Is Crypto Toast?
Slate News
Slate Podcasts
4.5 • 6K Ratings
🗓️ 9 June 2023
⏱️ 34 minutes
🧾️ Download transcript
Summary
This week, the SEC sued Binance, the largest crypto exchange in the world, and Coinbase, the largest crypto exchange in the US. Is it a sign that the glory days of crypto are gone?
Guest: Stacy-Marie Ishmael, managing editor for crypto at Bloomberg News
Host: Lizzie O'Leary
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Transcript
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| 0:00.0 | Nautic nature is ever changing and unpredictable. |
| 0:05.1 | Shifting between wind, sun and rain, but one thing is certain, this landscape shares its |
| 0:10.8 | goodness with us all. |
| 0:12.6 | Yard is the delicious plant-based oat drink, made with symbol all natural ingredients, |
| 0:18.5 | and organic oats grown and harvested in Nordic fields. |
| 0:22.4 | Yard, inspired by Nordic nature, find it in the Chilterial Turnitives aisle. |
| 0:30.0 | There's this YouTube video that I've been watching repeatedly over the past few days. |
| 0:42.9 | It's from Binance, the crypto exchange. |
| 0:45.4 | And yeah, that's their music choice. |
| 0:48.2 | The video was recorded back in December, and it features Chong Peng Zhao, Binance's CEO, |
| 0:53.6 | who's better known as CZ, and he's answering questions from people on Twitter. |
| 0:58.7 | And it's like, how do I get a Binance hoodie? |
| 1:01.7 | So yeah, this hoodie is not for sale, it's for community members who are very helpful. |
| 1:06.5 | If you just help out answering questions on Twitter, in telegram groups, and when our teams |
| 1:11.1 | notice you'll get a hoodie, don't have a price, so it's priceless. |
| 1:15.4 | But also, questions like, how would you manage a situation like the FTX collapse? |
| 1:20.8 | Well, first of all, the key is not to get into that situation first. |
| 1:25.3 | It's not just what a crisis happened, what do you do? |
| 1:27.8 | When you move tens of billions of user funds and lost it, that's kind of hard to manage. |
| 1:32.7 | But even when that happens, I think the best thing to do is stop everything, be transparent, |
| 1:38.0 | communicate, be open. |
| 1:39.8 | But more importantly, the trick is not to even go anywhere near that. |
... |
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