Vigilante’s Take on the FTX implosion, with Mr. W [VIDEO]

Have you heard about the implosion of FTX crypto exchange?

Even outside the world of crypto, this event has grabbed the attention of the masses and made history in a way that no one will forget.

Though you may be tired of hearing about this story, the whole truth has not fully surfaced, and the aftermath of this may NOT be over yet.

Within this lays key lessons that must be applied immediately. In this time-sensitive video, I team up with TCV analyst Mr. W to extrapolate and share these lessons to protect yourself from future implosions.

I asked Mr. W for a quick rundown. He says, “FTX is a huge exchange in bed with the regulators and run by some sociopaths that were lending out money to their own ‘hedge fund’ to prevent liquidations. Then, they ended up running away with everybody’s money.”
This is not the first Ponzi Scheme in crypto and certainly will not be the last. While the story is theatrical and interesting, we at The Crypto Vigilante focus on what matters.

I share that, “I personally don’t feel affected by it because I follow what we recommend. I practice what we preach, and I never leave crypto in a KYC/AML exchange.”

This is why we emphasize learning and applying maximum operational security. There are outside influences in crypto that are out of our control. We focus on what we individuals can control.

I elaborate, “This is not a problem with crypto. This is a problem of bankers. The banking establishment has crept into crypto and Wall Street comes into crypto because they see it as a playground for them to bring their antics.”

I asked Mr. W, “Why do people leave crypto on an exchange as opposed to practicing self-custody?” Though some crypto exchanges are influenced by bankers, he shares that many beginners trust that these exchanges share similar regulations as commercial banks. However, we are still early in the wild west of crypto and this could not be further from reality.

He shares, “We were all newbies in crypto at some point. So, we’ve all made mistakes and had to learn the hard way. This is okay. There are some dues to be paid to stay in the space and you’ve got to learn some lessons.”
I encourage you to watch this video now and take action to secure your assets. Enjoy the full video here: