryptocurrency
FTX DARK AGENDA EXPOSED
What shocking revelations have emerged from the FTX trial?
- Caroline Ellison, SPF’s former girlfriend, testified about his involvement in fraudulent activities
- She claimed SPF instructed her to manipulate balance sheets and engage in illegal practices
- Ellison revealed the extensive borrowing of FTX customer funds by Alameda Research (Alam)
SPF planned to shut down Alam and proposed using another ex-girlfriend’s investment fund
BITFINEX BUYBACK PLAN
What is Bitfinex’s plan for a buyback?
- Bitfinex plans to repurchase 150 million shares, providing compensation to victims of the 2016 hack
- The hack resulted in the loss of approximately 71 million Bitcoin
- Victims can benefit from Bitfinex’s increased valuation and cash out at a valuation of $1.7 billion
US STATE REGULATORS INTERVENE IN COINBASE CASE
What is the latest development in the Coinbase case?
- US state regulators support the Securities and Exchange Commission’s (SEC) case against Coinbase
- Regulators argue that cryptocurrencies are insignificant and should be subject to existing investor
- protection rules
- This filing aims to challenge Coinbase’s argument that it operated as a registered securities exchange
WHOLESALE INFLATION RISES
How is inflation affecting the economy?
- Wholesale inflation increased by 0.5% in September, exceeding expectations
- The rise in inflation primarily came from final demand goods, which surged by 0.9%
- US debt continues to grow at an unsustainable rate, accumulating $1.2 billion per hour for the past 19
ELIZABETH WARREN’S STANCE ON CRYPTO
What is Elizabeth Warren’s stance on cryptocurrency?
- Elizabeth Warren aims to regulate crypto and prevent its growth
- Warren’s proposed legislation could have significant implications for the crypto industry
- Critics argue that her approach stifles innovation and limits financial freedom
00:00 – Intro
06:55 – BTC daily & 12h
11:25 – Caroline Ellison testimony day 1
20:20 – Day 2
26:00 – Plan to shut Alameda down before collapse
30:00 – Where is Sam Trabucco?
31:00 – Hope for Bitfinex victims
32:35 – Coinbase lawsuit update
35:35 – Tornado Cash volumes nosediving
40:55 – Join the DCTA to fight back
41:10 – US PPI data is in
42:20 – Polygon based Realestate token depegs
43:10 – Jim Cramer says Bitcoin is going down big