Jake Thacker
๐ค SpeakerAppearances Over Time
Podcast Appearances
Myself and I think others were thinking that's probably what's happening here is that they have over leveraged themselves. They need to dial it back. They need to sell off some of whatever they were messing around with in order to have the liquidity pool be exactly right for the amount of volume that was being traded on the platform.
And it did freeze, but forever.
And it did freeze, but forever.
And it did freeze, but forever.
I primarily used a tool called Bitsgap and there's a community there that I had been involved with and they were kind of like ex-day traders and more kind of hobbyists than anything else. No one was like serious, serious, this is our job, this is what we do on a day-to-day basis for our well-being and our paychecks.
I primarily used a tool called Bitsgap and there's a community there that I had been involved with and they were kind of like ex-day traders and more kind of hobbyists than anything else. No one was like serious, serious, this is our job, this is what we do on a day-to-day basis for our well-being and our paychecks.
I primarily used a tool called Bitsgap and there's a community there that I had been involved with and they were kind of like ex-day traders and more kind of hobbyists than anything else. No one was like serious, serious, this is our job, this is what we do on a day-to-day basis for our well-being and our paychecks.
But they were all very smart and had been in traditional markets for many, many, many years. And
But they were all very smart and had been in traditional markets for many, many, many years. And
But they were all very smart and had been in traditional markets for many, many, many years. And
i probably was more the anomaly there's probably four or five others out of a group of a few thousand that actually had jumped into ftx and just decided to toy around with it so i immediately obviously got on the forum the message board with them and said hey are you guys having issues yes we're having issues and then that spiraled to texting other people just that i knew that traded crypto are you using ftx are you able to get access
i probably was more the anomaly there's probably four or five others out of a group of a few thousand that actually had jumped into ftx and just decided to toy around with it so i immediately obviously got on the forum the message board with them and said hey are you guys having issues yes we're having issues and then that spiraled to texting other people just that i knew that traded crypto are you using ftx are you able to get access
i probably was more the anomaly there's probably four or five others out of a group of a few thousand that actually had jumped into ftx and just decided to toy around with it so i immediately obviously got on the forum the message board with them and said hey are you guys having issues yes we're having issues and then that spiraled to texting other people just that i knew that traded crypto are you using ftx are you able to get access
But in reality, I didn't have a strong network of people that were FTX experts or were predominantly using it as their primary exchange. And so I myself was left with a lot of question marks and trying to keep up with all the news that was going back and forth. It was this one day, it was that one day. Then there was the bankruptcy. The website went up, the Kroll bankruptcy website went up and
But in reality, I didn't have a strong network of people that were FTX experts or were predominantly using it as their primary exchange. And so I myself was left with a lot of question marks and trying to keep up with all the news that was going back and forth. It was this one day, it was that one day. Then there was the bankruptcy. The website went up, the Kroll bankruptcy website went up and
But in reality, I didn't have a strong network of people that were FTX experts or were predominantly using it as their primary exchange. And so I myself was left with a lot of question marks and trying to keep up with all the news that was going back and forth. It was this one day, it was that one day. Then there was the bankruptcy. The website went up, the Kroll bankruptcy website went up and
Figuratively checking that out and filing a claim and it was total chaos. And then the interviews started to roll in and, you know, the story kind of evolved because what I knew, I knew in that first NPR interview was it had been two weeks and so much happened in the timeframe of the initial platform release.
Figuratively checking that out and filing a claim and it was total chaos. And then the interviews started to roll in and, you know, the story kind of evolved because what I knew, I knew in that first NPR interview was it had been two weeks and so much happened in the timeframe of the initial platform release.
Figuratively checking that out and filing a claim and it was total chaos. And then the interviews started to roll in and, you know, the story kind of evolved because what I knew, I knew in that first NPR interview was it had been two weeks and so much happened in the timeframe of the initial platform release.
And then the next day, bankruptcy filing to then a month later or even into January of 2024, where people really started to get the landscape of how serious this was and that there was no money, that it wasn't hidden. It wasn't mismanaged to the point where they had siphoned it off into all these other things and we just had to go to these other things. It was up in smoke. It just evaporated. And