Bitz Who Now? Department of Justice Takes Down Russian Exchange Bitzlato

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 19 January 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today’s episode, NLW catches up on the latest on crypto crime and fall out, including: Disgraced 3AC founders’ attempt to build a new exchange with bankrupt CoinFLEX called GTX. Sam Bankman-Fried’s latest blog post arguing about how FTX.US assets should be considered by the bankruptcy committee. The DoJ’s much anticipated announcement about an “international enforcement action” that turned out to be an exchange most people had ever heard of. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26–28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Wirestock/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.3	The breakdown is produced and distributed by CoinDesk.
0:20.4	What's going on, guys? It is Wednesday, January 18th, and today we are doing an update on the
0:25.5	crypto cleanup. One quick note before we dive in, there are two ways to listen to the breakdown.
0:30.6	You can hear us on the Coin Desk podcast network feed, which comes out every afternoon and
0:34.3	features other great Coin desk shows, or you can listen on the breakdown-only
0:37.6	feed which comes out a little later in the evening. Wherever you listen, I would so appreciate
0:41.6	it if you would take the time to leave a rating or a review. All right, friends, it is Wanker
0:46.1	Wednesday, which of course means I'm catching you up on the latest from the rotten redemption
0:50.4	arcs, whiny deniers, and struggling insolvents that are still sucking so much oxygen
0:54.7	in the crypto space. Hopefully we can keep this mostly to one day this week, although with these
0:59.4	jimokes, you never know. Let's start out with something so brazen it just bugger's belief.
1:04.6	I'm referring, of course, to GTX. GtX is a new exchange that is out seeking to raise
1:09.6	$25 million.
1:15.3	Now, that name might be striking you as a little bit familiar.
1:16.6	TX.
1:19.0	TX, where have I heard that name?
1:24.6	And wait a second, G is, of course, the letter after F, so GTX?
1:27.2	You also might recognize the faces of the company. It's none other than Suzu and
1:29.1	Kyle Davies, the failed hedge funders from Three Arrow's Capital, who last time we discussed them
1:33.7	were hiding out in non-extradition countries getting served subpoenas via Twitter. Yes, the founders
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.