40: BlockFi BankruptcyFi: A Bizarre FTX "Bailout" Story (w/ Nikhilesh De of CoinDesk)

December 05, 2022 01:07:56
40: BlockFi BankruptcyFi: A Bizarre FTX "Bailout" Story (w/ Nikhilesh De of CoinDesk)
Scam Economy
40: BlockFi BankruptcyFi: A Bizarre FTX "Bailout" Story (w/ Nikhilesh De of CoinDesk)

Dec 05 2022 | 01:07:56

/

Show Notes

Nikhilesh De of CoinDesk joins Scam Economy with Matt Binder to break down the fall of another crypto lending company, BlockFi. This one has a twist though. BlockFi was actually bailed out by Sam Bankman-Friend of FTX this year when it first failed...and then things get interesting. BlockFi failed yet again and filed for bankruptcy after FTX's own bankruptcy. Nik breaks down what BlockFi did, where things went wrong, the dealings it had with FTX, and what's going on now. Plus! Nik and Matt discuss the latest on FTX and Sam Bankman-Fried's odd series of interviews and more! Visit: ScamEconomy.com Support the show: http://www.patreon.com/mattbinder Discussed in the episode: https://www.coindesk.com/policy/2022/11/28/ftx-fallout-continues-as-crypto-lender-blockfi-declares-bankruptcy/ https://twitter.com/FounderFlori/status/1590030306978848768 https://twitter.com/BlockFi/status/1590875997351866368 https://www.bloomberg.com/news/articles/2022-11-28/blockfi-says-it-owes-the-sec-30-million-in-bankruptcy-filing

Other Episodes

Episode

July 07, 2023 01:02:36
Episode Cover

53: Meta Launches Threads by Instagram as Elon Musk Wrecks Twitter

The battle between Elon Musk and Mark Zuckerberg officially began on Wednesday, July 5th as Meta launched Threads by Instagram, it's Twitter competitor app....

Listen

Episode

October 31, 2022 02:05:20
Episode Cover

36: Inside Yuga Labs: Bored Ape Yacht Club Behind-the-Scenes (w/ Yasmin Gagne and Connie Lin)

Fast Company's Yasmin Gagne & Connie Lin join Scam Economy to discuss their latest piece: a sit-down with Yuga Labs to discuss the history...

Listen

Episode

June 17, 2022 01:09:53
Episode Cover

19: Crypto Jenga Tower Collapse: Celsius & the Crypto Time Bombs (w/ David Gerard & Amy Castor)

Crypto critics David Gerard & Amy Castor join Matt Binder on Scam Economy to talk about the "Jenga stack of interconnected time bombs" that...

Listen