4min chapter

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The Chopping Block: Arthur Hayes on Why Crypto Needs to Ditch the Banks - Ep. 466

Unchained

CHAPTER

FTX Strategy - I Don't Know What's Wrong About Crypto, Right?

FTES collapsed last month, leaving founder Arthur Meade with a $1 billion loss. He says he made a Faustian bargain between the crypto world and the powers that be who wanted to shape it into some kind of organism they could manage. "You don't come into crypto unless you actually believe the numbers are gonna go up eventually," said Meade. 'I've hired one person who used to work at Bitmex as my personal assistant'

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