The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? - Ep. 428

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 3 December 2022

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. Show topics: highlights of Sam Bankman-Fried's interview with the New York Times whether SBF knew what was going on in his companies, and how that impacts potential prosecution why Genesis and DCG are in financial trouble whether Genesis will file for bankruptcy or go through a restructuring process revelations from BlockFi's bankruptcy filing new info on why FTX bailed out BlockFi last summer what is going on with Binance’s recovery fund how Avi Eisenberg tried to pull off an attack on Aave how the banking industry works and whether Changpeng Zhao is the closest thing to a central bank in crypto how DeFi responds in a crisis, and how it contrasts with CeFi’s recent implosions Hosts Haseeb Qureshi, managing partner at Dragonfly Capital Tarun Chitra, managing partner at Robot Ventures Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Capital Episode Links FTX: Unchained: FTX Bankruptcy Overseer Says Company’s Collapse Is Worst He’s Ever Seen NYT: Sam Bankman-Fried’s interview Bill Ackman’s tweet Interview with Tiffany Fong Previous coverage of Unchained on FTX: Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Is the Collapse of Crypto Lending Over, or Is It Just Starting? Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Sam Bankman-Fried on How to Prevent the Next Terra and 3AC BlockFi: Unchained: Crypto Lender BlockFi Files for Bankruptcy as FTX’s Contagion Effects Continue Decrypt: FTX, Alameda Owe BlockFi More Than $1 Billion: Court Hearing Genesis: Ryan Selkis’ tweet on Genesis Unchained: Genesis Warns of Bankruptcy If Funding Plans Fail: Report On-chain Analysts ID 432 GBTC Addresses After Grayscale Says No to Proof-of-Reserves WSJ: Crypto Lender Genesis Asks Binance and Apollo for Cash Decrypt: Digital Currency Group Says No Imminent Threat Despite Owing Genesis $575M Previous coverage of Unchained on Genesis: Why Genesis Could Very Well Be Insolvent, Not Just Illiquid ‘The Last Big Whale’: Why the Crypto Contagion of 2022 Eventually Hit Genesis DeFi Pancakeswap flipped Uniswap in TVL Unchained: Mango Markets Exploiter Gets Liquidated But Leaves Aave With ‘Excess Debt’ Aave Freezes 17 Low-Liquidity V2 Pools and Votes to Migrate 26 Assets to Ethereum V3 Compound Finance Slashes Borrow Caps for 10 Markets Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Not a dividend. It's a tale of two puns. Now your losses are on someone else's balance.
0:04.8	Generally speaking, air drops are kind of pointless anyways.
0:07.5	Um, I made the trading firms who were very involved.
0:10.5	I like that heat of the ultimate problem.
0:12.8	DeFi protocols are the antidote to this problem.
0:18.0	Hello everybody, welcome to the shopping block. Every couple weeks, the four of us get together
0:21.7	and give the industry inside of perspective on the crypto topics of the day.
0:25.2	So quick intro is first to get Tom, the DeFi maven and master memes.
0:28.8	Next up, we got Robert, the crypto connoisseur and captain of compound.
0:32.1	Then we've got Turun, Gigabrain and Grand Puba at Connet.
0:35.8	And finally, we've got myself, I'm a seed, the head height man, a dragonfly.
0:39.2	But all four of us are early stage investors in crypto, but I want to caveat that nothing
0:42.7	we say here is investment advice, legal advice, or even life advice.
0:47.2	Okay, so for those of you who are not turning in live, we just went live after the end of the
0:52.8	New York Times interview with SPF. I think it's actually, I guess the second interview that he's
0:57.7	done, but certainly the most high profile. And it seems like the most hard hitting.
1:01.6	I'm just going to give a very quick summary of some of the stuff he said, because a lot of it
1:04.6	has kind of been repeats of things he's already been asserting publicly and in his tweets.
1:09.2	So some of the key quotes that I pulled out from the conversation that he had with Aaron Sorkin.
1:13.8	First, he said FTX US and FTX Japan are fully solvent, and he expects that they can pay back
1:18.7	customers. He's surprised, but they haven't already, and he's confused why they were pulled into
1:22.6	the bankruptcy. He was asked at some length about the shibbolits and the game that Westerners play
	...

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