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Bloomberg Tech

FTX Bankruptcy Hearing and Crypto Contagion

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 22 November 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down what came out of the FTX bankruptcy hearing and Genesis' possible bankruptcy. Plus, Binance's CEO is turning to the Middle East for some cash.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg Live.com slash Green Festival. I'm Caroline High at Bloomberg's world headquarters in New York.

0:46.0

And I'm Ed Lodlow in San Francisco.

0:48.0

This is Bloomberg Technology.

0:50.0

Coming up, FTX's attorney says substantial amounts of its assets have either been stolen or

0:55.1

are missing.

0:56.1

Today's bankruptcy hearing sheds light on FTX groups' current priorities after mishandling

1:00.6

funds.

1:01.8

And crypto contagion worsens

1:03.8

with Genesis warning of possible bankruptcy.

1:06.4

Now, Binance CEO CZ, who's positioning himself

1:10.1

as the savior of crypto,

1:12.2

he's turned to the Middle East for cash for a crypto recovery

1:15.0

fund and Zoom's chief financial officer joins us to explain its slowest

1:20.0

quarterly sales growth on record and plans to navigate the economic headwinds.

1:24.8

But first let's bring it back closer to home.

1:26.8

It's a global story of course because it hits across the world the FTX story and

...

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