THE HASH: Binance CEO's Response to CFTC Lawsuit; What's Behind XRP's Price Surge?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 28 March 2023
⏱️ 24 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Tuesday, March 28, 2023.
"The Hash" tackles today's hot topics: Binance CEO Changpeng “CZ” Zhao responds to the CFTC's lawsuit. Disney dismantles its entire metaverse unit. The hacker behind the $200 million Euler attack suddenly feels remorse and returns millions in funds. Plus, what's behind the price surge for Ripple's XRP token?
See also:
Binance CEO Zhao Calls CFTC Suit an ‘Incomplete Recitation of Facts’
Disney Lays Off Metaverse Team: Report
Hacker Behind $200M Euler Attack Apologizes, Returns Millions in Ether, Dai to Protocol
XRP Surges to Five-Month High as Some Point to Bitcoin Commodities Mention
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This episode has been edited by Jonas Huck. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Transcript
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| 0:00.0 | This is the hash podcast. Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more. |
| 0:15.6 | All on the hash for your ears. You're listening to the Coin Desk Podcast Network. |
| 0:23.3 | Hello, happy afternoon. |
| 0:24.8 | Welcome to CoinDest TV. |
| 0:25.9 | You are watching The Hash. |
| 0:27.6 | Today I'm joined by Wendy O from the O Show and David Z Morris, |
| 0:30.6 | the chief insights columnist here at CoinDesk. |
| 0:33.6 | We got four stories coming up for you. |
| 0:35.4 | Catch you up on all that's happening in crypto and culture. |
| 0:37.9 | Dave, let's start off with you. Got some new back and forth in the CZ versus CFC case. |
| 0:42.8 | Yes. So listeners yesterday heard the hash team discuss this major new lawsuit against |
| 0:48.5 | finance by the CFTC, claiming a wide variety of things. We got a response from Binance under CZ's byline today. |
| 0:56.4 | Right off the bat, I will say it is not a very convincing rebuttal of the CFTC's claims. |
| 1:01.7 | And the pull quote that we put in our headline here kind of sums it up, where he says that |
| 1:06.4 | it is an incomplete listing of facts, which when the facts are the various evasions that you've done |
| 1:12.4 | against the law, and you're saying they didn't get all of them, not necessarily a great way |
| 1:16.5 | to put your rebuttal. And there are a few other nuances here where finance does something |
| 1:21.1 | that it has done before, trying to slightly misdirect, in my opinion, rather than rebut. |
| 1:26.6 | And so, you know, not inspiring confidence on that front. |
| 1:29.3 | We did also have the head of the CFTC appearing on CNBC this morning saying basically what |
| 1:35.3 | they had said in their press release yesterday, that there was clear evidence of attempts to evade |
| 1:40.8 | criminal controls and having read parts of the 50 plus page suit, that certainly seems |
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