Odd Lots

Matt Levine on the Collapse of FTX and Alameda

Nov 18, 2022

Matt Levine, a Bloomberg Opinion columnist known for his sharp insights on finance, dives into the chaotic aftermath of FTX and Alameda's fall. He discusses the shocking financial mismanagement and the eerie metaphors used by Sam Bankman-Fried, pointing to red flags in the crypto landscape. Levine also tackles inflated token valuations, the urgent need for regulation, and the contrasting dynamics of centralized versus decentralized exchanges. It's a deep exploration of a financial catastrophe that has shaken the entire cryptocurrency ecosystem.

33:35

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Episode guests

Matt Levine

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Episode notes

Intro

2min

The Downfall of FTX: A Crypto Catastrophe

12min

Unraveling the FTX Collapse

15min

The FTX Empire Unveiled

8min

Engagement and Digital Transformation Insights

2min

It was on an episode of the Odd Lots podcast in April 2022 that Sam Bankman-Fried infamously characterized yield farming as a "box," in a metaphor that made the practice sound a lot like a ponzi scheme. Of course, in the wake of the collapse of his two main firms — FTX and Alameda Research — that conversation looks more and more like a huge red flag, but also provides insight into the shaky finances of his crypto empire. Bloomberg Opinion columnist Matt Levine was also a guest on that episode and he joins us again this week to discuss where we are in the fallout out of the FTX saga.

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