This Week in Startups

EMERGENCY POD: FTX sells to Binance with Vinny Lingham and Sunny Madra | E1607

Nov 8, 2022

Vinny Lingham, a crypto entrepreneur, and Sunny Madra, a tech strategist, dive into the shocking sale of FTX to Binance amid a liquidity crisis. They discuss the implications of FTX's governance issues and the intertwined operations with Alameda. The conversation highlights risks tied to centralized exchanges versus the promise of decentralized platforms. They explore the potential fallout on crypto regulation and the future dominance of Bitcoin in a market shaken by turmoil. Lingham also theorizes on the impact of Alameda's locked Solana amidst the chaos.

50:38

Creator website

Episode guests

Sunny Madra

Vinny Lingham

AI Chapters

Episode notes

Intro

2min

Cryptocurrency Chaos: FTX and Alameda's Turbulent Ties

11min

Liquidity Issues and the Impacts of Digital Currency Crashes

2min

FTX's Downfall: Withdrawals and Regulation

7min

Cryptocurrency Crisis and the Importance of Cyber Insurance for Startups

4min

Navigating the Crypto Landscape

10min

Bitcoin's Market Dominance and Future Implications

4min

FTX: The Rise and Fall

6min

The Shift Towards Decentralized Exchanges in Crypto

2min

10.

The Fragility of Centralized Markets: Insights on FTX and Decentralization

2min

Vinny and Sunny join the show to cover all the angles of Sam Bankman-Fried selling FTX to Binance after a liquidity crunch! (0:54)

(0:00) Intro!

(0:54) Vinny Lingham and Sunny Madra join to break down SBF selling FTX to Binance after a liquidity crunch!

(13:36) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST

(15:04) Comparing FTX's bank run to traditional finance, understanding leverage, culture of: make money first, clean up later, Vinny's theory on Alameda's locked Solana

(23:24) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist

(24:35) Three areas of crypto, understanding where FTX and FTT fall in this, risks of centralized exchanges

(32:01) How this might impact broader crypto regulation, Bitcoin decoupling from the greater crypto market

(37:33) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

(38:57) Understanding what happened to Binance's FTT: Who is the bag holder? How might this unravel going forward?

(42:55) FTX fundraising breakdown: could this situation break the crypto VC model?

FOLLOW Vinny: https://twitter.com/VinnyLingham

FOLLOW Sunny: https://twitter.com/sundeep

FOLLOW Jason: https://linktr.ee/calacanis

FOLLOW Molly: https://twitter.com/mollywood

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