ftx collapse

In 2022, crypto markets were in turmoil, but Sam Bankman-Fried's empire seemed to weather it all. That is until one week in November, when he went from crypto's savior to its biggest villain. WSJ’s Caitlin Ostroff tracks the unprecedented collapse of Bankman Fried’s empire, and the big secret that would prove to be its downfall. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's day 20 and SBF still isn't in jail. What gives? Ryan and David give their thoughts on why that may be and how this all might play out.

Also, stay tuned toward the end of the show for a special guest appearance from our boots-on-the-ground Bahamas correspondent to give their take from the belly of the beast.

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Timestamps:

0:00 Intro
5:44 SBF to Prison?
https://fortune.com/crypto/2022/11/13/could-sam-bankman-fried-go-to-prison-for-the-ftx-disaster/ 
9:00 Criminal Misconduct
https://twitter.com/RBPFPolice/status/1591864528291221504 
10:25 1M Creditors
https://www.cnbc.com/2022/11/15/ftx-says-could-have-over-1-million-creditors-in-new-bankruptcy-filing.html 
14:21 Alameda Backend
https://www.cnbc.com/2022/11/13/sam-bankman-frieds-alameda-quietly-used-ftx-customer-funds-without-raising-alarm-bells-say-sources.html 
16:30 SBF Backdoor
https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/ 
17:28 Buying Properties
https://www.reuters.com/technology/exclusive-bankman-frieds-ftx-parents-bought-bahamas-property-worth-121-mln-2022-11-22/ 
18:35 $1B Personal Loan
https://www.bloomberg.com/news/articles/2022-11-17/ftx-s-bankman-fried-received-1-billion-loan-from-alameda 
19:08 Cashing Out $300M
https://www.coindesk.com/business/2022/11/18/sam-bankman-fried-cashed-out-300m-in-previous-funding-round-wsj/ 
21:40 NYT Puff Piece
https://twitter.com/nytimes/status/1592296341346320384 
https://twitter.com/TrungTPhan/status/1592349684471037955 
24:15 Liz Hoffman of WSJ
https://twitter.com/lizrhoffman/status/1595184595409969153 
25:30 Alameda CEO
https://twitter.com/Forbes/status/1593615727512227840 
26:14 Pandemic Prevention
https://www.washingtonpost.com/health/2022/11/16/sam-bankman-fried-ftx-pandemic-prevention/ 
27:42 NYT Conference
https://www.news.com.au/finance/money/investing/sam-bankmanfried-to-appear-at-new-york-times-conference-despite-ftx-bankruptcy/news-story/2e02d2fd6e584cc5b3148d0f6ba14a2f 
https://twitter.com/andrewrsorkin/status/1595517635441090565 
https://twitter.com/WSBChairman/status/1595512773177446412 
https://twitter.com/MattWalshInBos/status/1596130827733188608 
https://twitter.com/elonmusk/status/1595591868275826688 
33:50 Grants to Media
https://twitter.com/teddyschleifer/status/1591191408589017088 
https://www.coinage.media/ 
https://www.youtube.com/watch?v=5g9ycHS0xtU 
https://techcrunch.com/2022/07/27/ftx-ceo-leads-trustless-medias-seed-round-to-help-build-community-owned-web3-shows/ 
41:00 Balaji Thread
https://twitter.com/balajis/status/1592661466012061696 
50:45 Political Donations
https://freebeacon.com/biden-administration/beleaguered-crypto-billionaire-was-hobnobbing-at-white-house-just-six-months-ago/ 
https://www.livemint.com/market/cryptocurrency/sam-bankman-fried-ftx-team-among-top-political-donors-before-bankruptcy-11669031663161.html 
https://twitter.com/dankeeler/status/1519780887893790724 
https://www.bloomberg.com/news/articles/2022-11-25/ftx-mcconnell-bankman-fried-super-pac-donation 
https://www.nytimes.com/2022/11/22/business/ftx-sam-bankman-fried-influence.html 
51:47 Returning Money
https://www.texastribune.org/2022/11/29/beto-orourke-sam-bankman-fried-ftx/ 
52:40 ON THE GROUND BAHAMAS CORRESPONDENT
55:25 Psychology Autopsy
https://www.nytimes.com/2022/11/15/technology/ftx-sam-bankman-fried-psychiatrist.html 
1:05:45 Why Isn't Sam Bankman-Fried in Jail?
1:14:30 Closing & Disclaimers

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
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2nd Week of November

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⚡️FUEL | THE MODULAR EXECUTION LAYER
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Timestamps:
0:00 Intro
4:29 BTC Price
5:50 ETH Price
6:10 ETH/BTC
6:33 Total Crypto Market Cap

7:43 ECONOMY
7:50 Inflation drops to 7.7% from 8.2% in September
https://twitter.com/WatcherGuru/status/1590698393260609536 
8:15 CPI Chart
https://www.nytimes.com/live/2022/11/10/business/inflation-cpi-report 
10:08 U.S. Election
12:10 Layoff SZN

14:20 UltraSoundMoney - 5000 ETH Burnt
https://ultrasound.money/ 

21:58 Surreal week….
https://twitter.com/RyanSAdams/status/1590474030263730176 
https://twitter.com/SBF_FTX/status/1590709200665333762 
https://unusualwhales.com/news/ftx-faces-liquidity-shortfall-of-up-to-8-billion-sam-bankman-fried-told-investors 
https://www.wsj.com/articles/ftx-tapped-into-customer-accounts-to-fund-risky-bets-setting-up-its-downfall-11668093732 
https://www.coindesk.com/business/2022/11/09/sam-bankman-fried-no-longer-a-billionaire-after-146b-overnight-wipe-out/ 
39:30 Tether freezes FTX USDT
https://twitter.com/Pentosh1/status/1590711432378621952 
40:18 Gensler and the SEC
https://twitter.com/colinwilhelm/status/1590694062490734593 
41:00 Captain hindsight
https://twitter.com/collins_belton/status/1590686389511028737 
42:25 Tom Emmer
https://twitter.com/RepTomEmmer/status/1590717374801809409 
44:25 Brian Armstrong take & ratio’ing sen warren
https://twitter.com/brian_armstrong/status/1590511022104010753 
45:45 Dogetoshi
https://twitter.com/Dogetoshi/status/1590736426068766721 
46:20 Larry
https://twitter.com/lawmaster/status/1590750976298090496 
47:00 Employee chatter
https://twitter.com/tackettzane/status/1590541872212357120 
52:20 THIS KEEPS HAPPENING
https://twitter.com/RichardHeartWin/status/1590689840068448257 

1:04:36 ETH
1:04:40 New Ethereum Roadmap
https://twitter.com/VitalikButerin/status/1588669782471368704 

1:06:30 NFTs
1:06:35 OpenSea Royalties
https://www.theblock.co/post/183518/opensea-creates-tool-to-help-nft-collections-enforce-royalties-on-chain 
1:07:50 Peaster take
https://metaversal.banklesshq.com/p/the-future-of-nft-royalties 
1:08:05 SuperRare RarePass
https://twitter.com/SuperRare/status/1588173906241736704 
https://twitter.com/BanklessHQ/status/1589641261685915650 

1:08:50 Regulation
1:11:45 SEC subpoena HEX influencers
https://cointelegraph.com/news/sec-issues-subpoena-to-influencers-promoting-hex-pulsechain-and-pulsex 
1:13:18 While all this was happening…LBRY ruling takes
https://twitter.com/lbrycom/status/1589645453091827712 
https://twitter.com/lex_node/status/1589655558029643777 
https://twitter.com/lbrycom/status/1589718365924634624 

1:15:45 Misc
Polkadot’s Native Token DOT
https://twitter.com/Web3foundation/status/1588593793519210497 
1:18:00 UK Bank Santander NGMI
https://decrypt.co/113702/uk-bank-santander-will-block-payments-to-crypto-exchanges 

1:18:19 Releases
Zerion to take on MetaMask
https://www.theblock.co/post/183304/zerion-prepares-to-take-on-metamask-with-in-browser-wallet 

1:19:05 Raises
WalletConnect - $12.5M
https://twitter.com/WalletConnect/status/1588154492465418240 

1:19:20 JOBS
https://pallet.xyz/list/bankless/jobs 
Be like Tim
https://twitter.com/timgarth/status/1588269857920925705 

1:24:34 TAKES
Future of Crypto
https://twitter.com/HHorsley/status/1590463556902096897 
Worst events in crypto history
https://twitter.com/thedefiedge/status/1590131252056756226 
No one wants to hear it
https://twitter.com/TrustlessState/status/1590760792877862913 
Thanks Gary
https://twitter.com/TrustlessState/status/1590721196957761537 

1:36:44 MEME of the Week
https://twitter.com/BanklessHQ/status/1590447780132450306 

1:37:20 Moment of Zen
https://twitter.com/netcapgirl/status/1590431481385857024