ftx controversy

By now you’ve heard that the trial of Sam Bankman-Fried is over. What was the verdict for the founder of the bankrupt cryptocurrency exchange FTX? Guilty on all seven charges, including fraud, money laundering and campaign finance law violations. Bankman-Fried will be sentenced in the spring. So how is the world of bitcoin and the blockchain faring now that it’s most famous ambassador will likely end up behind bars? Marketplace’s Matt Levin spoke with Laura Shin, a journalist who covers crypto and host of the podcast “Unchained,” about how people in the cryptocurrency world have been reacting to the SBF trial and what crypto enthusiasts are choosing to focus on next.

1st Week of December 2022

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Topics Covered:

0:00 Intro

5:00 MARKETS

7:15 Bottom Signals
BTC Miners - https://twitter.com/JMellerud/status/1597982600026812417 
BTC Selling - https://twitter.com/WClementeIII/status/1597335293669281794 
10:04 DCG is Fine
https://twitter.com/twobitidiot/status/1598020947558424577 
11:30 Everything Has Broken
https://twitter.com/PhilJBonello/status/1598030847197999104 

14:50 Layer 2 Fundamentals
Gas - https://twitter.com/mhonkasalo/status/1595184793687392258 
Arbitrum - https://twitter.com/alpha_pls/status/1596555331022327808 
Hop - https://twitter.com/HopProtocol/status/1598135808841904129 
GMX - https://twitter.com/Delphi_Digital/status/1597638205469523969 

17:40 Multicoin
https://twitter.com/TrustlessState/status/1589661220168425473 

25:00 SBF Interviews
Puff Piece - https://twitter.com/iamDCinvestor/status/1598101062623584257 
Dealbook - https://twitter.com/The_Real_Fly/status/1598094222829457409 
Sorry - https://twitter.com/greg_price11/status/1598076288371417090 
Lawyers - https://twitter.com/AutismCapital/status/1598081996659445761 

38:00 Good Morning America - https://twitter.com/ColdBloodShill/status/1598304365239943168 
44:55 Reactions
Bill Ackman - https://twitter.com/BillAckman/status/1598086237969338368 
Novo - https://twitter.com/SquawkCNBC/status/1598306172792078337 
Nic Carter - https://twitter.com/nic__carter/status/1598325930476331008 
Balaji - https://twitter.com/balajis/status/1598269526189088771 
Bloomberg - https://twitter.com/business/status/1597994892894117888 

48:52 BlockFi Chapter 11
https://www.businesswire.com/news/home/20221128005451/en/ 
Explainer - https://twitter.com/ayko2718/status/1597432454070956032 

55:10 MetaMask Privacy Policy
https://thedefiant.io/consensys-metamask-privacy-policy 
Lubin Statement - https://twitter.com/ethereumjoseph/status/1596198718339948552 
57:30 This is the Meta
https://twitter.com/danfinlay/status/1596205416089718790 

1:01:10 Bankless Acquires Earnifi
https://newsletter.banklesshq.com/publish/post/84722084 

1:07:00 Ethereum Infrastructure
Casa - https://twitter.com/CasaHODL/status/1597954403994021888 
Phantom Wallet - https://twitter.com/phantom/status/1597597365774749697 
Trader Joe - https://twitter.com/traderjoe_xyz/status/1598331093559681025 

1:09:25 Ethereum Censorship
https://twitter.com/hasufl/status/1598197501064249344 
1:11:00 Aave Pausing Markets
https://app.aave.com/governance/proposal/?proposalId=121 
1:12:00 Bankless Collectibles
https://market.bankless.com/
1:13:15 Cockpunch
https://twitter.com/cockpunch/status/1597691791842893824 
1:13:45 OpenSea Royalties
https://www.theblock.co/post/190900/opensea-nft-creators-earned-1-billion-royalties 
1:14:40 Telegram Wallets
https://twitter.com/ton_blockchain/status/1585675010970107905 
1:16:18 Fidelity Trading Accounts
https://www.kitco.com/news/2022-11-29/Fidelity-Crypto-is-a-go-4-5-trillion-firm-launches-retail-crypto-trading.html 
1:17:24 Proof of Reserves
https://twitter.com/binance/status/1596115656059109377 
1:18:28 Binance Recovery Fund
https://decrypt.co/115485/binance-eyes-1-billion-raise-crypto-recovery-fund-could-buy-ftx-assets 
1:19:10 Kraken Layoffs
https://twitter.com/BradyDale/status/1597990850096926720 
1:19:38 Uniswap NFT Aggregator
https://twitter.com/Uniswap/status/1597953698449494022 
1:20:40 Stripe Onramp
https://twitter.com/stripe/status/1598361957836279809 
1:21:13 Ledger Debit Card
https://blockworks.co/news/ledger-rolls-out-crypto-life-debit-card-across-uk-and-europe 

1:21:48 Jobs
https://pallet.xyz/list/bankless/jobs 

1:24:00 Questions from the Nation
https://twitter.com/TIME3dash/status/1598350634058600455 
1:26:05 Spotify Wrapped
https://twitter.com/banklesshq/status/1598066954878980096 
1:27:20 The Bankless GOAT 
https://twitter.com/thefakeshippy/status/1598064038243880961 
1:28:40 Bear Market Opportunities
https://twitter.com/Zeneca_33/status/1596218000205844481 
1:29:42 Governance Rights
https://twitter.com/VitalikButerin/status/1597570120456769536 
1:32:00 Ashes to Ashes
https://twitter.com/pythianism/status/1598059988290654208 

1:32:50 What David’s Bullish On
1:35:00 What Ryan’s Bullish On

1:37:40 MEME of the Week
https://twitter.com/amasad/status/1595879076136333312 

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Not financial or tax advice. See our investment disclosures here:
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3rd Week of November, 2022

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⚡️FUEL | THE MODULAR EXECUTION LAYER
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Topics Covered

0:00 Intro

3:30 MARKETS
5:30 Bitcoin Miners
https://twitter.com/caprioleio/status/1591024605640019968 
7:30 Burniske Calls Bottom
https://newsletter.banklesshq.com/p/5-reasons-this-could-be-the-crypto 
13:30 CeFi Ded
https://twitter.com/haydenzadams/status/1592188164218707969 

16:00 SBF
https://twitter.com/SBF_FTX/status/1593014949487730688 
23:20 Vox Interview
https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy 
27:45 Summary Thread
https://twitter.com/GRDecter/status/1593272102047580161 
31:05 Alameda Mentality
https://twitter.com/PetrifyTCG/status/1591802968940199936 
32:40 Company Slack
https://twitter.com/AutismCapital/status/1592563378408796165 

34:40 New FTX CEO
https://twitter.com/kadhim/status/1593222595390107649 
36:30 It’s Bad
https://twitter.com/Dogetoshi/status/1593233836867194880 

CONTAGION
38:20 Genesis
https://twitter.com/genesistrading/status/1590836594382032896 
39:00 Fallout
https://twitter.com/DylanLeClair_/status/1592960066293927937 
42:20 BlockFi
https://twitter.com/BlockFi/status/1590875997351866368 
43:30 FTX Bailout
https://twitter.com/autismcapital/status/1591569275642589184 
44:20 Other Fallout
Galois - https://twitter.com/autismcapital/status/1591302842639593473 
Multicoin - https://twitter.com/TheBlock__/status/1592169646568144897 
Circle Yield - https://blockworks.co/news/gemini-circle-genesis-exposure/ 
45:45 Lazy DD
https://twitter.com/fintechfrank/status/1591656860276457472 

LEGAL
47:10 Committee Hearing
https://twitter.com/WatcherGuru/status/1592901815481249792 
47:50 Lawsuit
https://www.reuters.com/legal/ftx-founder-bankman-fried-sued-us-court-over-yield-bearing-crypto-accounts-2022-11-16/ 

REACTIONS
48:44 Proof of Reserves
https://decrypt.co/114482/binance-be-guinea-pig-vitalik-buterins-proof-reserves-protocol-cz 

50:30 Mainstream Reporting
SBF Donator - https://twitter.com/ryaneshea/status/1592403915718656000 
Blaming CZ - https://twitter.com/ColdBloodShill/status/1591850165446791168
COVID - https://twitter.com/Crypto_McKenna/status/1593190965917126657 

55:30 Twitter Coverage
https://twitter.com/brian_armstrong/status/1592689928038912000 
Hsaka - https://twitter.com/HsakaTrades/status/1592947452478656512 

57:50 3AC Redemption Arc
Kyle - https://twitter.com/KyleLDavies/status/1591704172600397824 
Su - https://twitter.com/zhusu/status/1590189369834758144 
Bali - https://twitter.com/SquawkCNBC/status/1592880370344919042 

1:02:00 StarkNet Token
https://medium.com/starkware/starknet-token-is-deployed-on-ethereum-f27f0000b00c 
1:03:15 USDC Apple Pay
https://thedefiant.io/usdc-apple-pay 
1:03:38 Solana Deprioritized
https://www.theblock.co/post/187970/binance-halts-solana-usdc-usdt-deposits 

1:04:25 NFTs
Yuga Beeple - https://www.theblock.co/post/187970/binance-halts-solana-usdc-usdt-deposits 
Nike - https://www.coindesk.com/web3/2022/11/14/nike-sprints-into-web3-with-new-swoosh-platform/ 
Sony - https://www.ign.com/articles/sony-patent-for-nft-and-blockchain-technology-uncovered 
1:05:55 Bankless Podcast Collectibles
https://collectibles.bankless.com/ 

1:09:30 Cosmos ATOM 2.0
https://blockworks.co/news/no-with-veto-cosmos-community-rejects-atom-2-0-white-paper 
1:10:06 CBDC Trial
https://thedefiant.io/as-skeptics-dance-on-cryptos-grave-the-fed-and-big-banks-launch-digital-ledger-project 

1:10:30 Releases
DeFiLlama - https://defillama.com/aggregator 

Permissionless - https://newsletter.banklesshq.com/p/discount-to-permissionless-2022 

1:13:00 Matter Labs
https://thedefiant.io/layer-2s-defy-market-angst-as-matter-labs-raises-200m 
1:13:37 CZ Investing
https://twitter.com/cz_binance/status/1592894516457279488 

1:14:00 Jobs
https://pallet.xyz/list/bankless/jobs 

TAKES
1:16:00 The Only Path
https://twitter.com/jchervinsky/status/1591236973347627010 
1:17:30 Stay Vigilant
https://twitter.com/ErikVoorhees/status/1591151576680652800 
1:18:50 Free Wizards
https://twitter.com/cburniske/status/1591183041837559808 

1:20:05 What David’s Bullish On
https://imgur.com/v8C9UnF 
1:25:00 What Ryan’s Bullish On

1:26:50 MEME of the Week
https://twitter.com/sassal0x/status/1590865451420389376 

Moment of Zen
https://twitter.com/songadaymann/status/1592963492713492481 

———
Not financial advice. Do your own research.
https://www.bankless.com/disclosures 

Where were the adults? How did SBF manage to get away with so much (thus far)? We brought on Castle Island's Matt Walsh to explain.

We're pissed. How are you feeling?

Matt gives us a breath of fresh air as he outlines the timeline of the rest of the contagion, how long the healing process will take, what happens next, and how we rebuild this industry we've all come to know and love.

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BRAVE | THE BROWSER NATIVE WALLET
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LEDGER | NANO HARDWARE WALLETS
https://bankless.cc/Ledger 

️FUEL | THE MODULAR EXECUTION LAYER
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Timestamps:

0:00 Intro
4:52 We're Pissed
9:52 Alameda Leveraged Data
13:34 Why Did We Accept This?
15:19 Regulators & Regulation?
21:55 Where Did the Money Come From?
24:42 The Human Destruction
26:35 Who Can You Trust?
30:51 What Will Regulators Do?
35:35 Will the Contagion Continue?
38:42 BlockFi
40:44 What Caused This?
45:10 Ego
47:50 What Should We Do Going Forward?
56:26 Who & Where Are the Adults?
58:33 How Long to Heal?
1:02:05 Is the Worst Behind Us?
1:03:55 Closing & Disclaimers

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Resources:

Matt Walsh
https://twitter.com/MattWalshInBos 

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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:
https://www.bankless.com/disclosures 

This is the craziest moment we’ve experienced in crypto. So many things to unpack. But the biggest question remains… where do we go from here?

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 BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave 

 LEDGER | NANO HARDWARE WALLETS
https://bankless.cc/Ledger 

️FUEL | THE MODULAR EXECUTION LAYER
https://bankless.cc/Fuelpod 

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Topics Covered:
0:00 Intro
6:30 One Week Later
13:00 Changing Perspective
17:25 Shaking Faith
21:20 Losing Funds
22:25 Sponsorships
27:30 Cronies
30:15 Regulators
34:30 The Content Treadmill
37:30 Richard Heart
39:45 Community Vibes
44:30 Staying Optimistic
50:25 Reflections

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Resources:
Sam’s Weird Twitter Behavior
https://twitter.com/SBF_FTX/status/1592275869825134593 

Sam’s Penthouse
https://www.99.co/singapore/insider/cryptocurrency-ftx-ceo-sam-bankman-fried-sbf-bahamas-penthouse-sale-usd40m/ 

FTX Corporate Structure
https://twitter.com/Leishman/status/1591800851236282368 
-----
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:
https://www.bankless.com/disclosures