Friday Night Theft At FTX – Slope of Hope with Tim Knight

FTX Wallets Just Got Emptied

Whoever was emptying the wallets at the bankrupt crypto exchange was taking everything.

https://twitter.com/0xfoobar/status/1591261998137819137?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591261998137819137%7Ctwgr%5Eb83607e7cfc8343c30724d89e2c398600ebde0e7%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fblog.portfolioarmor.com%2F2022%2F11%2F12%2Ffriday-night-theft-at-ftx%2F

https://twitter.com/0xfoobar/status/1591265300682792960?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591265300682792960%7Ctwgr%5Eedf645058ad33ab473f608992963cdf5ff2f2a00%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2022-11-12%2Ffriday-night-theft-ftx

https://twitter.com/0xfoobar/status/1591268673016287237?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591268673016287237%7Ctwgr%5Eedf645058ad33ab473f608992963cdf5ff2f2a00%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2022-11-12%2Ffriday-night-theft-ftx

https://twitter.com/0xfoobar/status/1591276602335404040?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591276602335404040%7Ctwgr%5Eb83607e7cfc8343c30724d89e2c398600ebde0e7%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fblog.portfolioarmor.com%2F2022%2F11%2F12%2Ffriday-night-theft-at-ftx%2F

FTX’s general counsel Ryne Miller didn’t know why the money was moving…

https://twitter.com/0xfoobar/status/1591283567426154496?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591283567426154496%7Ctwgr%5Eb83607e7cfc8343c30724d89e2c398600ebde0e7%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fblog.portfolioarmor.com%2F2022%2F11%2F12%2Ffriday-night-theft-at-ftx%2F

https://twitter.com/0xfoobar/status/1591294791253258240?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591294791253258240%7Ctwgr%5Eedf645058ad33ab473f608992963cdf5ff2f2a00%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2022-11-12%2Ffriday-night-theft-ftx

https://twitter.com/0xfoobar/status/1591298450649673728?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591298450649673728%7Ctwgr%5Eedf645058ad33ab473f608992963cdf5ff2f2a00%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2022-11-12%2Ffriday-night-theft-ftx

And FTX founder Sam Bankman-Fried claimed to not know the fund were moving at all…

https://twitter.com/0xfoobar/status/1591304930920235008?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591304930920235008%7Ctwgr%5Eedf645058ad33ab473f608992963cdf5ff2f2a00%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2022-11-12%2Ffriday-night-theft-ftx

Why This Might Be An Inside Job

Some of the wallets are labeled "fucksbf" and "fuckftxandsbf.eth" — this could be a reverse optics to appear as if it is a hack. Anything is possible. pic.twitter.com/b9Qa9Cw3dH
— Autism Capital 🧩 (@AutismCapital) November 12, 2022

A possible scenario shared with ushttps://t.co/UsGHa3eTrs
— Autism Capital 🧩 (@AutismCapital) November 12, 2022

Statement from Ryne Miller (FTX General Counsel)
h/t @mattdorta https://t.co/j1mn3ITg62
— Autism Capital 🧩 (@AutismCapital) November 12, 2022

Could this be the getaway plane?

Private jet flying out of the Bahamas with unknown destination pic.twitter.com/w2KvvPbMJR
— Parsa🌉 (@Parsa2400) November 12, 2022

Time will tell.

As it turns out, both of Sam Bankman-Fried’s parents are law professors. Knowing good lawyers may come in handy for him.

How'd he elevate to such a position so quickly? Let's look at his parents

His dad has written about & made a career off of getting rid of the "cash economy" and helping the govt find tax evasion (odd that his son his the biggest name in crypto)

His mom is a major dem operative pic.twitter.com/fecThs94zx
— GENCO (@gencostocks) November 11, 2022

In any case, this seems like terrible news for the whole crypto complex. In my previous post (“Fading The Post-CPI Rally“), I mentioned buying puts on the bitcoin miner Riot Blockchain, Inc. (RIOT). I wouldn’t want to be long any name associated with crypto on Monday.