THE HASH: Celsius CEO, FTX.US President Step Down; FTX Wins Auction for Voyager Digital's Assets
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 27 September 2022
⏱️ 25 minutes
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Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:10.3 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more, |
| 0:15.2 | with stories that matter to the crypto world, all on the hash for your ears. |
| 0:21.1 | You're listening to the Coin Desk Podcast Network. |
| 0:25.6 | Hey there. Welcome to CoinDest TV. We got the hash going up on a Tuesday. I'm Zach |
| 0:31.2 | Seward. We got Jensenassie, Will Foxley. Shout out to the great music of Toronto. Lots |
| 0:36.7 | going on today. It's a Tuesday. Busy day in the news. Today, |
| 0:40.5 | let's get going. All right. We're going to talk about FTX briefly here and then a little bit later. |
| 0:45.9 | FTX scooped up all of Voyager Digital's assets. Voyager Digital, the crypto lending platform, filed for bankruptcy in July. |
| 0:54.2 | Sam Bankman-Fried, FTX chief chief swooped in, made a bid, and ended up acquiring that stuff. |
| 1:00.6 | Interesting move, consolidation following the great de-leveraging, and FTCS gets a little bit bigger |
| 1:06.5 | with some potentially savvy business moves. |
| 1:10.5 | All right, Will, I'm going to throw us to you. |
| 1:12.0 | What do you think my SBF and FTX buying up the remains of Voyager Digital? |
| 1:16.2 | It's pretty interesting, and I like the pairing here because it was actually |
| 1:18.8 | Binance versus FTX to get all these assets, right? |
| 1:21.9 | So we have a nice little exchange board between Binance, the heavyweight and FTX, the |
| 1:27.0 | new kid on the block, which has |
| 1:28.6 | really established itself over the last two years, buying up $1.4 billion worth of assets during |
| 1:35.0 | this Chapter 11 fiasco for Voyager. Voyager seemingly out of the woods now doesn't really exist |
| 1:41.1 | as a company anymore. All the assets are gone. The question now is for |
| 1:44.5 | clients and customers of Voyager, what are they going to do? And are they going to get some of these |
... |
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