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History Lesson: the Podcast that led to the downfall of SBF

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by COINS NEWS 94 Views

On October 28, 2022, SBF was eviscerated in a podcast debate with Erik Voorhees. This is an absolute MUST-WATCH for those who want to see how SBF was lobbying to kill DEFI before the fall of FTX. At the time of this podcast, SBF knew FTX was down $8B.

https://www.youtube.com/watch?v=Ytaa_5liwMA or in Podcast form, search the Bankless Podcast, SBF vs Erik Voorhees.

There are a couple of audio glitches in the podcast, but for those short on time, skip to 2:01:55 for the closing arguments. If you don't understand a single thing SBF is saying, that's basically how he was through the whole podcast.

Notable Timestamp at 21:10 on crypto regulation by SBF, "As far as we could tell, we could find one other company in the world that was more regulated than us... It's not just that we're regulated with 50 state regulators and 5 federal regulators. We're also regulated in like 200 countries."

On November 2, 2022, Coindesk leaks Alameda Balance Sheet with an alarming $6B in FTT, which is your friendly reminder to not buy/hold exchange tokens.

On November 6, 2022, CZ announces Binance to liquidate all of its FTT.

On November 7, 2022, SBF announced on Twitter, "FTX is fine. Assets are fine." Over the next two days BTC would fall 27%, marking the lowest low of the bear market. Binance backs out of acquiring FTX on 11/9.

On November 11, 2022, FTX declares bankruptcy

submitted by /u/99Beers
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