Binance is the one that really kind of precipitates the push to cause these companies to collapse. And then it's going to collapse basically by threatening to sell these tokens and then causing the quote unquote bank runner exchange runner or whatever you want to call it. The next day he says, all right, B finance is going to buy us everything's going to be great. He is a little bit apologetic, obviously that things were falling apart, but he's like, thank you Binance for all of this.
Paris Marx is joined by Molly White to discuss the ongoing collapse of the crypto industry, what to make of the implosion of FTX and Alameda Research, and what happens next with Sam Bankman-Fried.
Molly White is the creator of Web3 Is Going Just Great and a fellow at the Harvard Library Innovation Lab. You can follow her on Twitter at @molly0xFFF.
Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.
The podcast is produced by Eric Wickham and part of the Harbinger Media Network.
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