Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets - Ep. 419
Erik Voorhees, founder of ShapeShift, and Jordan Fish, aka Cobie, crypto investor and host of UpOnly, talk about the collapse of FTX.

🔥 EPISODE LINK 🔥
CHECK OUT THE EPISODE LINKS AND DETAILS HERE
👉 https://unchainedpodcast.com/erik-voorhees-and-cobie-on-why-ftx-loaned-out-customers-assets-ep-419/ 👈

Show highlights:
🔹the links between FTX and Alameda
🔹what kickstarted the blowup of FTX
🔹why Erik and Cobie think that Bankman-Fried's behavior was “sociopathic”
🔹why the $10 billion hole is so shocking to Cobie considering the advantages that FTX had as a company
🔹whether this would have ever happened if the prices hadn’t plummeted in the bear market
🔹the tension between advocates of privacy and those who want to limit criminal activity
🔹why Erik believes that SBF’s donations to both political parties are bribery
🔹whether regulators can prevent an exchange from collapsing
🔹whether Changpeng Zhao did a better job at investigating FTX than anyone at the SEC
🔹the likelihood that this will result in criminal charges
🔹how blockchain technology is the solution to the problem of centralized exchanges doing things in the dark
🔹Tether’s decision to freeze USDT owned by FTX
🔹Erik’s response to Bitcoin maximalists who say FTX was caused by altcoins
🔹whether it is a mistake for exchanges to issue their own tokens
🔹how big the contagion could be in the industry
🔹why nobody should leave a significant amount of their net worth in a centralized exchange
🔹Erik’s message to regulators
🔹whether SBF was aligned with the values and the ethos of crypto

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Time Stamps:
0:10 Intro
0:47 Context of FTX's collapse
3:08 Links between FTX and Alameda
11:24 SBF and regulation
17:14 Lies
35:12 Investigations
42:26 USDT
50:03 Contagion
1:08:30 Message to regulators

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#bitcoin #ethereum #crypto #cryptocurrencies #defi #FTX @UpOnly
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