Nic and Matt return for one of the craziest weeks in crypto history. In this episode: 

• Coin Metrics makes a key on-chain discovery regarding FTX’s insolvency
• Will Castle Island buy the naming rights to the Miami Heat arena?
• What in the hell happened to FTX/Alameda?
• How big is the hole in FTX’ balance sheet
• Was FTX/Alameda insolvent as early as Q2?
• How this is reminiscent of the Bitfinex/Tether transaction?
• What did CZ see that caused him to catalyze the attack on FTX?
• How did FTX pass an audit?
• Who will be affected by the FTX collapse?
• How this will affect the already impaired crypto lenders
• We revisit some of the recent departures from FTX/Alameda
• This explains why FTX was bailing out the lenders in Q2
• Will FTX US be firewalled off here?
• Could this crisis have been forecasted?
• Did Sam perjure himself in front of Congress?
• Gensler’s responsibility in the FTX fiasco
• Su Zhu is trying to do a redemption arc
• Why is Su Zhu surfing?
• Possible regulatory consequences
• What are the midterm consequences for crypto?
• A failure of corporate governance at FTX
• Some venture funds were attesting to the solvency of FTX while withdrawing funds
• FTX is selectively processing withdrawals to Bahamanian entities
• Silver linings from the crisis
• Proof of Reserves is having a moment
• Sam’s crypto agenda in DC is thankfully dead
• SBF was somehow an LP in Sequoia and Paradigm
• Setting the record straight on Tom Brady

Sponsor notes:

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