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

March 18, 2022 00:51:11
Episode Cover

7: The Crypto Grift Descends on Ukraine

Scam Economy host Matt Binder breaks down how grifting cryptocurrency founders, entrepreneurs, investors, and hustlers are trying to pump their money making schemes for...

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