CNN's John Defterios says there are signs of uncertainty at Binance, the company behind FTX. There have been questions about whether they had a role in FTX collapse and also potential ties to Chinese state-owned firm CCP. He said that if regulators or authorities go after B Finance then it could have consequences for the entire crypto industry. But he added that some major action like criminal charges from the US against B finance executives could really kick off a major downturn in crypto.
Paris Marx is joined by Molly White to discuss the ongoing collapse of the crypto industry, what to make of the implosion of FTX and Alameda Research, and what happens next with Sam Bankman-Fried.
Molly White is the creator of Web3 Is Going Just Great and a fellow at the Harvard Library Innovation Lab. You can follow her on Twitter at @molly0xFFF.
Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.
The podcast is produced by Eric Wickham and part of the Harbinger Media Network.
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