THE HASH: Headlines - Top Stories of the Week 11-12-22 - The Fall of FTX

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 12 November 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

A roundup of the week’s most valuable crypto stories for Saturday, Nov. 12, 2022. This episode is sponsored by minima.global and Circle. 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: FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT Token Bitcoin Falls Below $17K, First Time in 23 Months, as Binance Said to Waver on FTX Deal FTX Files for Bankruptcy Protection in US; CEO Bankman-Fried Resigns Links to the headlines: FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT Token Bitcoin Falls Below $17K, First Time in 23 Months, as Binance Said to Waver on FTX Deal FTX Files for Bankruptcy Protection in US; CEO Bankman-Fried Resigns This episode has been produced and edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is by Matt Wigton “Angeles Crest.” - Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:45.6	That's audible.com slash Wondery UK.
0:49.4	This episode is sponsored by Minima.global and Circle.
0:58.0	You're listening to The Hash Headlines on the CoinDest Podcast Network.
1:03.2	Get caught up on this week's top stories from the Hash crew.
1:08.9	And just a reminder, CoinDesk is a new source and does not provide investment advice.
1:18.6	Monday's top story.
1:32.3	All right, let's get in to the first story. There was some drama on Twitter over the weekend.
1:36.3	So FTX CEO, Sam Bankman Free, took to Twitter this morning to clear something up.
1:40.3	He said that a competitor is trying to attack the company with rumors. He then says in the
1:46.0	same tweet, FTX is fine. Assets are fine. Over the weekend, speculation rose about the solvency of
1:53.3	FTX. This came after a CoinDest report revealed Alamator Research's balance sheet is full of
1:59.0	FTX's native token FTT.
2:01.9	The balance sheet showed 2.66 billion of unlocked FTT and 292 million of locked FTT.
	...

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