Zac Prince, the founder of BlockFi, a crypto lender that managed $15 billion, shares his incredible journey from becoming a self-made billionaire at 35 to facing bankruptcy just a year later. He discusses the harsh realities of the crypto collapse and the lessons he's learned about equity and volatility. Transitioning to real estate, Zac reveals why he left the crypto space and his new role as CEO at RE Cost Seg, focusing on tax savings for investors. His insights on resilience in high-risk environments are both inspiring and thought-provoking.

BlockFi CEO Zac Prince testified in the trial against Sam Bankman-Fried. The defense argued that FTX's terms of service may not support the misappropriation claims. The prosecution claimed that misappropriation occurred due to fiduciary duty breach and material misrepresentations. The podcast discusses Alameda's use of customer fiat deposits, the defense's argument on rights and obligations, and the contradictions between FTX's terms of service and the defense's claims.

Former BlockFi CEO Zac Prince provides detailed insights into Alameda Research's borrowing from FTX and the impact on BlockFi. He corrects defense attorney's claims about ignoring credit team advice and defends against the notion that BlockFi's bankruptcy was inevitable. Defense questions document credibility and BlockFi's financial status.