Description
Ed Zitron joins Scam Economy with Matt Binder to discuss one of the craziest weeks in crypto. FTX goes bankrupt, billions gone, hundreds of millions possibly hacked and/or stolen. Matt and Ed discuss all the details, breaking down the timeline of events, how there have long been questions about the liquidity of FTX and Alameda Research, the media fawning over founder Sam Bankman-Fried, how the entire operation was run by 10 roommates with on-again-off-again personal relationships, and much much much more.
Ed's newsletter on FTX: https://ez.substack.com/p/sam-bankrun-fraud
Article's mention in the episode:
FTX Hacked: https://www.coindesk.com/business/2022/11/12/ftx-crypto-wallets-see-mysterious-late-night-outflows-totalling-more-than-380m/
SBF and Roomates: https://www.coindesk.com/business/2022/11/10/bankman-frieds-cabal-of-roommates-in-the-bahamas-ran-his-crypto-empire-and-dated-other-employees-have-lots-of-questions/
Reuters texts with SBF: https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/
CNBC on SBF: https://www.youtube.com/watch?v=uGZrZq6z-Ig
Mike Burgersberg's Alameda story: https://dirtybubblemedia.substack.com/p/is-alameda-research-insolvent
CoinDesk's Alameda story: https://www.coindesk.com/business/2022/11/02/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet/
Visit ScamEconomy.com
Support the show: http://www.patreon.com/mattbinder
Scam Economy host Matt Binder breaks down the latest OpenAI scandal: an AI Voice Assistant that its CEO Sam Altman not so subtly tweeted "Her" about, resulting in a cease and desist from actress Scarlett Johansson. Is this just a voice impersonator or did OpenAI really use an AI voice trained on...
Published 05/30/24
Ed Zitron of the new podcast Better Offline joins Scam Economy with Matt Binder to discuss Bitcoin and other cryptocurrencies getting some a new life and pumping in recent weeks, what's going on with crypto lately? We also discuss the AI hype bubble and Apple Vision Pro. Check out Ed's new...
Published 03/07/24