Wed. 05/01 – An Elon Catchup
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 1 May 2024
⏱️ 19 minutes
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| 0:00.0 | Welcome to the Tech Meam bride Home for Wednesday, May 1st, 2024. I'm Brian McCullough today. |
| 0:08.7 | Binance, founder CZ, looks like he's heading to jail too, but for way less time than SBF. Is the Rabbit R1 just a fancy |
| 0:16.0 | device for a glorified Android app, has Open AI floated a secret pre-release of GPT5, and finally so much has happened I decided we had to |
| 0:25.4 | finally do an omnibus catch up with what's going on in the world of Elon. |
| 0:29.2 | Here's what you miss today in the world of tech. Remember when the whole FTX blow up |
| 0:36.3 | happened and it seemed like on a certain timeline of events SBF who headed |
| 0:40.5 | FTX had been stabbed in the back by CZ who headed rival |
| 0:45.0 | exchange finance and who by casting doubt on FTX's finances might have started the |
| 0:49.6 | whole bank run of sorts that led to FTX blowing up well. |
| 0:54.0 | We know SBF is in jail and CZ now as well. |
| 0:58.7 | We haven't been covering this, but it's been coming for a while now. |
| 1:01.5 | A US judge has sentenced by finance founder Chang-Peng |
| 1:04.8 | Jo to four months in prison for failing to establish adequate anti-money laundering |
| 1:10.8 | protections quoting the verge. |
| 1:13.4 | Jao, once the head of the largest crypto exchange in the world, pled guilty in November of |
| 1:17.7 | last year. |
| 1:19.2 | Judge Richard Jones said that Jao prioritized, quote, |
| 1:21.9 | Binance's growth and profits over compliance |
| 1:23.9 | with US laws and regulations, |
| 1:25.6 | while Jones doesn't think Joo is likely to re-offend. |
| 1:28.2 | The scale of the crime is notable. |
| 1:30.2 | Though Joo is not as well known as FTX fraudster, Sam Bankman Freed, he is a more important figure in the crypto world. |
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