What Does This Mean for the Ecosystem at Large?

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Easy: This is a non-binding agreement. They haven't even started due diligence for this agreement yet. So I would not count that chicken before it hatches, Easy says. FTX is one of the most valuable companies in this entire quote, unquote industry. Alameda had 30 over $30 billion worth of the Tether stablecoin issue to them over their lifetime and they were probably one of the largest market makers out there.

In a special bonus episode crypto writer and analyst, Mike Burgersburg joins to help explain what Binance buying FTX would mean, explains the Celsius scam, and other shady FTX deals, plus how this differs from other crypto. He also gets into his own writing on it, how such a big con was missed by so many, and what happens when you try to talk about it on social media.

Show Notes:

https://dirtybubblemedia.substack.com/

https://dirtybubblemedia.substack.com/p/is-alameda-research-insolvent

https://dirtybubblemedia.substack.com/p/ftxed-the-tangled-ties-of-celsius

Mixed and edited: Justin Hrabovsky

Produced: Andrew Nadeau and Rashad Assir

Executive Producer: Josh Machiz

Music: Griff Lawson

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About the Show

A Saturday morning podcast hosted by Logan Bartlett (Partner and Managing Director at Redpoint Ventures) covering the tech news with his friends and other people with industry expertise.

Executive Producer: Rashad Assir

Producer: Leah Clapper

Mixing and editing: Justin Hrabovsky

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About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.