Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years - Ep. 430

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 9 December 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

TuongVy Le, partner and head of regulatory & policy at Bain Capital Crypto, discusses how the legal process for Sam Bankman-Fried in the wake of the FTX scandal could play out. Show highlights: the allegations that Bankman-Fried manipulated the market during the Terra crash the motivations for Bankman-Fried's media appearances what the selection of Mark Cohen as a lawyer says about the potential charges and the case why SBF hasn't been arrested yet how the US investigating the potential involvement of Bahamian government officials could complicate cooperation of an arrest of SBF in the Bahamas why this case is very different from Bernie Madoff's what evidence would be needed to say, legally, that SBF committed fraud the potential outcomes of the legal case for SBF and how many years of prison time he could face Take Unchained's 2022 survey! Unchained is doing its annual survey. Tell us how you think we’re doing and how we could improve, whether it be on the podcast, in the newsletter, or in our premium offering. Looking forward to hearing your thoughts! Thank you to our sponsors! Crypto.com TuongVy : Twitter Episode Links FTX: Unchained: Regulators Investigate Sam Bankman-Fried for Terra-Related Market Manipulation Sam Bankman-Fried Hires Ghislaine Maxwell’s Defense Lawyer: Report Investigations: Reuters: U.S. authorities probe FTX collapse, executives' involvement -sources CoinDesk: California Financial Regulator Announces FTX Investigation Others: CNBC: Former OpenSea employee charged in first-ever NFT insider trading case NYT: Ex-Coinbase Employee and 2 Others Charged With Insider Trading of Crypto Assets Two former Deutsche Bank traders win their appeal in a Libor manipulation case Previous coverage of Unchained on FTX: The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Is the Collapse of Crypto Lending Over, or Is It Just Starting? Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Sam Bankman-Fried on How to Prevent the Next Terra and 3AC Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hey everyone, just wanted to state two quick clarifications about recent shows.
0:05.5	In this past Tuesday's show with Ram Alawalia and Sam Andrew about all things Genesis and
0:11.0	DCG, Sam and I stated that a loan to three arrows capital accounted for 47% of Genesis's
0:17.1	loan book.
0:18.3	This was technically true as of June 30th, but not true when the loan was originated.
0:23.5	Ram explained that the figure was likely that high because as Genesis began to call in
0:28.3	loans, the good loans got called back, but then the bad loans remained taking up a huge
0:33.7	portion of the loan book.
0:35.9	Second, in the episode the Tuesday before that, with Michael Jordan and Alex Pack, Michael
0:41.4	said that there was a tweet from Dokequan confirming that the Luna Foundation guards selling
0:45.7	a U.S.T. in a curve pull to purchase Bitcoin set off the DPEG.
0:50.7	However, I talked to Doe and this was a misinterpretation of his tweet.
0:55.0	He says that the U.S.T. sold to buy Bitcoin didn't come from a curve pull, but instead
1:01.3	from the Luna Foundation guards' own holdings, and actually significantly predated the withdrawal
1:07.0	of liquidity from the U.S.T. curve pull.
1:10.2	Hope that that clarifies things and now onto the show.
1:15.5	Hey everyone, just a quick note before we begin, Unchained is doing its annual survey.
1:21.1	Head to surveymonkey.com slash R slash Unchained 2022 to tell us how you think we're doing and
1:26.5	how we can improve, whether we're being on the podcast in the newsletter or in our premium
1:30.6	offering.
1:31.6	Looking forward to hearing your thoughts.
1:33.2	Again, the link is surveymonkey.com slash R slash Unchained 2022, and you can also check
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Laura Shin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Laura Shin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.