An Examination of the FTX/Alameda Collapse with Chris Sullivan (WiM238)
The "What is Money?" Show
Cryptocurrency Platform Investing
"Smart money got leveled because they became either victims of FOMO or they wanted to invest in equity," he says. "A lot of good actors in the space like us and, and I said, Pantera and other good exchanges such as that are very simple"
Chris Sullivan joins me for an in-depth conversation about the events that led to the collapse of FTX and Alameda—the latest crypto catastrophe.
Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedlove
Guest
Chris Sullivan Website: https://www.hyperiondecimus.com
PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify:https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:
Outline
00:00:00 “What is Money?” Intro Music
00:00:08 “What is Money?” Intro Message
00:00:54 Learn about Bitcoin with Swan Private at SwanPrivate.Com
00:01:48 Do More with Your Digital Assets with Ledn
00:02:33 Sam Bankman-Fried and the FTX Ponzi
00:13:54 "Bank-Run" on the FTT Token
00:16:44 Natural Price Action vs Unnatural Price Action
00:23:50 Liquidation of Alameda, FTX and Exposing Their Balance Sheet
00:29:35 Take Control of Your Healthcare with CrowdHealth
00:30:38 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:31:13 Invest in the Fine Art Market with Masterworks
00:31:48 Hold Bitcoin is the Most Secure Custody Model with Casa
00:32:37 FTX's Misallocation of Capital and Their Inevitable Collapse
00:42:16 "Smart Money" and their Lack of Due Diligence on SBF and FTX
00:54:10 Political Donations From Sam Bankman-Fried and FTX
01:01:34 Where to Find Chris' Work
01:02:07 “What is Money?” Outro Music
SOCIAL
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WRITTEN WORK
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WAYS TO CONTRIBUTE
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RECOMMENDED BUSINESSES
Swan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy:
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Ledn lets you do more with your digital assets: https://www.ledn.io/
CrowdHealth offers an innovative health insurance model based on Bitcoin and community:
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Wasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/
Okcoin is an innovative and education-focused cryptoasset exchange platform—earn $50 in free Bitcoin by signing up at:
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Masterworks let you access the fine art market at more affordable price points (use discount code BREEDLOVE): https://www.masterworks.com|
Casa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/
Automatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/
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