THE HASH: New FTX CEO Criticizes Management of Crypto Exchange During Sam Bankman-Fried's Tenure; Next Steps for Binance
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 17 November 2022
⏱️ 26 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This episode of The HASH is sponsored by Minima.global, Circle, and Pastile Network. |
| 0:13.5 | This is The HASH podcast. Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter to the crypto world, all on the hash for your ears. |
| 0:27.0 | You're listening to the Coin Desk Podcast Network. |
| 0:32.4 | Hey there, welcome to the hash on CoinDesk TV. I'm Zach Seward. That's Jensenassie. |
| 0:38.2 | And over there, special guest star George Kulutis. |
| 0:41.0 | We love it when George is on the show. |
| 0:42.8 | We are going to do the latest in the FTS saga. |
| 0:47.2 | More damning revelations and spicy, spicy things have come out in the last 23 hours and 30 minutes since we last spoke. |
| 0:56.1 | And we are going to dive right in. I'm starting us off today. Let's do this thing. |
| 1:00.6 | All right. There was a declaration from the new CEO of FTX about why FTX has found itself |
| 1:09.0 | in dire straits. |
| 1:11.0 | Now, this is known as the first day declaration. |
| 1:13.6 | It lays out how a company gets into hot water and seeks bankruptcy protection. |
| 1:19.1 | And in this first day declaration, there are a ton of crazy revelations from the man who presided over the Enron bankruptcy. And this man who presided over the |
| 1:30.4 | Enron bankruptcy says that never in his 40 years of legal and restructuring experience, |
| 1:36.4 | has he seen something so crazy. I have, quote, never seen such a complete failure of corporate |
| 1:43.3 | controls and such a complete absence of |
| 1:46.1 | trustworthy financial information, end quote, as he has seen in digging through the wreckage of |
| 1:51.2 | FTX. Pretty crazy stuff here, really spicy 30-page document. There's also a subsequent document |
| 1:56.4 | that has some other revelations, but we are going to focus in on this first one for now. |
| 2:00.5 | George, I'm tossing it to you for your immediate thoughts. |
| 2:02.9 | Yeah. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

