Zane Tackett is the former head of institutional sales at FTX.

In this episode, Tackett recounts his experience working with Sam Bankman-Fried at FTX and explains how the exchange's terms of service blow a hole in SBF's criminal defense.

Although SBF claims he is not guilty of fraud, Tackett says "it's obvious that he knew what he was doing."

OUTLINE:

00:00 Introduction

03:32 FTX's Business Model

06:56 FTX's Balance Sheet

10:06 Michael Lewis: Going Infinite

11:14 The Real SBF

16:02 FTX 2.0

17:14 FTX Estate Asset Recovery

17:50 FTX Hacked Funds

19:06 Crypto’s Capital Markets

20:54 CeFi vs. DeFI

23:07 Effective Altruism

26:04 SBF Trial

32:57 Closing Thoughts