THE HASH: FTX CEO Speaks Out About Crypto Market Turbulence; Binance Froze Russian Gun Maker's Crypto Assets
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 31 August 2022
⏱️ 21 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Wednesday, Aug. 31, 2022.
In an interview with Bloomberg, FTX CEO Sam Bankman-Fried discusses his efforts to bail out companies during the recent market turbulence. "The Hash" team discusses that plus the news that crypto exchange Binance froze a wallet related to a Russian gun manufacturer that raised funds for the country's troops in Ukraine, according to a Lobaev representative and blockchain data analysis.
See also: Binance Froze Russian Gun Maker's Crypto Assets, Likely at Ukraine’s Request
FTX’s Sam Bankman-Fried Denies Crypto Exchange Is Planning to Acquire Huobi
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Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:10.0 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more, with stories that matter to the crypto world. |
| 0:17.3 | All on the hash for your ears. |
| 0:20.6 | You're listening to the Coin Desk Podcast Network. |
| 0:25.6 | Hey there, hello and welcome to CoinDest TV. |
| 0:27.6 | I am Zach Seward. You are watching The Hash. |
| 0:30.6 | We are joined today by Will Foxley, Wendy O, and Jen Senassie to get you up to speed here on a Wednesday, the last day of August actually. |
| 0:39.5 | All right, leading us off today is Wendy. Wendy, what's up? |
| 0:44.0 | So we're going to talk about SBF visiting the White House. |
| 0:49.2 | So Sam has been in the news recently for a couple of different things. |
| 0:53.3 | So he went ahead and visited the White House to essentially speak on behalf of the crypto industry. |
| 0:58.4 | As most of you know, there are currently battle going on in the White House with the CFTC and the SEC, |
| 1:04.9 | who should have control or the say-so and lay the law down when it comes to crypto. |
| 1:10.2 | So he went there for that. |
| 1:11.4 | And then he was recently interviewed by Bloomberg, |
| 1:13.6 | and he talked about some of the mixed results he had from the different |
| 1:18.3 | crypto bailouts, as some of those are still going on. |
| 1:22.7 | I actually want to toss this over to Jen for her thoughts. |
| 1:26.2 | I want to talk about the bailouts first. I think it's not |
| 1:29.1 | surprising to see that there were mixed results, right? We saw SBF and FTX get involved in |
| 1:35.3 | bailing out a lot of companies that were in distress because of the Terraluna fallout. And I don't |
| 1:40.4 | think it's a surprise that there are any mixed results. But I love SBF. |
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