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

September 09, 2022 00:49:26
Episode Cover

29: Binance and the Mystery of Who is Guangying Chen? (w/ Jacob Silverman)

Journalist Jacob Silverman joins Scam Economy with Matt Binder to discuss one of the biggest mysteries surrounding the world's largest cryptocurrency exchange...who is Guangying...

Listen

Episode

April 05, 2022 00:24:24
Episode Cover

Axie Infinity, Indentured Servitude (Scam Economy Hotline LIVE Post Show Teaser Clip)

It's a BONUS teaser clip from the Scam Economy Hotline LIVE Post Show #9! In this clip, listener John from Australia calls in to...

Listen

Episode

November 08, 2023 01:33:51
Episode Cover

55: Sam Bankman-Fried Guilty!: The FTX Fraud Trial (w/ Molly White)

Molly White of Web3 is Going Great joins Scam Economy with Matt Binder to discuss the Sam Bankman-Fried trial. Molly brings us her first...

Listen