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Rabbit Hole Recap #226: FTX BLOWS UP - Takes House of Cards with it

Rabbit Hole Recap

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Unchained - What's the Silver Lining?

BlockFi has their whole business model as a predatory business model where they offer you interest on your deposits. So presumably the closed door deal where FTX picked up BlockFi and bailed them out for pennies involved them getting their yield from FTX and Alameda, right? Yeah. That's such a shit show. We're again going back to collaborative custody, like prime trust. And more and more people are going to be doing this moving forward, which is the silver lining.

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