Everything You Need To Know About Crypto's FTX-Driven Downturn | Matt Fiebach

Published: Nov. 8, 2022, 11 p.m.

b"In an emergency episode, Jack speaks to one of the sharpest crypto minds he knows, Matt Fiebach, research analyst on the Blockworks Research team, about the turmoil engulfing FTX, a digital asset exchange that up until very recently was considered one of the safest and most blue chip exchanges.\\nMatt breaks down the collapse in confidence that led to FTX Token falling 80% over the course of one day, and FTX\\u2019s rumored acquisition by Binance, a digital asset behemoth led by Chengpeng Zhao (\\u201cCZ\\u201d) that, should the acquisition close, would become the undisputed king of all crypto exchange. Matt and Farley consider financial contagion risk within crypto as well as in the broader traditional finance (\\u201ctradfi\\u201d) world.\\n__\\n\\nFollow Blockworks Research on Twitter https://twitter.com/blockworksres\\nFollow Matt Fiebach on Twitter https://twitter.com/MattFiebach\\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\\nMarket commentary, charts, degen trade ideas, governance updates, token performance, can\\u2019t-miss-tweets and more. Subscribe to the Blockworks Research \\u201cDaily Debrief\\u201d Newsletter: https://rb.gy/feusos\\n\\n__\\n\\nTimestamps:\\n(00:00) Intro\\n(00:54)\\xa0Overview of FTX's Problems\\n(02:49) Alameda Research's Balance Sheet\\n(09:09) FTX As A Big Blue-Chip Player In Crypto\\n(13:16) Possible Outcomes\\n(16:31) Was FTX Investing Customer Assets?\\n(20:25) Risk Of Contagion\\n(27:48) Matt Fiebach's Background\\n(30:42) About Blockworks Research\\n(31:49) Closing Thoughts\\n__\\n\\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets."