Unchained
Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.
News
Business News
Tech News
276
A 20+ Year Sentence? Why the Evidence Against S...
In this episode of Unchained, Laura does a detailed unpacking of the historic Sam Bankman-Fried trial and verdict with defense lawyer Sam Enzer and former Southern District of New York prosecutor Rich Cooper. They discuss what a thorough job the government did in presenting its case, whether the government will pursue a second trial on campaign finance charges, why it takes so long for sentencing to occur, what the differences between this case and the Bernie Madoff case are, and what Bankman-Fried’s likely sentence will be.
81 min
277
Two Genesis Creditors Describe Their Frustratio...
Two Genesis creditors, BJ and Branden, who prefer to use pseudonyms for security reasons, spoke with Unchained about the alleged fraud by the crypto lender and its parent company, Digital Currency Group (DCG). The discussion is one of the first times Genesis creditors have spoken with a media organization about the situation.
88 min
278
SBF Trial, Day 18: Sam Bankman-Fried Found Guil...
A Manhattan jury took only a few hours to decide that former FTX founder Sam Bankman-Fried was guilty of defrauding the crypto exchange’s users of billions of dollars.
4 min
279
SBF Trial, Day 17: Closing Arguments Ask: ‘Vil...
SBF Day 17 -Closing arguments offered a tale of 2 SBFs with a prosecutor calling him criminally responsible for a huge balance sheet hole but the defense saying he had been villainized for mistakes.
17 min
280
The Chopping Block: Nic Carter on Hamas’ Crypto...
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Robert Leshner chop it up about the latest news. This week, the gang sits down with guest Nic Carter of Castle Island Ventures, whose tweet thread pushed the Wall Street Journal to correct its story that Hamas had raised tens of millions in crypto. Carter discusses the challenges in tracking how much crypto Hamas has actually received, the declining prospects for Sam Bankman-Fried’s acquittal, and ongoing dramas surrounding staking protocol Lido and decentralized exchange dYdX.
58 min
281
SBF Trial, Day 16: In Final Cross Examination, ...
Prosecutors again pounded away at SBF’s credibility with the former FTX CEO at one point claiming he didn’t look into why Alameda had spent $8 billion of FTX customer funds.
10 min
282
SBF Trial, Day 15: Prosecutors Hammer Bankman-F...
A packed courtroom watched prosecutors pummel former FTX CEO Sam Bankman-Fried, highlighting contradictions between his words and actions and a lack of credibility.
9 min
283
Why SBF's Testimony So Far Has Likely Already D...
Defense lawyer Sam Enzer says Sam Bankman-Fried’s testimony had evasive answers and non sequiturs—but that the defense may now have a good argument for appeal.
51 min
284
SBF Trial, Day 14: Sam Bankman-Fried Casts Bla...
In his first testimony in front of the jury, former FTX CEO Sam Bankman-Fried presented himself as uninformed about key events prior to FTX’s collapse while blaming other members of the inner circle.
11 min
285
How Much Money Will Flow Into Bitcoin ETFs? Her...
In a recent report, Alex Thorn, head of research at Galaxy, predicted that inflows to spot bitcoin ETFs would rise above $14 billion in the first year following the potential approval by the Securities and Exchange Commission of multiple applications the agency is considering. Thorn called the availability of this product significant because it will give financial advisors and wealth managers accessibility to digital assets in a way that will be acceptable to clients seeking exposure to crypto. He also believes approval of a spot BTC ETF could occur this year before the holidays, and draws comparisons between bitcoin and gold as investment products.
40 min
286
SBF Trial, Day 13: Before Judge, Former FTX CEO...
The former FTX founder took the stand in a pre-trial hearing, revealing how he might fare under cross-examination in the actual trial.
8 min
287
The Chopping Block: Are We Back? The 'Low IQ' R...
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, the four discuss Bitcoin’s price surge over the past week amid growing optimism that a spot BTC exchange traded fund would win regulatory approval, an erroneous Wall Street Journal story about crypto funding to the terrorist group Hamas and AI, and crypto illiteracy among leading U.S. lawmakers.
35 min
288
Why a Spot Bitcoin ETF Will Probably Launch No ...
James Seyffart, market analyst at Bloomberg Intelligence, and Matt Hougan, chief investment officer at Bitwise Asset Management, feel quite certain a spot Bitcoin ETF will launch in the next few months.
74 min
289
The Chopping Block: A Rough Week 3 for SBF, DCG...
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, the four discuss – and disagree about – Uniswap’s new fees, SBF trial week 3, and DCG potentially being taken out by the NY Attorney General.
51 min
290
Another Bad Week for Sam Bankman-Fried in His C...
Sam Enzer, a partner at the law firm Cahill Gordon & Reindel, told Laura that compelling evidence from Sam Bankman-Fried’s inner circle had increased the difficulty for the fallen FTX CEO to convince a jury of his innocence. Former FTX head engineer Nishad Singh said that he became suicidal after understanding the full magnitude of FTX’s misuse of customer funds, while ex-chief legal counsel Can Sun helped show how SBF allegedly lied to lawyers.
48 min
291
SBF Trial, Day 12: Former FTX General Counsel S...
Former FTX General Counsel Can Sun took the stand, revealing that Sam Bankman-Fried had asked him to find legal justifications for FTX's $7 billion deficit.
8 min
292
SBF Trial, Day 11: How Alameda Got FTX Into a $...
On day 11 of the SBF Trial a mix of financial experts and technical witnesses testified, including a notable testimony from accounting professor Peter Easton. His analysis revealed a staggering gap between FTX's liabilities and assets. However, the day was not without controversy as the judge questioned the relevance of some witnesses.
9 min
293
SBF Trial, Day 10: Defense Tries But Fails to ...
On day 10 of the SBF Trial, the defense aimed to undermine the credibility of ex-FTX head engineer Nishad Singh, who on Monday testified against former FTX CEO Sam Bankman-Fried. Meanwhile, FBI Agent Richard Busick exposed Bankman-Fried's connections to high-profile politicians.
8 min
294
SBF Trial, Day 9: Nishad Singh Describes Former...
On day nine of the SBF Trial, FTX head of engineering Nishad Singh took the stand again detailing the crypto exchange giant’s alleged financial mismanagement and former CEO and Sam Bankman-Fried’s bullying management style and seeming indifference to his company’s mushrooming debt.
12 min
295
Why These Lawyers Say It's Over for SBF--But Hi...
Samson Enzer, partner at Cahill Gordon & Reindel, and Greg Strong, partner at DLX Law, dissect the second week of the criminal trial of Sam Bankman-Fried. At this point, the prosecution’s star witness, former Alameda Research CEO Caroline Ellison, has testified, as well as another prominent insider, co-founder Gary Wang. But both Enzer and Strong believe that it’s already over for the defense, but agree that the only thing that could turn it around is testimony from SBF himself—but that runs the risk of the defendant significantly increasing his sentence.
73 min
296
SBF Trial, Day 8: Former BlockFi CEO Adds Credi...
Zac Prince, former CEO of BlockFi, testified about the risks of lending to Alameda. The defense tried to use his testimony to raise questions about whether Alameda's lenders, like BlockFi, were at fault for their irresponsible lending practices, but didn’t succeed.
6 min
297
How Heated Sidebars During the SBF Trial Could ...
The second week of Sam Bankman-Fried’s criminal trial is underway, bringing emotional testimony from SBF’s ex-girlfriend and former Alameda CEO Caroline Ellison, along with some surprising stories about alleged bribes to Chinese officials and discussion about reaching out to the Saudi Crown Prince for help. Ari Redbord, Global Head of Policy at TRM Labs, discusses why the question of who was actually in charge is so critical to the case, the defense’s strategy to discredit Caroline Ellison, and why sidebars in the courtroom can get so heated.
42 min
298
SBF Trial, Day 7: In SBF Trial, Did the Defense...
The defense failed to gain traction during Caroline Ellison's cross-examination, repeating questions previously asked and further frustrating the judge. Still, shocking new facts came to light, such as that, around the time that Alameda had “borrowed” $14 billion of FTX customer money, Sam Bankman-Fried told Ellison he wanted to make a big investment in messaging platform Telegram.
12 min
299
The Chopping Block: Gabriel Shapiro on Why Sam ...
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and chop it up about the latest news. This week, the crew is joined by Gabriel Shapiro, general counsel at Delphi Labs, to talk about the key points in the criminal trial of Sam Bankman-Fried and his lackluster defense strategy so far. They also delve into Michael Lewis’ book and his depictions of SBF’s “lore and backstory,” and discuss how SBF’s “quirks of character” may have actually enticed investors.
59 min
300
SBF Trial, Day 6: Caroline Ellison Recalls 'The...
On the most emotional day of the trial, Caroline Ellison breaks down while revealing the desperate financial maneuvers orchestrated by Sam Bankman-Fried. Her testimony also included dramatic references to allegedly bribing Chinese government officials, creating accounts using the IDs of Thai prostitutes, and an attempt to raise money by selling FTX shares to a Saudi prince.
23 min