On The Brink with Castle Island

Weekly Roundup 11/10/22 (FTX fiasco, Su Zhu and Do attempt comebacks, Proof of Reserves redemption) (EP.370)

Nov 10, 2022

56:00

Creator website

Highlights

AI Chapters

Episode notes

The Scale of Destroyment of Cryptocurrency

02:44

Have a Safe and Healthy Weekend

01:33

CZ - Is This a House of Cards?

01:50

Introduction

2min

Talos

2min

The Deals in the Castle Island Portfolio

2min

Cryptocurrency Week - The Worst Two Days Ever

2min

Alameda Research Blows Up in Q2

4min

CZ - Is This a House of Cards?

2min

The Scale of Destroyment of Cryptocurrency

3min

Alameda Bank

2min

FTX Slash Alameda Bails Out Lenders

2min

10.

Alameda FTX - Red and Orange Flags

2min

11.

Do You Think He's Really Sam's Out of His Mind?

2min

12.

Crypto Is a Scam. It Couldn't Be More Scammed

3min

13.

What Are You Gonna Do, Dude?

2min

14.

What Are You Talking About, Dude?

2min

15.

FDX - Is There Any Justice in the World?

3min

16.

FTX - Is Sam Bankman-Free a Ponzi?

3min

17.

What's Up With That?

2min

18.

Proof of Reserves

4min

19.

The Silver Linings

3min

20.

Sam Bankman Fried, LP in Sequoia, Paradigm and Multicoin

2min

21.

I Think the Whole Thing Was Contrived

2min

22.

FTX - Is There an Adderall Shortage?

2min

23.

FTX

2min

24.

FTX Depositors

2min

25.

Have a Safe and Healthy Weekend

2min

Nic and Matt return for one of the craziest weeks in crypto history. In this episode:

Coin Metrics makes a key on-chain discovery regarding FTX’s insolvency
Will Castle Island buy the naming rights to the Miami Heat arena?
What in the hell happened to FTX/Alameda?
How big is the hole in FTX’ balance sheet
Was FTX/Alameda insolvent as early as Q2?
How this is reminiscent of the Bitfinex/Tether transaction?
What did CZ see that caused him to catalyze the attack on FTX?
How did FTX pass an audit?
Who will be affected by the FTX collapse?
How this will affect the already impaired crypto lenders
We revisit some of the recent departures from FTX/Alameda
This explains why FTX was bailing out the lenders in Q2
Will FTX US be firewalled off here?
Could this crisis have been forecasted?
Did Sam perjure himself in front of Congress?
Gensler’s responsibility in the FTX fiasco
Su Zhu is trying to do a redemption arc
Why is Su Zhu surfing?
Possible regulatory consequences
What are the midterm consequences for crypto?
A failure of corporate governance at FTX
Some venture funds were attesting to the solvency of FTX while withdrawing funds
FTX is selectively processing withdrawals to Bahamanian entities
Silver linings from the crisis
Proof of Reserves is having a moment
Sam’s crypto agenda in DC is thankfully dead
SBF was somehow an LP in Sequoia and Paradigm
Setting the record straight on Tom Brady

Sponsor notes:

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