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CoinDesk Podcast Network

THE HASH: Sam Bankman-Fried Faces Four New Criminal Charges; Coinbase Launches Layer 2 Blockchain With No Plan to Issue New Network Token

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 23 February 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

The most valuable crypto stories for Thursday, Feb. 23, 2023.  The hosts of "The Hash" weigh in as FTX founder Sam Bankman-Fried faces additional charges, including bank fraud allegations, under a new 12-count indictment. Coinbase (COIN) launched Base, a layer 2 network built using Optimism's OP Stack, to attract new crypto users. In a new filing, New York and Federal financial regulators say a $1.02 billion deal by Binance.US to purchase assets of defunct crypto lender Voyager Digital could prove discriminatory and unlawful. Plus, a federal judge rules that the offering of Dapper Labs’ NBA-branded “Top Shot” non-fungible tokens might be securities. See also: Sam Bankman-Fried Hit With Additional Bank Fraud Charges in New Indictment Sam Bankman-Fried’s Lawyers Move to Quash Voyager Subpoena Coinbase Launches Layer 2 Blockchain Base to Provide On-Ramp for Ethereum, Solana and Others Cathie Wood's ARK Buys Over $13M of Coinbase Shares NBA-Branded 'Top Shot Moments' NFTs May Be Securities, Judge Rules in Dapper Labs Case - This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Are you building the next big thing in Web3? Apply to pitch your project live on stage at the CoinDesk Pitchfest Powered by Google Cloud at Consensus, the industry’s most influential event happening April 26-28 in Austin, Texas. Apply by March 31 for a chance to be among the twelve finalists selected to pitch. Visit consensus.coindesk.com/pitchfest for more information. 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 is the hash podcast.

0:11.5

Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more,

0:16.1

with stories that matter to the crypto world, all on the hash for your ears.

0:22.0

You're listening to the Coin Desk Podcast Network.

0:26.0

Happy Thursday. Welcome to the Hash. If you're watching on CoinDest TV, you are seeing Will Foxley's amazing puffer jacket.

0:34.4

It is immaculate and large and blue. It's a beautiful sight. That's Will.

0:40.5

We got Jensenassie, Adam Levine, me, Zach Seward. Let's get to it. Will has an update on the

0:46.0

FtX case. That's right. And this is my mountaineering jacket and it's because I have very, very cold

0:51.4

in this office today. It's absolutely freezing here, so I have to wear it.

0:54.7

Okay, we are talking about your boy, SBF.

0:57.7

He's back in the news with 12 indictments to allegations against him.

1:01.8

Previously, we only had eight, which, you know, that's not too many.

1:05.1

Twelve was a little bit higher, and things look even worse.

1:08.4

There's new indictments here, including a lot of stuff about how he

1:11.8

gave political donations to people, did not disclose it correctly. There's also some new counts

1:16.1

around wire fraud. All in all, the picture only becomes more bleak. There's some interesting

1:21.7

information tidbits within the article you can find on coin desk.com about these indictments, including how they were trying

1:28.6

to give money to different groups in Washington, D.C., different packs, however they were choosing

1:33.6

to give these donations out, who they were giving the donations through during FDX or through

1:38.8

Almeda. It's a mess. It really is a mess, but it does shed some light into the actual, like, political functions within FTCX and within Almeida itself. Like, this was a fairly political organization. I'm going to throw this one over to Adam first. I want to get your take on it. Pretty interesting new findings this morning. I mean, I think that it's just the continued unraveling of a ball of yarn that we did not appreciate was quite as long as it has turned out to be.

2:04.2

Again, like a significant facade was put forward here if the allegations wind up being true, that as time goes on, we're just seeing is more and more and more wrong.

2:15.9

So like, it's not a good story. It's not a good piece of news here,

...

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