The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? - Ep. 418

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 9 November 2022

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi and Tom Schmidt were joined by Nic Carter, reformed Bitcoin Maxi, and Laura Shin, CEO of the show, to chop it up about Binance’s buyout of FTX. Show topics: Haseeb's tl;dr of Binance's possible acquisition of FTX whether Alameda is the new Three Arrows Capital the implications of FTX's collapse for regulators and lawmakers what will happen to all the companies that lent money to Alameda Sam Bankman-Fried's emergency effort to raise billions of dollars whether there could be criminal charges against FTX why FTX was not as profitable as other derivative exchanges what the probabilities are of Binance actually buying FTX whether the enterprise value of FTX is negative Tom's concerns about the concentration in the industry how FTX's implosion will impact crypto venture capital firms whether Solana can survive without SBF's support how the lack of transparency kicked off this situation and how blockchains help solve this issue Hosts Haseeb Qureshi, managing partner at Dragonfly Capital Tom Schmidt, general partner at Dragonfly Capital Guests Nic Carter, reformed Bitcoin Maxi Nic’s proof of reserves Laura Shin, author, host of Unchained Episode Links Previous coverage of Unchained:Sam Bankman-Fried on How to Prevent the Next Terra and 3AC Acquisition of FTX CZ’s announcement SBF’s announcement Binance’s merkle-tree proof-of-reserves Unchained coverage: Binance Set to Buy FTX Amid Liquidity Crisis SBF’s Net Worth Plummets 94% In One Day: Report There are Rumors that Alameda Went Down With 3AC in Q2 Alameda Owes More Than $30M in DeFi Debt Coinbase and Genesis Declare No Exposure to Collapsing FTX Binance Might Have Triggered a Liquidity Crisis as FTX’s Main Wallet Lost 290K ETH in Two Days Binance to Liquidate Millions Worth of its FTX’s Token Holdings FTX’s Stablecoin Reserves Hit One-Year Low Alameda’s Balance Sheet Sparks Controversy Crypto regulation Industry Leaders Debate How to Regulate DeFi Bankless debate between SBF and Erik Voorhees Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Not as dividend as a tale of two pun.
0:02.4	Now your losses are on someone else's balance.
0:05.2	Generally speaking, air drops are kind of pointless anyways.
0:07.8	I'm just trading firms who are very involved.
0:10.6	I like that heat of the ultimate problem.
0:12.8	DeFi protocols are the antidote to this problem.
0:18.2	Hello, everybody.
0:19.0	Welcome to a special episode of the chopping block.
0:22.2	There are a couple of weeks we get together
0:23.8	and give the industry inside of perspective
0:25.4	on the crypto topics of the day.
0:27.4	Today is a very special day.
0:29.0	It's a little bit of a harrowing day.
0:30.7	And so we wanted to get together
0:32.3	given all the dramas and going on in the crypto industry
0:35.0	and share our perspective on what's happening.
0:37.2	So let me first start with intros.
0:39.2	First here, we have Tom, the DeFi Maven and Master of Memes.
0:42.7	Then we've got Laura, who's the CEO of the show.
0:45.3	Joining us today is special guest.
0:46.5	We've got Nick Carter, the illustrious,
0:48.5	reformed Bitcoin Maxi and then there's myself.
	...

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