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CoinDesk Podcast Network

COINDESK DAILY: Libra Rugpull Scandal Continues; FTX Creditors Start Receiving Payouts

CoinDesk Podcast Network

CoinDesk

News, Business News, Tech News, Daily News

4.7698 Ratings

🗓️ 19 February 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Host Christine Lee breaks down the latest news in the crypto industry as the LIBRA token scandal continues. CoinDesk’s Christine Lee breaks down the latest news in the crypto industry on “CoinDesk Daily" as the Libra scandal continues. Libra co-creator Hayden Davis bragged in text messages that he bought influence over Argentine president Javier Milei. Plus, creditors of the collapsed cryptocurrency exchange FTX with claims below $50,000 have started receiving their payouts. - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

Libra Rugpole scandal continues.

0:02.0

FtX creditors start receiving payouts and Michael Saylor is buying more Bitcoin.

0:08.0

It's Wednesday, February 19, 2025.

0:11.0

This is a Consensus CoinDust Daily Special from Hong Kong.

0:20.0

Libra co-creator Hayden Davis, CEO of Kelsker Ventures, bragging in text messages that he bought

0:26.8

influence over Argentine President Javier Milley in text messages reviewed by CoinDesk.

0:32.6

Davis saying in December that he could send money to Muley's powerful sister, and he signs whatever I say

0:39.4

and does what I want. The claim adds a new dimension to the anti-corruption investigation

0:44.9

into Miele's promotion of Libra. Creditors of collapsed cryptocurrency exchange FTX with claims

0:51.6

below $50,000 have started receiving their payouts, which include

0:56.0

9% annual interest accrued since November of 2022. They are expected to receive roughly

1:02.0

119% of their adjudicated claim value, totaling over $1 billion. The funds are being distributed

1:10.0

in U.S. dollars through Bitco and Cracken.

1:12.6

And finally, Michael Saylor's strategy, formerly micro strategy, is raising another $2 billion

1:19.6

via zero percent convertible notes. The underwriter Green Shoe is up to an additional $300 million of the paper, according to a news release.

1:31.3

The Bitcoin Treasury Company holds almost 480,000 tokens worth more than $45 billion at current prices.

1:40.3

That's it for CoinDest Daily. Get more updates on CoinDest.com.

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