Kevin Zhou, cofounder of Galois Capital, and Jesse Powell, cofounder of Kraken, talk about why FTX collapsed, the warning signs, and whether it’s a catalyst for self-custodial adoption.
Show highlights:
- the root causes of the FTX collapse, according to Jesse and Kevin
- whether there were warning signs of all the risks that were to come
- the importance of learning from mistakes, even for new people in the space
- Kevin's response to the stuck funds in FTX
- the debate about utilitarianism and SBF's effective altruism
- whether the philosophy behind founders matters
- Kevin's and Jesse's theories of how FTX and Alameda lost billions of dollars
- how Alameda and FTX's books were commingled
- whether people will start using self-custodial wallets
- whether the fall of FTX vindicates BTC maximalism
- whether regulation has been beneficial or harmful for American customers
- the role of venture capital firms and their "mixed incentives"
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Episode Links
Previous coverage on Unchained of FTX:
FTX Collapse:
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