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Unchained

The Chopping Block: SBF on a Crazy Week of Bitfinex, Wormhole and ENS Drama - Ep.318

Unchained

Laura Shin

Tech News, Business News, News

4.61.3K Ratings

🗓️ 9 February 2022

⏱️ 57 minutes

🧾️ Download transcript

Summary

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. On this week’s episode, Sam Bankman-Friend (SBF), CEO and founder of FTX, also dropped by. Show topics: Robert and SBF’s takeaways from previous experiences speaking to regulators what happened during the Wormhole hack and why building decentralized systems is difficult  whether AssangeDAO is a good use of money and how it showcases the power of DAOs + NFTs why GameStop dumping IMX tokens might have been Immutable X’s fault ENS drama, cancel culture, and whether or not the guys would have fired Brantly Millegan if it had been their company making the decision how the US was able to recover funds from the Bitfinex hack (and how Tarun knows one of the individuals arrested for allegedly using the stolen BTC via money laundering) Shape rotators versus wordcels: what is the meme, how does SBF identify, and Arthur Hayes?    Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Tarun Chitra, managing partner at Robot Ventures https://twitter.com/tarunchitra  Robert Leshner, founder of Compound  https://twitter.com/rleshner  Guest Sam Bankman-Fried, CEO and founder of FTX https://twitter.com/SBF_Alameda   Links Wormhole hack https://www.theverge.com/2022/2/3/22916111/wormhole-hack-github-error-325-million-theft-ethereum-solana AssangeDAO raises ~$41M on Juicebox, larger than ConstitutionDAO https://juicebox.money/#/p/assangedao ENS drama https://www.coindesk.com/markets/2022/02/07/ethereum-name-service-removes-brantly-millegan-as-steward-over-2016-tweet/ https://unchainedpodcast.com/this-big-4-firm-added-btc-and-eth-to-its-balance-sheet/  Gamestop and ImmutableX https://twitter.com/polarply/status/1489572631649083394 https://unchainedpodcast.com/another-gamestop-pump-and-dump/  Bitfinex Hack https://www.reuters.com/technology/us-arrests-couple-allegedly-laundering-45-bln-crypto-tied-bitfinex-hack-2022-02-08/ https://twitter.com/tarunchitra/status/1491104365683552256?s=20&t=7KkfnSsGjDz-MxJjYWBB6A  https://www.youtube.com/watch?v=JmahJCWJ8iM&t=1s  https://www.coindesk.com/policy/2022/02/08/us-officials-seize-bitcoin-from-2016-bitfinex-hack/  Wordcels vs. Shape Rotators https://twitter.com/VitalikButerin/status/1489998900438077441  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello everybody, and welcome to the shopping block. Every couple weeks, the four of us

0:06.1

get together and give industry insiders perspective on the crypto topics of the day.

0:10.5

So very quick intros. First, we got Tom, the DeFi Maven and Master of Memes. Next up,

0:15.6

there's Robert, the crypto connoisseur, and captain of compound. Next, we have Taroon,

0:19.6

Gigabrain, and Grand Puba at Gauntlet. And myself, Haseeb, I'm the chief hype man at Dragonfly.

0:24.5

And today, we have joining us, a special guest, the Baron of the Bahamas, Sam Beggburn

0:28.7

Freed, otherwise known as SPF. So the, I usually say the four of us, but the original

0:34.5

four of us are early stage investors in crypto. And then we've got a amazing founder

0:37.7

who's joining us today. But I want to caveat that nothing we say here is investment

0:41.0

advice or legal advice or even life advice. So with that out of the way, Sam, how are

0:45.5

you doing? I know that you've had some textuals getting on board. How does life, you know,

0:51.5

it's been pretty good. It's been busy as always. I'm in DC right now for the second time

0:56.4

this month. And testifying in about 16 hours. That's exciting. How many of those hours will

1:05.2

you be sleeping? I'm guessing five or something like that. Okay. That sounds, so the rumors

1:12.6

are true. Yeah. We'll see. We'll tell me again, but any, any lessons learned from last

1:18.2

go around that you were testifying? Yeah. I mean, I think to some extent, the lesson was

1:24.6

it was sort of what it seemed like. I don't know. I think that the biggest surprising thing

1:30.1

honestly was how constructive it was. I was honestly expecting a bit of a shitho.

1:35.5

I was expecting a lot of partisan bickering. And there just wasn't. It was almost everyone

1:43.0

had a constructive attitude across both aisles. That was legitimately surprising.

1:49.2

And then beyond that, I think everyone has their own questions that they're most interested in

1:54.7

in the house. But it was fun. Robert, you spend a good amount of time talking to legislators

...

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