Erik Voorhees, founder of ShapeShift, and Jordan Fish, aka Cobie, crypto investor and host of UpOnly, talk about the collapse of FTX.
Show highlights:
the links between FTX and Alameda
what kickstarted the blowup of FTX
why Erik and Cobie think that Bankman-Fried's behavior was “sociopathic”
why the $10 billion hole is so shocking to Cobie considering the advantages that FTX had as a company
whether this would have ever happened if the prices hadn’t plummeted in the bear market
the tension between advocates of privacy and those who want to limit criminal activity
why Erik believes that SBF’s donations to both political parties are bribery
whether regulators can prevent an exchange from collapsing
whether Changpeng Zhao did a better job at investigating FTX than anyone at the SEC
the likelihood that this will result in criminal charges
how blockchain technology is the solution to the problem of centralized exchanges doing things in the dark
Tether’s decision to freeze USDT owned by FTX
Erik’s response to Bitcoin maximalists who say FTX was caused by altcoins
whether it is a mistake for exchanges to issue their own tokens
how big the contagion could be in the industry
why nobody should leave a significant amount of their net worth in a centralized exchange
Erik’s message to regulators
whether SBF was aligned with the values and the ethos of crypto
Thank you to our sponsors!
Crypto.com
Ava Labs
DeFi Saver
Erik:
Twitter
ShapeShift
Previous Unchained episodes:
Why ShapeShift’s Erik Voorhees Thinks Toxic Bitcoin Maximalism Is Bullshit
Shapeshift’s Erik Voorhees on How Crypto Will Separate Money and State
Cobie:
Twitter
Substack
UpOnly
Previous Unchained episodes:
Cobie and Chris Burniske on How to Navigate a Crypto Bear Market
Episode Links
Previous coverage of Unchained:
Sam Bankman-Fried on How to Prevent the Next Terra and 3AC
The Chopping Block: FTX: The Biggest Collapse in the History of Crypto?
FTX Collapse:
FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall
SBF’s video talking to regulators
Unchained coverage:
FTX May File for Bankruptcy After Binance Walks Off the Deal
FTX Needs $8B to Meet Investor Withdrawals: Report
Tron Founder Justin Sun Says He Is Working With FTX on a Solution
US DOJ Joins SEC and CFTC Probe of FTX
FTX-Issued Wrapped Solana Tokens Could Add to DeFi Contagion: wBTC Creator
Sequoia Capital Writes Off $214M FTX Investment to Zero
Binance’s dropped deal with FTX
CZ’s announcement
SBF’s announcement
Binance’s merkle-tree proof-of-reserves
Unchained coverage:
Binance Set to Buy FTX Amid Liquidity Crisis
SBF’s Net Worth Plummets 94% In One Day: Report
There are Rumors that Alameda Went Down With 3AC in Q2
Alameda Owes More Than $30M in DeFi Debt
Coinbase and Genesis Declare No Exposure to Collapsing FTX
Binance Might Have Triggered a Liquidity Crisis as FTX’s Main Wallet Lost 290K ETH in Two Days
Binance to Liquidate Millions Worth of its FTX’s Token Holdings
FTX’s Stablecoin Reserves Hit One-Year Low
Alameda’s Balance Sheet Sparks Controversy
Crypto regulation
Industry Leaders Debate How to Regulate DeFi
Bankless debate between SBF and Erik Voorhees
Learn more about your ad choices. Visit megaphone.fm/adchoices
Show highlights:
the links between FTX and Alameda
what kickstarted the blowup of FTX
why Erik and Cobie think that Bankman-Fried's behavior was “sociopathic”
why the $10 billion hole is so shocking to Cobie considering the advantages that FTX had as a company
whether this would have ever happened if the prices hadn’t plummeted in the bear market
the tension between advocates of privacy and those who want to limit criminal activity
why Erik believes that SBF’s donations to both political parties are bribery
whether regulators can prevent an exchange from collapsing
whether Changpeng Zhao did a better job at investigating FTX than anyone at the SEC
the likelihood that this will result in criminal charges
how blockchain technology is the solution to the problem of centralized exchanges doing things in the dark
Tether’s decision to freeze USDT owned by FTX
Erik’s response to Bitcoin maximalists who say FTX was caused by altcoins
whether it is a mistake for exchanges to issue their own tokens
how big the contagion could be in the industry
why nobody should leave a significant amount of their net worth in a centralized exchange
Erik’s message to regulators
whether SBF was aligned with the values and the ethos of crypto
Thank you to our sponsors!
Crypto.com
Ava Labs
DeFi Saver
Erik:
ShapeShift
Previous Unchained episodes:
Why ShapeShift’s Erik Voorhees Thinks Toxic Bitcoin Maximalism Is Bullshit
Shapeshift’s Erik Voorhees on How Crypto Will Separate Money and State
Cobie:
Substack
UpOnly
Previous Unchained episodes:
Cobie and Chris Burniske on How to Navigate a Crypto Bear Market
Episode Links
Previous coverage of Unchained:
Sam Bankman-Fried on How to Prevent the Next Terra and 3AC
The Chopping Block: FTX: The Biggest Collapse in the History of Crypto?
FTX Collapse:
FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall
SBF’s video talking to regulators
Unchained coverage:
FTX May File for Bankruptcy After Binance Walks Off the Deal
FTX Needs $8B to Meet Investor Withdrawals: Report
Tron Founder Justin Sun Says He Is Working With FTX on a Solution
US DOJ Joins SEC and CFTC Probe of FTX
FTX-Issued Wrapped Solana Tokens Could Add to DeFi Contagion: wBTC Creator
Sequoia Capital Writes Off $214M FTX Investment to Zero
Binance’s dropped deal with FTX
CZ’s announcement
SBF’s announcement
Binance’s merkle-tree proof-of-reserves
Unchained coverage:
Binance Set to Buy FTX Amid Liquidity Crisis
SBF’s Net Worth Plummets 94% In One Day: Report
There are Rumors that Alameda Went Down With 3AC in Q2
Alameda Owes More Than $30M in DeFi Debt
Coinbase and Genesis Declare No Exposure to Collapsing FTX
Binance Might Have Triggered a Liquidity Crisis as FTX’s Main Wallet Lost 290K ETH in Two Days
Binance to Liquidate Millions Worth of its FTX’s Token Holdings
FTX’s Stablecoin Reserves Hit One-Year Low
Alameda’s Balance Sheet Sparks Controversy
Crypto regulation
Industry Leaders Debate How to Regulate DeFi
Bankless debate between SBF and Erik Voorhees
Learn more about your ad choices. Visit megaphone.fm/adchoices
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