Former FTX executive explains what everyone doesn't understand about the exchange's meltdown
from The Scoop Hosted by The Block
Zane Tackett is the former head of institutional sales at FTX. In this episode, Tackett recounts his experience working with Sam Bankman-Fried at FTX and explains how the exchange's terms of service blow a hole in SBF's criminal defense. Although SBF claims he is not guilty of fraud, Tackett says "it's obvious that he knew what he was doing." OUTLINE: 00:00 Introduction 03:32 FTX's Business Model 06:56 FTX's Balance Sheet 10:06 Michael Lewis: Going Infinite 11:14 The Real SBF 16:02 FTX 2.0 17:14 FTX Estate Asset Recovery 17:50 FTX Hacked Funds 19:06 Crypto’s Capital Markets 20:54 CeFi vs. DeFI 23:07 Effective Altruism 26:04 SBF Trial 32:57 Closing Thoughts
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