Former FTX executive explains what everyone doesn't understand about the exchange's meltdown
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Description
Zane Tackett is the former head of institutional sales at FTX.
In this episode, Tackett recounts his experience working with Sam Bankman-Fried at FTX and explains how the exchange's terms of service blow a hole in SBF's criminal defense.
Although SBF claims he is not guilty of fraud, Tackett says "it's obvious that he knew what he was doing."
OUTLINE:
00:00 Introduction
03:32 FTX's Business Model
06:56 FTX's Balance Sheet
10:06 Michael Lewis: Going Infinite
11:14 The Real SBF
16:02 FTX 2.0
17:14 FTX Estate Asset Recovery
17:50 FTX Hacked Funds
19:06 Crypto’s Capital Markets
20:54 CeFi vs. DeFI
23:07 Effective Altruism
26:04 SBF Trial
32:57 Closing Thoughts
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