Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets - Ep. 419
Nov 11, 2022
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Erik Voorhees, founder of ShapeShift, and Cobie, a crypto investor and host of UpOnly, dive deep into the shocking collapse of FTX. They discuss the alarming relationship between FTX and Alameda, highlighting the $10 billion deficit and why they view Sam Bankman-Fried's actions as sociopathic. The conversation touches on the implications of regulatory failures, the importance of blockchain transparency, and the risks of keeping assets in centralized exchanges. Their insights also explore how this event may reshape the future of crypto custodianship.