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 08, 2022 00:59:59
Episode Cover

22: Bon Voyager! Your Crypto Loan Cash is Gone (w/ Ed Zitron)

Yet another crypto lender, Voyager Digital, has frozen its customers' funds, pausing withdrawals, and just filed for bankruptcy. But this time, it's even more...

Listen

Episode

May 20, 2022 00:56:15
Episode Cover

16: How Wikipedia Cancelled Crypto (w/ Molly White)

Longtime Wikipedia editor and Web3 is Going Great creator Molly White joins Matt Binder on Scam Economy to discuss why Wikipedia stopped taking cryptocurrency...

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