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CoinDesk Podcast Network

THE HASH: Celsius CEO, FTX.US President Step Down; FTX Wins Auction for Voyager Digital's Assets

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 27 September 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

The most valuable crypto stories for Tuesday, Sept. 27, 2022.

"The Hash" hosts discuss Alex Mashinsky, the CEO of bankrupt crypto lender Celsius Network, stepping down. A press release detailing his resignation letter notes Mashinsky regrets that his continued role as CEO "has become an increasing distraction." Plus, Voyager Digital announces FTX.US is selected "as the highest and best bidder" for its assets.

See also

Bankrupt Crypto Lender Celsius Network's CEO, Alex Mashinsky, Resigns

FTX Wins Bid to Buy Crypto Lender Voyager Digital's Assets Out of Bankruptcy

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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Transcript

Click on a timestamp to play from that location

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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