James Block

Evgeny Gaevoy, founder of Wintermute, and James Block, an independent researcher behind the Dirty Bubble Media newsletter, dive deep into the catastrophic collapse of Sam Bankman-Fried’s empire. They discuss the intricate relationship between FTX and Alameda Research, shedding light on market-making dynamics and liquidity challenges in crisis. Gaevoy shares firsthand insights while Block revisits his early warnings about the disaster. Together, they explore the implications for crypto regulation, trust, and the push toward decentralization in finance.

James Block, a crypto skeptic and author of Dirty Bubble Media, shares his critical views on the cryptocurrency landscape. He discusses his early interest in Tether and why he thinks many crypto projects resemble Ponzi schemes. Block delves into the questionable legitimacy of platforms like Coinbase and highlights the dubious connections between FTX and Celsius. He also argues that the intrinsic value of Bitcoin is subjective and warns about the regulatory challenges facing stablecoins. His insights draw parallels between financial fraud throughout history, emphasizing the need for accountability in the crypto space.