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 Alamedawhat kickstarted the blowup of FTXwhy 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 companywhether this would have ever happened if the prices hadn’t plummeted in the bear marketthe tension between advocates of privacy and those who want to limit criminal activitywhy Erik believes that SBF’s donations to both political parties are briberywhether regulators can prevent an exchange from collapsingwhether Changpeng Zhao did a better job at investigating FTX than anyone at the SECthe likelihood that this will result in criminal chargeshow blockchain technology is the solution to the problem of centralized exchanges doing things in the darkTether’s decision to freeze USDT owned by FTXErik’s response to Bitcoin maximalists who say FTX was caused by altcoinswhether it is a mistake for exchanges to issue their own tokenshow big the contagion could be in the industrywhy nobody should leave a significant amount of their net worth in a centralized exchangeErik’s message to regulatorswhether SBF was aligned with the values and the ethos of crypto
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Erik:
TwitterShapeShiftPrevious Unchained episodes:Why ShapeShift’s Erik Voorhees Thinks Toxic Bitcoin Maximalism Is BullshitShapeshift’s Erik Voorhees on How Crypto Will Separate Money and StateTwitterSubstackUpOnlyPrevious 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 3ACThe Chopping Block: FTX: The Biggest Collapse in the History of Crypto?FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its DownfallSBF’s video talking to regulatorsUnchained coverage:FTX May File for Bankruptcy After Binance Walks Off the DealFTX Needs $8B to Meet Investor Withdrawals: ReportTron Founder Justin Sun Says He Is Working With FTX on a SolutionUS DOJ Joins SEC and CFTC Probe of FTXFTX-Issued Wrapped Solana Tokens Could Add to DeFi Contagion: wBTC CreatorSequoia Capital Writes Off $214M FTX Investment to Zero
Binance’s dropped deal with FTX
CZ’s announcementSBF’s announcementBinance’s merkle-tree proof-of-reservesUnchained coverage:Binance Set to Buy FTX Amid Liquidity CrisisSBF’s Net Worth Plummets 94% In One Day: ReportThere are Rumors that Alameda Went Down With 3AC in Q2Alameda Owes More Than $30M in DeFi DebtCoinbase 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 DaysBinance to Liquidate Millions Worth of its FTX’s Token HoldingsFTX’s Stablecoin Reserves Hit One-Year LowAlameda’s Balance Sheet Sparks ControversyIndustry Leaders Debate How to Regulate DeFiBankless debate between SBF and Erik Voorhees
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