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Hi everyone, welcome to the Real Vision Daily Briefing and they are seen for Real Vision

speaking and we are live Tuesday 8th of November. We have a lot of action to unpack today,

not least in the Bleeding Crypto Space, which is why I have my colleague Ash Bennington

with me first of all. Good to see you, Ash. Thanks, Andreas. It's great to be here. Sorry

it had to be under such circumstances. Bad circumstances, obviously. Given the turbulence

around FTX in crypto space, we are going to ask today whether this is the first monkey

JPEG in the coal mine. I promise to get back to that exact reference later, but before

we get to that, I want to welcome Jared Dillion as well, Jared. How are you?

Good. Thanks for having me. Ash, let's begin with you. A sudden liquidity crunch at the FTX

crypto exchange. Binance, apparently stepping into underpin FTX with a pending DD before

a takeover. Please take us through what happened earlier, Ash, and how you perceive the events

as they unfolded. That's exactly right, Andreas. I mean, the first thing to say is it's just

been an extraordinary day in the crypto space. This story goes back about a month when Bloomberg

wrote a story about the interrelationship between FTX, obviously, Sandbackman, Fried's Exchange

and Alameda, Sandbackman, Fried's trading company, Crypto Quant Shop, Crypto Prop Shop for

a lack of a better term. Obviously, Samoans, very large percentages of both the exact numbers

...