BREAKDOWN: Sam Bankman Fraud: Inside the Collapse of FTX’s Hollow Empire

BREAKDOWN: Sam Bankman Fraud: Inside the Collapse of FTX’s Hollow Empire

An FTX insider on what it felt like to watch the destruction and unfolding betrayal. As NLW said on each day’s show, “in addition to them being a sponsor of the show, I also work with FTX.” On today’s show, NLW gives an insider’s view of the timeline, from the beginnings of trouble as the crypto community turned on Sam Bankman-Fried for his role in shaping industry regulations to the chaotic week that saw FTX go from high flyer to bankrupt. Along the way, [NLW] shares how he and other FTX employees felt as they realized that they, along with the rest of the crypto industry, had been duped, lied to and defrauded. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and Eleanor Pahl, and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Danny Nelson/CoinDesk, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Jaksot(4126)

Nearly $114M of Bitcoin Lost in Continued Coldcard Attacks | CoinDesk Daily

Nearly $114M of Bitcoin Lost in Continued Coldcard Attacks | CoinDesk Daily

Coldcard wallet losses may near $114 million. A flaw in how Coldcard hardware wallets generated their keys let an attacker sweep roughly 594 bitcoin — about $38 million — from around 500 wallets in j...

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The Flaw That Drained $38M in Bitcoin in 25 Minutes | CoinDesk Daily

The Flaw That Drained $38M in Bitcoin in 25 Minutes | CoinDesk Daily

594 Bitcoin gone. A flaw in how Coldcard hardware wallets generated their keys let an attacker sweep roughly 594 bitcoin — about $38 million — from around 500 wallets in just 25 minutes. The bug trac...

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Could Wisconsin Strip Your Voting Rights for Using Prediction Markets?

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On CoinDesk's The Policy Protocol, Renato Mariotti is joined by guest host Ari Redbord, Global Head of Policy at TRM Labs, for a conversation on the politics of the CLARITY Act, the state-vs-federal f...

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Zcash Sealed $1.7B – Here's Everything You Need to Know | Markets Outlook

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Zcash activated its Ironwood upgrade, sealing roughly $1.7 billion in ZEC behind a one-way turnstile after a researcher found a flaw that could have minted counterfeit coins. Here’s everything you nee...

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Telegram Hit With Terror Cases in Two Continents | CoinDesk Daily

Telegram Hit With Terror Cases in Two Continents | CoinDesk Daily

Telegram faces terror-related case in Australia. Australian regulators are taking Telegram to court over its alleged failure to remove terror-related content, with a fine of up to $38 million on the ...

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RealFi Wants to Put Your Idle Stablecoins to Work

RealFi Wants to Put Your Idle Stablecoins to Work

RealFi CEO John O'Connor joins CoinDesk's Sam Ewen to explain how his platform is reimagining the stablecoin model, replacing reflexive DeFi yield with real-world fixed income assets, and giving holde...

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Robinhood Is Changing the Rules of Investing

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Johann Kerbrat, SVP and GM of Crypto at Robinhood, breaks down why Robinhood built its own blockchain and what it unlocks for the tens of millions of retail investors already on the platform. From Rob...

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BNY Moves $8.6 Trillion Fund Business Onchain | CoinDesk Daily

BNY Moves $8.6 Trillion Fund Business Onchain | CoinDesk Daily

BNY's $8.6T move onchain. BNY is bringing its transfer agency business — which services about $8.6 trillion across 7.6 million accounts — onto the blockchain, with Baillie Gifford, BlackRock and Drey...

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