Unchained The Chopping Block: SBF on a Crazy Week of Bitfinex, Wormhole and ENS Drama - Ep.318
Feb 9, 2022
Dive into a lively discussion about the challenges of decentralized finance and the whimsical world of crypto personalities. Hear insights on the Wormhole hack, the Assange DAO’s fundraising efforts, and how GameStop's move impacted Immutable X. The hosts reflect on public responses to controversial statements, the recovery of $4.5 billion from the Bitfinex hack, and the amusing debate between 'word cells' and 'shape rotators' that reveals cognitive diversity in the crypto sphere.
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SBF's Congressional Testimony
- Sam Bankman-Fried (SBF) was surprised by the constructiveness of his recent testimony before Congress.
- He expected partisan bickering but found a constructive attitude across both aisles.
FTX's Meteoric Rise
- FTX's rapid growth has exceeded even SBF's most optimistic projections.
- A billion dollars a day in volume seemed like a long shot, but FTX now handles 15 times that.
Cross-Chain Complexity
- The Wormhole hack highlights the complexities of cross-chain bridging.
- The bug was a simple code error with major consequences, emphasizing the difficulty of securing interconnected blockchains.