This Week in Crypto: SBF Arrested
Bloomberg Crypto16 Des 2022

This Week in Crypto: SBF Arrested

Just a mere month ago, disgraced former FTX CEO Sam Bankman-Fried was the undisputed king of the digital asset industry. Now the 30-year-old is under arrest, facing criminal charges from the U.S. The Department of Justice, and civil charges from the Securities and Exchange Commission and the Commodity Futures Trading Commission. FTX has declared bankruptcy, and almost a million FTX creditors are unlikely to get their money back.

Meanwhile contagion continues to spread through the ecosystem, with all eyes on crypto exchange Binance, that’s faced more than $1 billion in withdrawals in recent days. And some market watchers fear the stablecoin Tether could be the next crypto domino to fall.

Bloomberg crypto editor Anna Irrera and Bloomberg reporter Misyrlena Egkolfopoulo join the show.

Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter

See omnystudio.com/listener for privacy information.

Episoder(223)

Bonus: The Crypto Story by Matt Levine - Part 7

Bonus: The Crypto Story by Matt Levine - Part 7

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This Week In Crypto

This Week In Crypto

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or  Spotify. The Sam Bankman-Fried apology tour continued this week, despite a number of high-profile lawyers — including one who repr...

9 Des 202218min

Current Groupthink of the Crypto Faithful

Current Groupthink of the Crypto Faithful

Financial markets can be subject to a fair amount of groupthink. The herd effect. Mob mentality, even. There’s actually some really interesting research into this: check out for example the paper, “Bu...

8 Des 202219min

The Vanishing of SBF’s  ‘Effective Altruism”

The Vanishing of SBF’s ‘Effective Altruism”

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or  Spotify. Sam Bankman-Fried used to say he was a man on a mission. That mission: giving away more than a billion dollars in the ser...

7 Des 202217min

What Are Crypto Diehards Rebuilding After FTX’s Fall?

What Are Crypto Diehards Rebuilding After FTX’s Fall?

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or  Spotify. “It’s time to rebuild…” is a catchy phrase often said by crypto industry folks after massive implosions, like the one we ...

6 Des 202219min

What Does Political Giving Look Like Post-FTX?

What Does Political Giving Look Like Post-FTX?

The interplay of money and politics in the US is real, and well established. And that includes when that money is either in the form of crypto, or comes from people who made their fortunes in digital ...

5 Des 202217min

Bonus: The Crypto Story by Matt Levine - Part 6

Bonus: The Crypto Story by Matt Levine - Part 6

Listen to the sixth audio excerpt from a special issue of Businessweek magazine, The Crypto Story. Bloomberg columnist Matt Levine uses the full issue to explain where crypto came from, what it means ...

4 Des 202254min

This Week in Crypto: BlockFi Bankruptcy

This Week in Crypto: BlockFi Bankruptcy

The apples are falling from the crypto tree, one by one. The contagion is happening. This week was BlockFi filed for bankruptcy. Also, crypto hedge funds are losing faith in centralized exchanges. In ...

2 Des 202217min

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