The Chopping Block: Crypto’s Worst Week? Bybit Hack, Libra Scandal, & The Memecoin Reckoning - Ep. 788
Unchained23 Feb 2025

The Chopping Block: Crypto’s Worst Week? Bybit Hack, Libra Scandal, & The Memecoin Reckoning - Ep. 788

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner break down the biggest stories in crypto. This week: Bybit’s $1.5B hack, likely by North Korea’s Lazarus Group, and the Libra scandal, where Hayden Davis exposes the memecoin playbook. Meanwhile, Dave Portnoy rugs Greed and Greed 2, Kanye’s YZY token leaks, and the LA Vape Cabal collapses. But crypto markets hold strong, and the SEC just dropped its lawsuit against Coinbase. Is this the end of the memecoin era? We break it all down. Show highlights 🔹 Bybit’s $1.5B Hack – Largest crypto hack in history, linked to North Korea’s Lazarus Group. CEO Ben Zhou handled it masterfully, securing a bridge loan to cover outflows. 🔹 Hayden Davis & the Memecoin Playbook – Argentina’s Libra token scandal exposed the insider trading behind celeb-backed coins. Hayden Davis spills the playbook on Coffeezilla. 🔹 Portnoy’s Pump & Dump – Barstool’s Dave Portnoy rugs his own followers with Greed and Greed 2, then mocks them. 🔹 The Memecoin Bubble is Popping – Sentiment shift: retail realizes the game is rigged. Memecoins may finally be out of steam. 🔹 Kanye’s YZY Coin? – West’s team accidentally leaks a memecoin plan. Will it even launch, or is it DOA after the Libra scandal? 🔹 The LA Vape Cabal Collapses – Once a driving force in memecoins, this underground group falls apart after links to Kelsier Ventures are exposed. 🔹 Regulatory Winds Shift – SEC drops its lawsuit against Coinbase. Crypto enforcement pivots from good actors to actual fraud. 🔹 Crypto Holds Up – Despite chaos, the market remains resilient. Infrastructure tokens are seeing renewed interest. Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Robert Leshner, CEO & Co-founder of Superstate ⭐️Tarun Chitra, Managing Partner at Robot Ventures ⭐️Tom Schmidt, General Partner at Dragonfly Disclosures Timestamps 00:00 Intro 01:41 The Largest Crypto Hack in History 03:03 Bybit's Response and Industry Reactions 04:51 North Korea's Involvement and the Aftermath 18:06 Hayden Davis & LIBRA 30:50 Meteora & the Solana Universe 33:34 Downfall of Memecoins 39:58 Hypocrisy of Celeb Coins 47:00 Regulatory Changes and the Future of Crypto Learn more about your ad choices. Visit megaphone.fm/adchoices

Avsnitt(1088)

Why It's Easy to Pitch TradFi on Ethereum: 'It's the Only Game in Town'

Why It's Easy to Pitch TradFi on Ethereum: 'It's the Only Game in Town'

Joseph Chalom and Danny Ryan discuss the institutional outlook on Ethereum and why it is “the only game in town.” Bits + Bips is spreading its wings Starting soon, new episodes will only be publishe...

7 Mars 54min

Uneasy Money: Why the Aave DAO Collapse Could Be Good for Aave

Uneasy Money: Why the Aave DAO Collapse Could Be Good for Aave

The Aave DAO collapsed — but might that be good for Aave? (But bad for the token?) Plus, how the feud between the U.S. government and Anthropic helped the AI company. Thank you to our sponsors! ...

6 Mars 1h 15min

Is the Bitcoin Bottom In? Why the Outlook for Real Rates Is in Its Favor

Is the Bitcoin Bottom In? Why the Outlook for Real Rates Is in Its Favor

Analysts Will Clemente, Joe Vezzani and Marcus Wu share their Bitcoin outlook amidst war. Plus, Will shares his thesis on Gen Z’s future, and Marcus previews his Bitcoin game theory model. Thank yo...

6 Mars 1h 8min

DEX in the City: How Prediction Markets Pose a National Security Risk

DEX in the City: How Prediction Markets Pose a National Security Risk

The crew discusses whether prediction markets enable “Bloomberg terminal espionage,,” wonder how to regulate markets that could be on anything, dive into why the OCC is saying no to stablecoin yield a...

5 Mars 53min

The Chopping Block: Has Crypto Lost Its Soul? Cypherpunk Nostalgia, Prediction Markets, & Permissionless Perps

The Chopping Block: Has Crypto Lost Its Soul? Cypherpunk Nostalgia, Prediction Markets, & Permissionless Perps

Crypto’s vibe check time: Jez (izebel_eth) joins the crew to dissect whether idealism is RIP, if cypherpunks should abandon hope, how Memecoins and asset mayhem changed the game, why prediction market...

5 Mars 59min

Why Crypto Has a Good Long-Term Setup Right Now: Bits + Bips

Why Crypto Has a Good Long-Term Setup Right Now: Bits + Bips

A major war broke out in the Middle East, but Bitcoin didn’t break. One veteran investor says that price action reveals something important about where crypto stands today. --- Bits + Bips is spread...

4 Mars 56min

Bits + Bips: Is Crypto the Only Asset That Works When Geopolitics Breaks Down?

Bits + Bips: Is Crypto the Only Asset That Works When Geopolitics Breaks Down?

US and Israeli strikes killed Iran's Supreme Leader and initially rattled markets. But does the subsequent market calm reflect genuine resilience or a dangerous underpricing of what comes next? --- ...

4 Mars 58min

Bits + Bips: What Happens to Markets Now That the U.S. Has Struck Iran?

Bits + Bips: What Happens to Markets Now That the U.S. Has Struck Iran?

A former Clinton and Biden foreign policy advisor saw it before it happened. Now the question is what investors do next. Hours after this episode was recorded, the United States and Israel launched...

2 Mars 41min

Populärt inom Politik & nyheter

aftonbladet-krim
svenska-fall
rss-krimstad
fordomspodden
p3-krim
blenda-2
flashback-forever
motiv
aftonbladet-daily
rss-sanning-konsekvens
olyckan-inifran
spar
svd-ledarredaktionen
rss-vad-fan-hande
grans
dagens-eko
krimmagasinet
politiken
rss-frandfors-horna
spotlight