EMERGENCY POD: FTX sells to Binance with Vinny Lingham and Sunny Madra | E1607 - podcast episode cover

EMERGENCY POD: FTX sells to Binance with Vinny Lingham and Sunny Madra | E1607

Nov 08, 202251 min
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Episode description

Vinny and Sunny join the show to cover all the angles of Sam Bankman-Fried selling FTX to Binance after a liquidity crunch! (0:54)

(0:00) Intro!

(0:54) Vinny Lingham and Sunny Madra join to break down SBF selling FTX to Binance after a liquidity crunch!

(13:36) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST

(15:04) Comparing FTX's bank run to traditional finance, understanding leverage, culture of: make money first, clean up later, Vinny's theory on Alameda's locked Solana

(23:24) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist

(24:35) Three areas of crypto, understanding where FTX and FTT fall in this, risks of centralized exchanges

(32:01) How this might impact broader crypto regulation, Bitcoin decoupling from the greater crypto market

(37:33) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

(38:57) Understanding what happened to Binance's FTT: Who is the bag holder? How might this unravel going forward?

(42:55) FTX fundraising breakdown: could this situation break the crypto VC model?

FOLLOW Vinny: https://twitter.com/VinnyLingham

FOLLOW Sunny: https://twitter.com/sundeep

FOLLOW Jason: https://linktr.ee/calacanis

FOLLOW Molly: https://twitter.com/mollywood

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