FTX Just collapsed in spectacular fashion. Watch this follow up conversation with the guy who called It.
A bit of backstory. Before the shit hit the fan, on 10/11/22, Cohodes joined McCullough on HedgeyeTV to warn investors about the shady behavior at FTX and specifically the bizarre background of its CEO Sam Bankman-Fried.
"Nothing here fits. Everything reads like it's a complete scam. This thing is dirty and rotten to the core," Cohodes said in that interview.
(**Watch that October 11th interview here.)
Since then, FTX (once among the world's largest cryptocurrency exchanges) has completely collapsed.
- The company filed for bankruptcy on Friday
- Removed Bankman-Fried as CEO and
- It was discovered FTX loaned $10 billion in customer deposits to Bankman-Fried's affiliated trading firm, Alameda Research (a move that set the stage for the exchange's implosion).
- The SEC and Department of Justice have opened investigations into the exchange
In other words: Tune-in and get your popcorn ready.
This is a follow-up webcast with the guy who called BS on FTX before it blew up. (If you haven't already, add this webcast to your calendar.)