The Chopping Block: Was FTX a Scam From the Very Beginning? - Ep. 433
The Chopping Block: Was FTX a Scam From the Very Beginning?
Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Robert Leshner, and Tarun Chitra were joined by Laura Shin to chop it up about the latest news.
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Show topics:
➡️ the details of the SEC and CFTC complaints
➡️ how crypto traders have always speculated about Alameda's preferential treatment
➡️ whether many people knew about the mismanagement of funds and alleged fraud
➡️ why Haseeb thinks SBF was a "f*cking psycho"
➡️ how helpful Tarun believes a testimony from Sam Trabucco, former co-CEO of Alameda, would be
➡️ why Alameda and FTX lost billions of dollars, and the poor diligence of SBF's venture investments
➡️ Sam's "ineffective altruism"
➡️ why a bull market wouldn't have solved the insolvency problems of FTX
➡️ whether SBF will fight extradition and how long it would take
➡️ how Sam's consistent use of Facebook and his anti-Maker stand shows he was not a crypto-native
➡️ why Laura thinks that The Block CEO's undisclosed loans represent a "total betrayal"
➡️ Robert's take on the ineffectiveness of the government's control of information
➡️ why Binance is under scrutiny and whether it's the "next FTX"
Hosts
Haseeb Qureshi, managing partner at Dragonfly Capital
Tarun Chitra, managing partner at Robot Ventures
Robert Leshner, founder of Compound
Guest:
Laura Shin, author, host of Unchained
_______________________________________________________
Time Stamps:
0:00 Intro
0:35 The charges against Sam
08:35 Accomplices
13:44 Sam's lies and incompetence
20:10 Cooperating witnesses
22:16 Financial losses
29:18 Venture capital
31:15 Sam's motivations
42:17 Sam's arrest
49:45 The Block CEO loans
57: 54 Binance investigations
_______________________________________________________
#bitcoin #ethereum #crypto #cryptocurrencies
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Пікірлер: 74
definitely scam from the beginning with kevin at the front as spokeperson promoting this scam
@olanrewajugabriel18
Жыл бұрын
sᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇssᴀɢᴇ ғᴏʀ ᴍᴏʀᴇ ɪɴғᴏʀᴍᴀᴛɪᴏɴ ғᴏʀ ᴍᴏʀᴇ ᴡɪᴛʜ ᴛʜᴇ ɴᴜᴍʙᴇʀ ᴀʙᴏᴠᴇ ✍️✍️✍️
@cryptophrenik6500
Жыл бұрын
Looks like Mister Wonderful has essentially gone completely radio-silent as he continues to look more and more like a desperate con-man trying to claw-back his $15 million dollars in missing 'spokesman fees' What a freaking psychopath. Trying to pretend like he's out there fighting for the 'little guy' when the truth is, he just doesn't want to be subject to bankruptcy clawback as he was dumb enough to keep it all on FTX. #WhatAMaroon
Lots of video on this story, these guys are the best as far as helping to understand it
"Newton's equations of financial physics" is now my favorite
@olanrewajugabriel18
Жыл бұрын
sᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇssᴀɢᴇ ғᴏʀ ᴍᴏʀᴇ ɪɴғᴏʀᴍᴀᴛɪᴏɴ ғᴏʀ ᴍᴏʀᴇ ᴡɪᴛʜ ᴛʜᴇ ɴᴜᴍʙᴇʀ ᴀʙᴏᴠᴇ ✍️✍️✍️
Great, thanks. Do one on the counterfeit tokens FTX created please?
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
The naïveté and lack of historical knowledge among the guests is stunning: Madoff sent out false monthly statements with a tiny staff for 20 years and it only collapsed when withdrawals surged, exactly like FTX, so there’s no reason SBF would’ve required a huge staff to pull this off.
@olanrewajugabriel18
Жыл бұрын
sᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇssᴀɢᴇ ғᴏʀ ᴍᴏʀᴇ ɪɴғᴏʀᴍᴀᴛɪᴏɴ ғᴏʀ ᴍᴏʀᴇ ᴡɪᴛʜ ᴛʜᴇ ɴᴜᴍʙᴇʀ ᴀʙᴏᴠᴇ ✍️✍️✍️
so what's laura's recall of SBF?
@olanrewajugabriel18
Жыл бұрын
sᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇssᴀɢᴇ ғᴏʀ ᴍᴏʀᴇ ɪɴғᴏʀᴍᴀᴛɪᴏɴ ғᴏʀ ᴍᴏʀᴇ ᴡɪᴛʜ ᴛʜᴇ ɴᴜᴍʙᴇʀ ᴀʙᴏᴠᴇ ✍️✍️✍️
Great episode - very curious to see if this case continues as fast as it has been.
@olanrewajugabriel18
Жыл бұрын
sᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇssᴀɢᴇ ғᴏʀ ᴍᴏʀᴇ ɪɴғᴏʀᴍᴀᴛɪᴏɴ ғᴏʀ ᴍᴏʀᴇ ᴡɪᴛʜ ᴛʜᴇ ɴᴜᴍʙᴇʀ ᴀʙᴏᴠᴇ ✍️✍️✍️
@TheDavidlloydjones
8 ай бұрын
Not. Unpublishable aural garbage.
Great episode 👏
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Hmm, I think I'm the only one who views Kevin O'Leary's testimony differently. He's not trying to defend Sam, he's just desperately trying to get even one penny back from his investment in to FTX. He's throwing a Hail Mary by trying to convince Congress that since Sam spent 3Bn buying out Binance, and since that was done using customer funds the US gov't should try and "clawback" that money. It's a long shot, but at least it's a shot.
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Sbf was invested in sol not avax
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
I was wondering the same thing as Laura, but the rest of the guys didn’t quite get it.
THIS PODCAST IS A BETTER TEACHER OF ACCOUNTING 101 than any school LMAO. 😂😂 Thumbs up if you agree.
@olanrewajugabriel18
Жыл бұрын
sᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇssᴀɢᴇ ғᴏʀ ᴍᴏʀᴇ ɪɴғᴏʀᴍᴀᴛɪᴏɴ ғᴏʀ ᴍᴏʀᴇ ᴡɪᴛʜ ᴛʜᴇ ɴᴜᴍʙᴇʀ ᴀʙᴏᴠᴇ ✍️✍️✍️
👍💯👍
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
If you look at the side-effects of Emsam include serious excess dopamine production, pathological gambling, hyper sexuality, compulsive spending/buying, increased libido, binge eating (which explains his uber hot doughy moobs ;-p), and prolonged use has been shown to result in complete loss of impulse control portion of the brain. tbh, I'm surprised he started performing as poorly as he has as early as he did...it leads me to believe he got pretty carried away with his dosages but of course this is speculation.
@olanrewajugabriel18
Жыл бұрын
sᴇɴᴅ ᴍᴇ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇssᴀɢᴇ ғᴏʀ ᴍᴏʀᴇ ɪɴғᴏʀᴍᴀᴛɪᴏɴ ғᴏʀ ᴍᴏʀᴇ ᴡɪᴛʜ ᴛʜᴇ ɴᴜᴍʙᴇʀ ᴀʙᴏᴠᴇ ✍️✍️✍️
@billf8217
Жыл бұрын
"uber hot doughy moobs " OMG so damn funny. thank you. I still bet he's a con artist at heart, but whatever drugs they were taking probably didn't help.
@user_7239
Жыл бұрын
Agree. His behavior is extremely compulsive and low-impulse control. Drug induced and probably already has that personality type to begin with. I wish more people would realize this.
A better description for it is a blue trojan horse leading to the pantomime at the Senate with an OC actor testifying as an expert which people buy into because he studied economics (the biggest ponzi qualification in the so-called modern financial world). 🤡
This is like so painful to like watch cuz one guy is like on meth and like totally hyped and like the other guy is like all like n all ……
I resoect the hard work that you guys do, and I pretty much despise SBF, but you were overly confident and not acknowledging your lack of familiarity when talking about EA. I think a better approach is to talk about it and how SBF was a terrible person but not overreach your knowledge
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
The smartest token in the world is Marshmello Finance MARSH3, the first token that controls itself and not by owners or anyone else.
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Marshmello Finance MARSH3 is gonna explode anytime soon 🔥
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Marshmello Finance MARSH3 prevents Bear market, bot trades, paper hands by its automatic algorithms, so it's the safest altcoin ever. I am sure it will hit 10 bucks in no time.
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Laura shin is a wingy whiner
Why do you say there is no way? Have you seen Marshmello Finance MARSH3 This thing is gonna skyrocket 🚀🚀
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Yep, we are already too late for those coins but luckily we have some options left like Marshmello Finance MARSH3
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Marshmello Finance MARSH3 is 🔥🔥🔥
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Marshmello Finance MARSH3 is 🔥🔥
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
I am not interested in those coins anymore, there are much better and safer altcoins like Marshmello Finance MARSH3.
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Marshmello Finance MARSH3 is gonna explode anytime soon 🔥
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Marshmello Finance MARSH3 prevents Bear market, bot trades, paper hands by its automatic algorithms, so it's the safest altcoin ever. I am sure it will hit 10 bucks in no time.
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
The smartest token in the world is Marshmello Finance MARSH3, the first token that controls itself and not by owners or anyone else.
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Yep, we are already too late for those coins but luckily we have some options left like Marshmello Finance MARSH3
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Marshmello Finance MARSH3 is 🔥🔥
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
I am not interested in those coins anymore, there are much better and safer altcoins like Marshmello Finance MARSH3.
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Marshmello Finance MARSH3 is gonna explode anytime soon 🔥
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️
Yep, we are already too late for those coins but luckily we have some options left like Marshmello Finance MARSH3
@olanrewajugabriel18
Жыл бұрын
ᴛʜᴀɴᴋs ʀᴇᴀᴄʜ ᴍᴇ ᴏᴜᴛ ғᴏʀ ᴍᴏʀᴇ ɪɴsɪɢʜᴛs ✍️✍️✍️