Another Friday Another Hack

PLUS market collapse just around the corner?

Author

Rohit Tangri
October 08, 2022

You can read this newsletter faster than you can chug pint of beer...in 30 seconds

Top Crypto Exchange ‘Binance’ drained of $100 Million through just another ‘Hack’

Binance saying "Watch this"

I think we have a real ass ‘hackathon’ going on here… Total of $1.2B stolen since January 2022.

Lehman style crash ‘2.0’: Is it 2008 again?

Market Crash

Credit Suisse, Switzerland's second largest bank with $900 Billion leveraged exposure, almost collapsed. It’d have taken down the whole market with it just like Lehman Brothers in 2008 crash.

Panic’s 'tickling' many spines because Credit Suisse and Deutsche Bank, who’s also in red, have more than 4X in combined assets under management than Lehman Brothers during 2008 crash. Hence indicating a 4X bigger crash than in 2008.

DRUCKENMILLER - A Billionaire (NW of ~$6.4b) expecting a recession in 2023

Why? Because he says…

  • Low overall trust in banks around the world

  • Credit Suisse, Deutsche Bank, The Bank of England turmoiling

  • Low trust in government and banks post-covid

  • USD, YEN, EURO, GOLD, POUND, YUAN  All in the Negatives

  • except BTC, which is well into the positive

See y'all next week.

Rohit

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