18: They Lost Everything: How the Terra Crypto Crash Ruined Lives Around the World (w/ Leo Schwartz)

June 10, 2022 01:13:25
18: They Lost Everything: How the Terra Crypto Crash Ruined Lives Around the World (w/ Leo Schwartz)
Scam Economy
18: They Lost Everything: How the Terra Crypto Crash Ruined Lives Around the World (w/ Leo Schwartz)

Jun 10 2022 | 01:13:25

/

Show Notes

Leo Schwartz, reporter at Rest of World, joins Scam Economy with Matt Binder to discuss his recent piece interviewing people from around the world who had invested in the stablecoin Terra and lost everything they had in the crash. We also discuss the predatory nature of crypto and DeFi, why people in countries like Argentina, Iran, and Nigeria invest in crypto, how the industry preys on the most economically vulnerable, and more! Check out Leo's pieces that we discuss on the show: 1) https://restofworld.org/2022/argentina-nigeria-terra-crash/ 2) https://restofworld.org/2022/crash-crypto-hodling-bitfinex-ardoino/ 3) https://restofworld.org/2021/insiders-and-experts-are-driving-a-massive-spike-in-crypto-transactions-new-data-shows/ Visit: ScamEconomy.com Support the show: http://www.patreon.com/mattbinder

Other Episodes

Episode

May 09, 2023 01:17:56
Episode Cover

50: Elon Musk and the Twitter Blue (Check)Mark of Shame

It's a DOOMED / Scam Economy crossover episode! Host Matt Binder breaks down what he's been so busy with over the past few weeks:...

Listen

Episode

December 22, 2022 01:11:37
Episode Cover

42: From Sam Bankman-Fried to Sam Bankman-Jailed: The FTX Saga Continues (w/ Molly White)

Molly White, creator of Web3 is Going Great, joins Scam Economy with Matt Binder to discuss a week jam-packed with FTX and SBF news....

Listen

Episode

January 26, 2023 01:30:39
Episode Cover

44: Genesis, Gemini, and the Winklevi (w/ Ed Zitron)

Ed Zitron joins Scam Economy with Matt Binder to discuss Gemini Earn, the latest crypto lending program to go under and screw over customers....

Listen