Description
In this episode of UpOnly, Cobie & Ledger talk the rapid downfall of FTX and acquisition announcement by Binance. We're joined by the CEO of Wintermute, Jim Talbot, Gainzy, Do Kwon, and Martin Shkreli.
00:00 - Intro
02:40 - FTX and FTT blowup / Alameda
18:00 - Insolvency / How could this have happened? / FTT as Collateral
29:30 - Evgeny Gaevoy joins / How intertwined were FTX and Alameda?
34:40 - Jim Talbot joins / More Speculation
46:20 - How does this keep happening? / How big is the liquidity shortfall?
54:00 - Could a new player emerge? / Sam Trabucco
59:15 - Solana / Can FTX come out of this? / Jim’s trades
1:12:20 - Do Kwon joins / LUNA collapse and aftermath
1:37:10 - Martin Shkreli joins, and shares his thoughts
1:44:50 - Was FTX using customer funds? / Potential legal ramifications for SBF
1:54:35 - Coordinated prosecutions / Legal fallout
1:59:40 - Ethics in Investing / Where is the ethical boundary?
2:06:13 - Who else could be impacted? / Lenders and Investors
2:10:00 - Gainzy joins / Catalyzing the bank run
2:27:40 - FTX Audit / Proof of Reserves / Borrowing Money / Jim Cramer