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 31, 2023 01:24:19
Episode Cover

54: The Tech Hype Bubble: VR Edition (w/ Paris Marx)

Paris Marx of the Tech Won't Save Us podcast joins Scam Economy with Matt Binder to discuss one of the current big tech industry...

Listen

Episode

June 10, 2022 01:13:25
Episode Cover

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

Leo Schwartz, reporter at Rest of World, joins Scam Economy with Matt Binder to discuss his recent piece interviewing people from around the world...

Listen

Episode

January 18, 2023 00:55:52
Episode Cover

43: The Weirdest Frauds, Grifts, & Rug Pulls of Crypto's Hellish 2022 (w/ Molly White)

Molly White of Web3 is Going Great joins Matt Binder on Scam Economy to discuss the (best? weirdest? most interesting?) worst of crypto /...

Listen