Erik Voorhees and Cobie on Why FTX Loaned Out Customers Assets - Ep. 419

Published: Nov. 11, 2022, 8:30 a.m.

b"Erik Voorhees, founder of ShapeShift, and Jordan Fish, aka Cobie, crypto investor and host of UpOnly, talk about the collapse of FTX.\\xa0\\n\\nShow highlights:\\n\\nthe links between FTX and Alameda\\n\\nwhat kickstarted the blowup of FTX\\n\\nwhy Erik and Cobie think that Bankman-Fried's behavior was \\u201csociopathic\\u201d\\n\\nwhy the $10 billion hole is so shocking to Cobie considering the advantages that FTX had as a company\\n\\nwhether this would have ever happened if the prices hadn\\u2019t plummeted in the bear market\\n\\nthe tension between advocates of privacy and those who want to limit criminal activity\\n\\nwhy Erik believes that SBF\\u2019s donations to both political parties are bribery\\n\\nwhether regulators can prevent an exchange from collapsing\\n\\nwhether Changpeng Zhao did a better job at investigating FTX than anyone at the SEC\\n\\nthe likelihood that this will result in criminal charges\\n\\nhow blockchain technology is the solution to the problem of centralized exchanges doing things in the dark\\n\\nTether\\u2019s decision to freeze USDT owned by FTX\\n\\nErik\\u2019s response to Bitcoin maximalists who say FTX was caused by altcoins\\n\\nwhether it is a mistake for exchanges to issue their own tokens\\n\\nhow big the contagion could be in the industry\\n\\nwhy nobody should leave a significant amount of their net worth in a centralized exchange\\n\\nErik\\u2019s message to regulators\\n\\nwhether SBF was aligned with the values and the ethos of crypto\\n\\n\\nThank you to our sponsors!\\nCrypto.com\\nAva Labs\\nDeFi Saver\\n\\nErik:\\n\\nTwitter\\n\\nShapeShift\\n\\nPrevious Unchained episodes:\\n\\nWhy ShapeShift\\u2019s Erik Voorhees Thinks Toxic Bitcoin Maximalism Is Bullshit\\n\\nShapeshift\\u2019s Erik Voorhees on How Crypto Will Separate Money and State\\n\\nCobie:\\n\\nTwitter\\n\\nSubstack\\n\\nUpOnly\\n\\nPrevious Unchained episodes:\\n\\nCobie and Chris Burniske on How to Navigate a Crypto Bear Market\\n\\n\\n\\nEpisode Links\\nPrevious coverage of Unchained:\\n\\nSam Bankman-Fried on How to Prevent the Next Terra and 3AC\\n\\nThe Chopping Block: FTX: The Biggest Collapse in the History of Crypto?\\n\\n\\nFTX Collapse:\\n\\nFTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall\\n\\nSBF\\u2019s video talking to regulators\\n\\nUnchained coverage:\\n\\nFTX May File for Bankruptcy After Binance Walks Off the Deal\\n\\nFTX Needs $8B to Meet Investor Withdrawals: Report\\n\\nTron Founder Justin Sun Says He Is Working With FTX on a Solution\\n\\nUS DOJ Joins SEC and CFTC Probe of FTX\\n\\nFTX-Issued Wrapped Solana Tokens Could Add to DeFi Contagion: wBTC Creator\\n\\nSequoia Capital Writes Off $214M FTX Investment to Zero\\n\\n\\n\\nBinance\\u2019s dropped deal with FTX\\n\\nCZ\\u2019s announcement\\n\\n\\nSBF\\u2019s announcement\\n\\n\\nBinance\\u2019s merkle-tree proof-of-reserves\\n\\n\\nUnchained coverage:\\n\\nBinance Set to Buy FTX Amid Liquidity Crisis\\n\\nSBF\\u2019s Net Worth Plummets 94% In One Day: Report\\n\\nThere are Rumors that Alameda Went Down With 3AC in Q2\\n\\nAlameda Owes More Than $30M in DeFi Debt\\n\\nCoinbase and Genesis Declare No Exposure to Collapsing FTX\\xa0\\n\\nBinance Might Have Triggered a Liquidity Crisis as FTX\\u2019s Main Wallet Lost 290K ETH in Two Days\\n\\nBinance to Liquidate Millions Worth of its FTX\\u2019s Token Holdings\\n\\nFTX\\u2019s Stablecoin Reserves Hit One-Year Low\\n\\nAlameda\\u2019s Balance Sheet Sparks Controversy\\n\\n\\nCrypto regulation\\n\\nIndustry Leaders Debate How to Regulate DeFi\\n\\nBankless debate between SBF and Erik Voorhees\\xa0\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"