SBF's Downfall and FTX's Legal Avenues

This chapter explores the rapid legal troubles of SBF amidst the FTX scandal, highlighting his extradition and the plea deals from Caroline Ellison and Gary Wang. The conversation delves into FTX's asset recovery efforts and their aggressive strategies to reclaim funds, especially from political donations. Additionally, it touches on recent regulatory proposals that could shape the future of cryptocurrency in the U.S., alongside Visa's innovative moves with Ethereum integration.

Play episode from 23:43

chevron_right

Transcript

chevron_right

Transcript

Episode notes

December 23, 2022

------ 📣 Kraken | The Crypto Exchange for Everyone http://k.xyz/bankless-pod

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/?utm_source=banklessshowsyt 🎙️ SUBSCRIBE TO PODCAST: https://availableon.com/bankless

------ BANKLESS SPONSOR TOOLS:

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN https://bankless.cc/Deso

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave

📡 TRUEFI | CRYPTO FINANCIAL HUB https://bankless.cc/TrueFi

👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence

⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel

------ Topics Covered

0:00 Intro 2:13 Kraken

3:40 MARKETS 9:00 DeFi Growth https://dune.com/danning.sui/dex-users-across-chains 9:50 Scaling Vector https://twitter.com/l2beat/status/1605226968844320768 11:18 MakerDAO Revenue https://twitter.com/liamellul/status/1603820633850228736 13:10 Bear Market Behavior https://twitter.com/RyanSAdams/status/1605931718124478466 19:55 Coinbase Valuation https://twitter.com/Matt_Hougan/status/1605317841594490881

23:30 SBF in the USA https://twitter.com/jchervinsky/status/1605756013159686144 25:15 Bahaman Jail https://decrypt.co/117557/imprisoned-bankman-fried-may-relent-in-extradition-fight-reports 26:00 New York City https://nypost.com/2022/12/21/sam-bankman-fried-handed-over-to-us-authorities-heading-to-ny/ 26:30 Caroline & Gary https://www.coindesk.com/policy/2022/12/22/alameda-chief-caroline-ellison-ftxs-gary-wang-plead-guilty-to-fraud-charges/ 27:30 Finding Billions https://thedefiant.io/ftx-finds-1b 29:10 Clawbacks https://www.theguardian.com/business/2022/dec/20/ftx-seeks-to-claw-back-donations-to-politicians-and-charities

31:42 Brian Armstrong Proposal https://twitter.com/RyanSAdams/status/1605222605258194945

36:25 Visa Payments https://twitter.com/catgu_/status/1604896035616264205

41:30 NEWS Uniswap x Moonpay - https://twitter.com/Uniswap/status/1605251408155906048 42:30 Ren in Danger https://blockworks.co/news/alameda-backed-ren-warns-crypto-could-be-lost-as-platform-shuts-down 45:40 ETHGlobal https://ethglobal.medium.com/announcing-the-2023-ethglobal-season-3cc1960de7b4 46:30 Trump NFTs https://twitter.com/RyanSAdams/status/1604567784968667136 51:35 Reddit NFT Volume https://twitter.com/GiancarloChaux/status/1605034007644643328 52:15 Wash Trading https://twitter.com/hildobby_/status/1603763322012041217 54:10 Christies Down Bad https://www.theblock.co/post/196568/auction-house-christies-nft-sales-fell-96-in-2022 55:10 Bankless Collectibles https://collectibles.bankless.com/

56:24 Core Scientific Bankruptcy https://www.theblock.co/post/196884/bitcoin-miner-core-scientific-set-to-file-for-chapter-11-bankruptcy-protection-cnbc 58:35 Binance Buying Voyager https://www.cnbc.com/2022/12/19/binance-to-acquire-voyager-assets-weeks-after-ftx-deal-fell-through-bankruptcy.html 1:00:48 Banning Crypto https://thehill.com/homenews/sunday-talk-shows/3779731-senate-banking-chairman-says-maybe-to-cryptocurrency-ban/

1:02:25 Jobs https://pallet.xyz/list/bankless/jobs

1:05:00 TAKES Wells Fargo - https://twitter.com/GRDecter/status/1605220493564514305 Meme - https://twitter.com/Reflog_18/status/1605269193795960833 1:11:20 Binance Account https://twitter.com/RyanSAdams/status/1605207334191513601

1:14:00 What David’s Bullish On 1:16:30 What Ryan’s Bullish On

1:20:25 MEME of the Week https://pbs.twimg.com/media/FkjsYMMXkAI3Mfl?format=jpg&name=medium

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app