Weekly Roundup 11/10/22 (FTX fiasco, Su Zhu and Do attempt comebacks, Proof of Reserves redemption) (EP.370)

Published: Nov. 10, 2022, 9:50 p.m.

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Nic and Matt return for one of the craziest weeks in crypto history. In this episode:\\xa0

  • Coin Metrics makes a key on-chain discovery regarding FTX\\u2019s insolvency
  • Will Castle Island buy the naming rights to the Miami Heat arena?
  • What in the hell happened to FTX/Alameda?
  • How big is the hole in FTX\\u2019 balance sheet
  • Was FTX/Alameda insolvent as early as Q2?
  • How this is reminiscent of the Bitfinex/Tether transaction?
  • What did CZ see that caused him to catalyze the attack on FTX?
  • How did FTX pass an audit?
  • Who will be affected by the FTX collapse?
  • How this will affect the already impaired crypto lenders
  • We revisit some of the recent departures from FTX/Alameda
  • This explains why FTX was bailing out the lenders in Q2
  • Will FTX US be firewalled off here?
  • Could this crisis have been forecasted?
  • Did Sam perjure himself in front of Congress?
  • Gensler\\u2019s responsibility in the FTX fiasco
  • Su Zhu is trying to do a redemption arc
  • Why is Su Zhu surfing?
  • Possible regulatory consequences
  • What are the midterm consequences for crypto?
  • A failure of corporate governance at FTX
  • Some venture funds were attesting to the solvency of FTX while withdrawing funds
  • FTX is selectively processing withdrawals to Bahamanian entities
  • Silver linings from the crisis
  • Proof of Reserves is having a moment
  • Sam\\u2019s crypto agenda in DC is thankfully dead
  • SBF was somehow an LP in Sequoia and Paradigm
  • Setting the record straight on Tom Brady

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