The Chopping Block: Was FTX a Scam From the Very Beginning? - Ep. 433

Unchained

Laura Shin

News, Business News, Tech News

4.6 • 1.3K Ratings

🗓️ 17 December 2022

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Robert Leshner, and Tarun Chitra were joined by Laura Shin to chop it up about the latest news. Show topics: the details of the SEC and CFTC complaints how crypto traders have always speculated about Alameda's preferential treatment whether many people knew about the mismanagement of funds and alleged fraud why Haseeb thinks SBF was a "f*cking psycho" how helpful Tarun believes a testimony from Sam Trabucco, former co-CEO of Alameda, would be why Alameda and FTX lost billions of dollars, and the poor diligence of SBF's venture investments Sam's "ineffective altruism" why a bull market wouldn't have solved the insolvency problems of FTX whether SBF will fight extradition and how long it would take how Sam's consistent use of Facebook and his anti-Maker stand shows he was not a crypto-native why Laura thinks that The Block CEO's undisclosed loans represent a "total betrayal" Robert's take on the ineffectiveness of the government's control of information why Binance is under scrutiny and whether it's the "next FTX" Hosts Haseeb Qureshi, managing partner at Dragonfly Capital Tarun Chitra, managing partner at Robot Ventures Robert Leshner, founder of Compound Guest: Laura Shin, author, host of Unchained Episode Links FTX: Unchained:CFTC and SEC File Damning Complaints Against Sam Bankman-Fried and FTX SBF Denied Bail in The Bahamas, Will Remain in Fox Hill Prison Former FTX CEO Sam Bankman-Fried Arrested Amid US Indictment Bahamas Asked SBF to Mint Hundreds of Millions of Dollars’ Worth of New Tokens After Collapse, Say FTX Liquidators SBF Directed $8B Alameda Liabilities to an FTX Account He Called ‘Weird Korean,’ Says CFTC Forbes: Despite Boasting Of Big Profits, FTX And Alameda Lost $3.7 Billion Before 2022 Bloomberg: FTX Bankruptcy Standoff Heats Up as Bahamas Challenges US Case Sam Bankman-Fried’s Harsh Bahamas Jail Could Shift His Stance on Extradition Fortune: Sam Bankman-Fried indicted on multiple conspiracy and fraud charges by U.S. officials Previous coverage of Unchained on Sam Bankman-Fried and FTX:How Much Prison Time Is FTX’s Sam Bankman-Fried Facing? Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? 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 Binance: Unchained: Binance Passes Withdrawal ‘Stress Test’ After $3B in Daily Outflows Forbes: Kevin O’Leary Points Finger At Binance For FTX Crash In Senate Testimony The Block Unchained: The Block CEO Steps Down After Revealing He Was Secretly Funded By SBF 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 pawns.
0:02.4	Now, your losses are on someone else's balance.
0:05.2	Generally speaking, air drops are kind of pointless anyways.
0:08.0	I mean, trading firms who are very involved.
0:10.7	I like that heat of the ultimate problem.
0:12.8	DeFi protocols are the antidote to this problem.
0:16.8	All right, hello everybody.
0:18.0	Welcome to the chopping block.
0:19.3	Every couple weeks, the four of us get together
0:21.0	and give the industry insider's perspective
0:22.6	on the crypto topics of the day.
0:24.6	The quick intros, first up, we've got Robert,
0:26.4	the crypto connoisseur, and Captain Compound.
0:28.8	Next we have Taroon, the Gigabrain, and Grand Puba at Gauntlet.
0:32.1	Joining us today, we've got Laura, the CEO of the show,
0:34.8	and you've got myself a SEB.
0:36.3	I'm the head hype man, a dragonfly.
0:37.9	The four of us, well, Laura, we're early stage investors
0:40.5	in crypto, but I want to caveat that nothing we say here
0:42.7	is investment advice, legal advice, or even life advice.
0:46.4	Okay, so the FTX story is the gift that keeps giving.
0:50.0	Unfortunately, we cannot stop talking about it.
	...

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