An Examination of the FTX/Alameda Collapse with Chris Sullivan (WiM238)

Nov 16 2022 • 1hr 2m

Show Notes

Chris Sullivan joins me for an in-depth conversation about the events that led to the collapse of FTX and Alameda—the latest crypto catastrophe.Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedloveGuestChris Sullivan Website: https://www.hyperiondecimus.comPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify:https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:Outline00:00:00 “What is Money?” Intro Music00:00:08 “What is Money?” Intro Message00:00:54 Learn about Bitcoin with Swan Private at SwanPrivate.Com00:01:48 Do More with Your Digital Assets with Ledn00:02:33 Sam Bankman-Fried and the FTX Ponzi00:13:54 "Bank-Run" on the FTT Token00:16:44 Natural Price Action vs Unnatural Price Action00:23:50 Liquidation of Alameda, FTX and Exposing Their Balance Sheet00:29:35 Take Control of Your Healthcare with CrowdHealth00:30:38 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet00:31:13 Invest in the Fine Art Market with Masterworks00:31:48 Hold Bitcoin is the Most Secure Custody Model with Casa00:32:37 FTX's Misallocation of Capital and Their Inevitable Collapse00:42:16 "Smart Money" and their Lack of Due Diligence on SBF and FTX00:54:10 Political Donations From Sam Bankman-Fried and FTX01:01:34 Where to Find Chris' Work01:02:07 “What is Money?” Outro MusicSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/ WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESSwan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy:https://www.swanprivate.com/breedloveLedn lets you do more with your digital assets: https://www.ledn.io/CrowdHealth offers an innovative health insurance model based on Bitcoin and community:https://www.joincrowdhealth.com/breedloveWasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/Okcoin is an innovative and education-focused cryptoasset exchange platform—earn $50 in free Bitcoin by signing up at:https://okcoin.com/breedloveMasterworks let you access the fine art market at more affordable price points (use discount code BREEDLOVE): https://www.masterworks.com|Casa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/Automatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/