Kevin O’Leary Sparks Backlash [ Crypto Espresso 12.15.22 ]

It's Thursday which means we look at an Obscure holiday to celebrate and today It doesn't even matter anyway does Anything matter just gonna listen to Some My Chemical Romance and Ponder the Futility of existence But that's because it's National emo day It's also crypto espresso your teeny Tiny daily shot of caffeinated crypto Headlines I'm your host Andrew and I'll Take my crypto espresso black like the Depths of my soul first up Bitcoin Managed to break 18 000 on Wednesday for The first time since ftx's collapse but It didn't last long prices fell as the Federal Reserve increased interest rates By another half of a percentage point Which are now at their highest levels Since 2007. on the past four occasions The FED had increased interest rates by Three quarters of a percentage point and All of this indicates the central bank Is slowing down as inflation cools but Federal chairman Jerome Powell has Warned that more rate hikes are on the Horizon and interest rates could remain Elevated for quite some time to come Bitcoins trading at 17 500 as of the Time of recording Shark Tank star Kevin O'Leary has caused up backlash after Claiming that binance deliberately Caused the collapse of FTX at Yesterday's Senate Banking Committee O'Leary was paid 15 million dollars to

Serve as ftx's spokesperson and ended up Losing all of it after purchasing crypto Through the exchange his statement fails To take into account how billions of Dollars in customer funds were Misappropriated by FTX and transferred To Sister crypto hedge fund alamator Research binance's CEO Chang Peng Zao Addressed these allegations by Retweeting an old thread that slammed O'Leary for making baseless attacks and Friendly reminder binance is the parent Company of coin market cap a senior Executive within FTX tipped off the Bahamian authorities about customer Funds being used to cover losses at Elevator research Ryan Salam the Chairman of FTX digital sent information To the Securities Commission of the Bahamas two days before the doomed Exchange filed for bankruptcy he had Warned that the transfers to Alameda May Constitute misappropriation theft fraud Or some other crime Salam went on to Claim that same bankman freed as well as Director of engineering nishad Singh and FTX co-founder Gary Wang were the only People with authorization to make such Transfers since its shock bankruptcy the Mingling and intertangling of funds Between FTX and Alameda research has Become painfully clear and finally fresh From charging sandbankment freed the Southern district of New York has now

Set its sights on Prosecuting nine People who were allegedly involved with Operating two crypto Ponzi schemes the Projects in question were known as Icom Tech and four count and later as weltsis They claimed to be mining and trading Companies and allegedly deceived victims By promising daily returns and Guaranteeing that any investment would Double in six months cut no red flags There I'm sure but it's now claimed that Neither company actually engaged in this Activity and funds were used to pay Other victims further promote the Schemes and enrich the founders Prosecutors claim lavish events were Held to entice new customers oh it's That easy well I guess I'll just have to Hold a lavish event to get people to Like this video subscribe to our YouTube Channel and click on that little bell Icon to get buzzed whenever a new crypto Espresso video goes live on yesterday's Video Alfonso pyra said I like your Voice now nah good those expensive cord Implants are finally paying off if you Remember 12 months ago I sounded like This ah welcome to kryptos press on your Teeny tiny family shot of Captain and Crypto headline yeah all right let's Never talk about that again but let us Talk about leaving comments because I Read them and I shout out my favorites In the next episode as seen here

Questions about our headlines or crypto In general why not ask Alex in that Description below Alex is a great Resource for all things web 3 and the Metaverse end that about does it for Today's video again I've been your host Andrew these have been your headlines And we'll see all of your beautiful Shining faces tomorrow

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