4.8 • 689 Ratings
🗓️ 21 January 2023
⏱️ 28 minutes
🧾️ Download transcript
A roundup of the week’s most valuable crypto stories for Saturday, Jan. 21, 2023.
Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up.
“Hash Headlines” rounds up this week’s headline stories, including:
Links to the headlines:
Congress' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange's Bosses
New FTX Head Says Crypto Exchange Could Be Revived: Wall Street Journal
Genesis Owes Over $3.5B to Top 50 Creditors
Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure
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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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0:00.0 | You're listening to the hash headlines on the CoinDest Podcast Network. |
0:09.1 | Get caught up on this week's top stories from the hash crew. |
0:14.7 | And just a reminder, CoinDesk is a new source and does not provide investment advice. |
0:24.1 | Tuesday's Top Story. |
0:27.5 | It's just me or it's a three bucks, just super intimidating. |
0:30.2 | It's just the three of us. Four is comfy. Four of us is comfy in this gen. |
0:33.5 | Okay, let's talk about SBF. Apparently, a lot of people in Washington, D.C. |
0:37.6 | have been taking cash from FTCs. |
0:39.4 | Of course, they thought it was legal at the time. |
0:41.1 | But right now, in the midst of Chapter 11 bankruptcy filings, it's not great place to be. |
0:45.9 | According to CoinDesk's own running of the numbers, about 196 members of the new Congress, including senators and congressmen themselves, have taken cash from |
0:54.4 | SBF in various amounts of, you know, from $2,000 all the way up. And now everyone's looking at and |
1:00.0 | being like, hey, what are we going to do with this money? According to different lawyers and |
1:04.3 | bankruptcy experts that CoinDiscope has spoken with, you do have to give this money back, quote, |
1:09.6 | even if you're mother Teresa. This is a pretty |
1:12.0 | different angle than we've seen on a lot of the other stories about SPF, because this has direct |
1:16.4 | ties to people who are just elected to our democracy. And they're, of course, looking into these |
1:20.7 | numbers themselves being like, do I need to give this money back? A lot of them have opted to |
1:24.7 | give the money back or I've donated to charity. The thing here is, if you do donate to charity, you're still liable to give that money back |
1:31.0 | to the creditors who are now processing through all the claims on FDX's balance sheet. |
1:36.6 | Zach, I want to throw this one over to you. |
1:38.4 | I love this story from Coin Desk getting into the numbers on the Chapter 11 filings here because it's really important to know who took money |
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