Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra were joined by Laura Shin, CEO of the show, to chop it up about the collapse of FTX.\xa0\n\nShow topics:\n\nHaseeb's explanation of the blowup of FTX\n\nwhether FTX was a Ponzi scheme\n\nSam Bankman-Fried's strategy to become a billionaire\n\nthe weird sale of Serum, a project backed by SBF\n\nthe lack of proper accounting practices in FTX and Alameda\n\nwhether FTX did not have a proper and large enough security team\xa0\n\nthe likelihood that FTX\u2019s volume numbers are fake\xa0\n\nwhy Haseeb thinks this is one of the biggest catastrophes in venture history\n\nthe role of media in building SBF's character and the revindication of journalism\n\nwhether venture capital firms run propaganda for their portfolio companies\n\nwhether VC culture enabled this collapse to happen\n\nthe story of how Sam convinced Tom Brady to invest in FTX\n\nthe debate about effective altruism and whether SBF's EA caused his mistakes\n\nwhether FTX's failure will set the crypto industry back\n\n\n\nHosts\n\n\nHaseeb Qureshi, managing partner at Dragonfly Capital\n\n\nTom Schmidt, general partner at Dragonfly Capital\n\n\nTarun Chitra, managing partner at Robot Ventures\n\n\nGuests\n\nLaura Shin, author, host of Unchained\n\nEpisode Links\n\nPrevious coverage of Unchained:\n\nThe Chopping Block: FTX: The Biggest Collapse in the History of Crypto?\n\nThe Chopping Block: SBF on a Crazy Week of Bitfinex, Wormhole and ENS Drama\n\nErik Voorhees and Cobie on Why FTX Loaned Out Customers\u2019 Assets\n\nSam Bankman-Fried on How to Prevent the Next Terra and 3AC\n\n\nFTX Collapse:\n\nFTX filed for Chapter 11 bankruptcy protection\n\nNYT\u2019s \u201cHow Sam Bankman-Fried\u2019s Crypto Empire Collapsed\u201d\n\nSam Bankman-Fried built a "backdoor" to his FTX exchange to change financial records and move funds without alerting others.\n\n$600 million hack\n\nUnchained coverage:\n\nCould FTX\u2019s Bankruptcy Trigger a Domino Effect?\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\nBinance Set to Buy FTX Amid Liquidity Crisis\n\nSBF\u2019s Net Worth Plummets 94% In One Day: Report\n\nBinance Might Have Triggered a Liquidity Crisis as FTX\u2019s Main Wallet Lost 290K ETH in Two Days\n\nAlameda\u2019s Balance Sheet Sparks Controversy\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices