CZ and SBF: Spilling the Alphabet Soup of a Crypto Catastrophe 11/17/22
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 17 November 2022
⏱️ 39 minutes
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| 0:00.0 | Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod. |
| 0:07.0 | In Alphabet Soup, brought to you by the letters FTX, SBF, and CZ. |
| 0:14.3 | I'm just shocked. |
| 0:15.2 | Shaopeng-Jao, CZ, runs the world's largest |
| 0:18.4 | cryptocurrency exchange, Binance, and he walked away |
| 0:21.5 | from the role of Savior when rival FTX collapsed. |
| 0:24.8 | I got a call from Sam 24 48 hours after I made a tweet and he wanted to talk. |
| 0:30.4 | CZ slams the behavior of Sam Bankman Freed |
| 0:34.0 | S-B-F during the dramatic downfall of a crypto darling. |
| 0:38.0 | It was pretty clear, pretty soon that |
| 0:40.0 | that's misappropriation of user funds. |
| 0:42.0 | User funds are gone. |
| 0:43.5 | FTX was at one time worth $32 billion. |
| 0:47.8 | Now, bankrupt. |
| 0:49.3 | Can you fathom that he lied to you like this |
| 0:51.4 | if that's the case? |
| 0:52.3 | I obviously did not know him until about a week or so ago. |
| 0:55.0 | Everyone's on the crypto story, but only we have THE crypto story from a player at the center of the saga. |
| 1:01.0 | This incident was set us back a bit, |
| 1:04.1 | but then the industry will become healthier. |
| 1:05.8 | So it's actually better in the long run. |
| 1:07.2 | It's just surprising that so many people at those levels |
... |
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