This episode of The HASH is sponsored by Minima.global and Circle.

This is the HASH podcast. Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter

to the crypto world, all on the hash for your ears. You're listening to the Coin Desk Podcast Network.

Welcome and thank you for listening to us on the Coin Desk Podcast Network and watching us on

Coin Desk TV. I'm Jen Sanassi. I've been given my voice back by the magical internet gods.

Zach Seward is up there in the corner. We got Wendy O. and Will Foxley here with us.

Today, Zach, you are kicking us off with a story that had a recent sharp turn of

events. It did indeed. We don't know what to believe now. But according to report in Bloomberg,

finance CEO, CZ is out here in Abu Dhabi asking for funds for his crypto recovery effort,

an attempt to backstop some of the projects that are rapidly

melting down in the wake of FTX's implosion. Now, CZ took to Twitter and replied in the

mentions on one of the accounts that tweeted this story, that that was, quote, false. So we don't

know what to make here. This is according to sources, speaking to Bloomberg about

what Binance and some key lieutenants were doing in the Middle East. It seems to be a matter

of whether they were asking for funds or discussing global regulatory concerns, as is mentioned

in the Bloomberg piece itself. So a little bit of interesting stuff here, a little bit of this,

a little bit of that. We don't little bit of this, a little bit of

that. We don't quite know if this is all the way baked, but really what it speaks to is the fact

that CZ appears to be stepping up his role as the backstop of the FTX Cryptocontagion.

Interesting to watch and interesting to see if they ultimately raise additional funds for this

effort i don't know will what do you think this uh definitely caused a stir out there on crypto

twitter this morning some spicy takes being thrown back and forth about z potentially getting some more

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