THE HASH: FTX Bankruptcy Judge Not Swayed by Letter from US Senators; Gala Games' Native Token Tumbles
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 11 January 2023
⏱️ 23 minutes
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Summary
Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:09.9 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more, |
| 0:14.9 | with stories that matter to the crypto world, all on the hash for your ears. |
| 0:20.7 | You're listening to the Coin Desk podcast network. |
| 0:25.9 | Hey there, happy Wednesday and welcome to the hash here on CoinBest TV. Thanks for being here. |
| 0:32.6 | We are here to get you up to speed on what's going on in the world of crypto news because there's |
| 0:37.3 | always a lot going on. the world of crypto news, because there's always a lot |
| 0:38.3 | going on. Wendy O is going to start us off today with an FTX bankruptcy update. What do you got when? |
| 0:45.1 | Gosh, golly gee, you guys. This thing is going to be a topic of conversation for a long time. |
| 0:51.6 | Justin, bipartisan group of U.S. Senators calls for independent examiner to investigate |
| 0:56.8 | FTX. And this bipartisan group is actually very interesting because it's comprised of senators |
| 1:01.8 | Elizabeth Warren, John Hinklelooper, Tom Tillis, and Cynthia Loomis, which I actually like her, |
| 1:08.3 | because she's kind of pro-crypto. And shout out to Hotev Jesus, |
| 1:12.2 | because he also told me that anytime you see anything bipartisan, it's not a good thing. |
| 1:15.8 | You want them fighting and going at it. I don't know. That's what he said. But anyways, |
| 1:19.7 | the four U.S. senators sent a letter to the bankruptcy judge calling for independent examiner |
| 1:23.4 | to be appointed to the case. And they're urging the judge to support a motion to appoint an examiner |
| 1:28.3 | to have full authority and resources to conduct an objective investigation of the activities that led to the collapse, |
| 1:33.7 | and they argue that the current advisor, Sullivan and Cromwell, advised FTCS for years, leading up to its collapse, |
| 1:39.2 | and one of its partners even served as FTC's general counsel. That seems like a conflict of interest to me. But just in |
| 1:46.0 | the bankruptcy hearing today, Delaware judge John Dorsey called the letter, |
| 1:49.7 | inappropriate intervention in banking proceedings which won't sway judicial decisions. |
... |
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