THE BREAKDOWN: The Crypto Reckoning Continues

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 6 January 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

A lawsuit is filed against Celsius, Silvergate drops 46%, and Huobi and Genesis layoff employees. NLW profiles another brutal week in the crypto computation and cleanup following the disasters of 2022. He examines: Celsius ex-CEO Alex Mashinsky sued by NYAG 3AC subpoenaed via Twitter Silvergate laying off 40% Genesis laying off 30% And more Disclaimer: DCG is the parent company of CoinDesk. - “The Breakdown” is written, produced by, and features Nathaniel Whittemore aka NLW, with today’s editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Image credit: CSA Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. 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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0:43.9	Wondery UK. That's audible.com slash Wondery UK.
0:53.8	Welcome back to The Breakdown with me, NLW.
0:59.0	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:05.0	The breakdown is produced and distributed by CoinDess.
1:10.1	What's going on, guys?
1:11.3	It is Friday, January 6th, and Boy, boy, is the crypto reckoning continuing.
1:17.5	We are going to talk all about that today.
1:19.6	But before we do, if you are enjoying the breakdown, I would so appreciate it if you would
1:23.2	take the time to go subscribe to it, leave it a rating, leave it a review, or if you want to dig deeper
1:28.2	into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to
1:33.0	bit.ly slash breakdown pod. All right, friends, happy Friday. It's only the first week of the year,
1:38.5	and we clearly already need a Friday. Yesterday, Delphi lawyer Gabriel Shapiro wrote,
1:43.3	We're looking at an almost total legal and financial wipeout of the crypto kingpins,
	...

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