Ram Ahluwalia, CEO and cofounder of crypto-native investment advisor Lumida, and Marc Cohodes, individual investor and former hedge fund manager, have a heated debate about Silvergate, a crypto-friendly bank that plays a key role in integrating crypto with traditional finance and is currently under scrutiny due to its ties with FTX and Alameda. Both Marc and Ram have a vested interest in Silvergate. Marc is shorting the stock, while Ram is longing it.
Show highlights:
- why Silvergate plays such a vital role in the movement of money within the crypto industry
- whether Silvergate runs proper KYC and AML practices
- whether Silvergate has a $1 billion hole in its balance sheet
- whether regulators will go after Silvergate as they are doing with FTX
- why Marc thinks the FTX collapse wouldn't have happened without Silvergate
- whether Silvergate was complicit with FTX’s activities or simply negligent
- why Ram believes this case is different from JPMorgan's involvement with Madoff
- what regulatory actions might come in the near future for Silvergate
- why Ram thinks regulators will go to "great lengths" to avoid a bank failure
- what would it take for Ram and Marc to change their minds
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Guests:
Ram:
Marc:
Episode links:
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