THE HASH: Sam Bankman-Fried Borrowed From Alameda to Buy Robinhood Shares; DeGods and Y00ts to Migrate Chains

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4.7 • 698 Ratings

🗓️ 27 December 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Bitstamp and the Galaxy Brains Podcast. The most valuable crypto stories for Tuesday, Dec. 27, 2022. Fallen FTX chief Sam Bankman-Fried borrowed hundreds of millions of dollars from Alameda Research to purchase his monster stake in Robinhood Markets Inc., according to court documents. Plus, the team behind DeGods and Y00ts, two of the top non-fungible token (NFT) projects on the Solana network, confirmed on Twitter that the projects would be migrating chains. See also: Bitcoin Miners Powered Off as Winter Storm Battered North America Solana’s Top NFT Projects DeGods and Y00ts to Migrate Chains Argo Blockchain Suspends Trading in US Shares for 24 Hours - This episode has been edited by Nia Freeman. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Bitstamp is the longest-running crypto exchange and recently rated #1 in the world by CryptoCompare. Regulation, transparency, and security are pillars that ensure customers' funds are safe; it’s the Bitstamp way. Learn more about how your crypto is always yours at bitstamp.net. - Galaxy Brains: Whether it’s breaking down market volatility or analyzing the latest development, come for the latest market insights from our in-house trading professionals and renowned experts from across the industry. Stay for the occasional rap from host Alex Thorn. Check out the latest episodes here: https://www.galaxy.com/research/podcasts/galaxy-brains/?utm_source=Hash&utm_medium=podcast&utm_id=CoinDesk 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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0:00.0	This episode of The HASH is sponsored by BitStamp and the Galaxy Brains podcast.
0:12.8	This is the HASH podcast. Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more,
0:20.3	with stories that matter to the
0:21.7	crypto world, all on the hash for your ears. You're listening to the Coin Desk podcast network.
0:33.9	Hello, everyone, and welcome to The Hash. It's the holiday, so we hope you are rested and enjoying time with your family and us, of course.
0:44.7	I'm Jensen Asie on today's show.
0:46.4	We got Will Foxley, Wendio, and a special holiday guest, Sam Kessler.
0:51.1	Hey, guys.
0:52.8	Hello.
0:53.5	Good morning, good afternoon. Happy, happy, guys. Hello. Good morning.
0:54.3	Good afternoon.
0:55.5	Happy holidays.
0:56.8	Happy holidays.
0:58.5	All right.
0:59.2	We are taking a break from all of the joy and merry experiences to talk about Sam
1:06.5	Bankman-Fried.
1:07.7	It is not over yet.
1:09.9	So Alameda Research CEO, Caroline Ellison, told a judge that she
1:13.7	agreed with SBF in providing materially misleading financial statements to Alameda's lenders.
1:21.0	This is the opposite of what Sam Bankman-Fried had been saying in his PR tour before he was
1:26.7	arrested and then extradited to the
1:28.4	US. And other reports are saying now that Sam also borrowed from Alameda to buy Robin Hood shares.
	...

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