Podcasts about FTX

Sam Bankman-Fried BioSnap a weekly updated Biography.Sam Bankman-Fried has resurfaced in the headlines this week with a calculated social media campaign that legal experts and analysts interpret as a veiled plea for presidential clemency. The former FTX founder, currently serving a 25-year federal sentence for fraud and conspiracy, posted comments on X platform on December 2nd and 3rd praising President Trump's recent pardon of former Honduran President Juan Orlando Hernández, who had been sentenced to 45 years for drug trafficking. Bankman-Fried stated he was "delighted" by Hernández's release and called him "one of the few people who really deserves freedom," remarks that observers immediately flagged as strategic positioning for his own pardon bid.What makes this development particularly noteworthy is the timing and context. Multiple sources, including The Block and TechFlow, report that Bankman-Fried posted through intermediaries—his X profile clarifies these messages represent his views shared through a friend—suggesting his communications are carefully managed from his prison cell. He even mentioned in separate posts having previously met Hernández while incarcerated, describing him as "one of the kindest and most devoted individuals" he'd encountered.The pardon prospects remain bleak despite the efforts. According to multiple financial news outlets, Bankman-Fried's chances are significantly diminished by his $5.2 million donation to Joe Biden's 2020 campaign, a political liability in the Trump administration. Furthermore, his conviction for directly misappropriating billions in customer funds contrasts sharply with other crypto figures who have received clemency. For context, Binance founder Changpeng Zhao was pardoned in October 2025 for compliance-related money laundering charges—a distinction critics argue demonstrates inconsistent legal standards.Meanwhile, his legal team continues pursuing formal appeals through the U.S. Second Circuit Court of Appeals, where they're advocating for a new trial. No decision is expected until well into 2026. His parents, Joseph and Barbara Fried, have been actively lobbying Trump associates and Washington operatives for their son's clemency.Bankman-Fried has also intensified his social media presence through proxies, reasserting claims that FTX was solvent at the time of bankruptcy and that current estate managers are mishandling funds—contentions that contradict official investigations and trial records. His heightened public activity reflects a broader multi-pronged strategy combining legal appeals, parental advocacy, and carefully calibrated public messaging to reshape his narrative and court political favor.Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Mauricio Di Bartolomeo is the co-founder and CSO of Ledn, a leading provider of bitcoin-backed loans. He found Bitcoin during hyperinflation in Venezuela and believes in the future of the digital economy. He has an MBA from the Richard Ivey business school at Western University.Mauricio Di Bartolomeo, the co-founder and CSO of Ledn, recently joined the Bitcoin.com News Podcast to talk about the market.Growing up in Venezuela and experiencing hyperinflation, bank collapses, and capital controls firsthand, Mauricio witnessed the disastrous consequences of a failing government and currency. His family eventually found a solution and "a beam of light" in Bitcoin mining, which allowed his brother to escape the country with his wealth intact on a hardware wallet, an experience that cemented their conviction in Bitcoin as a tool for economic freedom and survival.Mauricio explains how this experience led to the founding of Ledn, a company built to solve the problem faced by Bitcoin miners and holders: the need for financing without having to sell their Bitcoin. He delves into the core value proposition of Bitcoin-backed loans, especially for the emerging world, highlighting that Ledn offers the same rates and terms to clients in Latin America as those in Europe or North America. This capability is providing financial inclusion, giving many in the region their first-ever loan approval, which is a massive, transformative opportunity that traditional banks have historically denied.The discussion pivots to Ledn's decision to transition to a Bitcoin-only company after a period of supporting Ethereum during the Celsius bankruptcy transition. Mauricio outlines the move as a commitment to simplicity and transparency, emphasizing the company's deep belief in the long-term viability and investment case of Bitcoin. The conviction is rooted in the belief that the future of Bitcoin-backed loans is a multi-trillion-dollar opportunity, and Ledn aims to win by focusing on doing Bitcoin-backed loans better than anyone else, adhering to the principle that "the best restaurants have the smallest menus."A crucial component of Ledn's commitment to transparency is its pioneering and ongoing Proof of Reserves protocol. Mauricio details this process, explaining that an independent CPA verifies Ledn holds all the assets it owes its clients by looking at both the asset and liability sides every six months, a cadence the company is moving to monthly. He stresses the vital importance of Proof of Reserves—something all failed crypto lenders like FTX lacked—as a requirement clients should demand, ensuring a company is honestly reporting its liabilities and protecting client assets.The episode also covers the concept of the "new carry trade," which is the strategy of borrowing a weak, constantly-debased currency (like the US Dollar) against a hard, appreciating asset with a finite supply (Bitcoin). Mauricio illustrates this with a client anecdote who was able to buy a house without selling his Bitcoin, which then appreciated fivefold. He explains that this strategy is tax-beneficial and mirrors how the world's wealthy manage their assets, allowing Bitcoin holders to "go short weak dollars and maintain your strong Bitcoin," ultimately helping them grow their net wealth over time.Finally, Mauricio addresses the looming entry of traditional banks into the Bitcoin services space. He argues that Bitcoin-native companies like Ledn have a massive advantage because the banks' fractional reserve model is incompatible with Bitcoin's ethos of full reserves. He cautions users to be skeptical of banks' intentions and collateral practices. Ledn, a regulated business built to operate 24/7 in the volatile crypto market, is focused on building a "Fort Knox" that is designed to outlive its founders and their children, a powerful statement on their commitment to generational wealth and long-term security.To learn more about the company visit Ledn.io, and follow the team on X.

Sam Bankman-Fried BioSnap a weekly updated Biography.Sam Bankman-Fried, the disgraced FTX founder currently serving a 25-year prison sentence, has been making headlines with his recent efforts to overturn his conviction and seek a presidential pardon. According to multiple crypto news outlets, SBF reactivated his social media accounts in late September 2025 after six months of silence, marking his first digital appearance since his incarceration began. The accounts, reportedly managed by friends while he posts content from prison, show the convicted fraudster attempting to rehabilitate his public image from behind bars.On the legal front, SBF's team is pursuing multiple avenues to challenge his November 2023 conviction on all seven counts of fraud and conspiracy. His legal representatives argue the trial was fundamentally unfair, citing judicial bias and suppressed evidence as grounds for appeal. This strategy mirrors efforts by other crypto defendants currently fighting their sentences, suggesting a broader push within the cryptocurrency industry to challenge regulatory actions.Perhaps most significantly, sources indicate that SBF's camp is actively lobbying for a presidential pardon from Donald Trump. This effort gained momentum following Trump's recent pardons of other high-profile crypto figures, including Binance's CZ, signaling potential openness to such requests. However, the White House has not commented on any formal pardon request from Bankman-Fried, leaving his prospects uncertain despite the apparent lobbying campaign.On the domestic front, SBF's mother, Barbara Fried, published a substantial 65-page essay defending her son, adding a personal dimension to his ongoing legal battles. The essay represents a rare public statement from his family during his incarceration.The broader context remains one of stunning financial devastation. Bankman-Fried was convicted of systematically stealing billions in customer funds from FTX to finance personal investments and luxury real estate. The judge who sentenced him characterized him as showing no remorse, and he was ordered to forfeit 11 billion dollars. His fall from grace is remarkable considering he was once celebrated as a crypto wunderkind worth an estimated 26 billion dollars and promoted effective altruism as his guiding philosophy.As of late November 2025, Bankman-Fried continues his federal prison sentence while pursuing legal remedies that could potentially reshape his circumstances. His reemergence on social media and intensified pardon lobbying suggest he remains determined to challenge the conviction that transformed him from billionaire philanthropist to convicted fraudster.Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

My exclusive interview with Christina Rolle, Executive Director at Securities Commission of The Bahamas. This is the first ever public interview where the regulator shares what really happened behind-the-scenes 3-years ago during the collapse of FTX.  How was SBF during the collapse? How were the assets seized? Did the Bahamas insolvency catalyze the U.S. insolvency? This is a special episode of The Future of Crypto Compliance  podcast series exploring the trends, disruptions, and regulatory forces shaping the crypto space. In this episode, we touch upon the following topics: - How the Bahamas views its global role in crypto regulation - Lessons from the FTX collapse and its regulatory aftermath - How the DARE Act evolved to address industry gaps - The balance between innovation and enforcement - The importance of international collaboration in compliance - Why regulatory clarity matters for quality market participants - What other jurisdictions can learn from the Bahamas' journey   Powered by ACX Compliance – the world's largest crypto compliance specialised managed services provider. By crypto compliance professionals. For crypto compliance professionals. The full interview is also available on my YouTube channel: YouTube: https://bit.ly/43UE8wU  

Sam Bankman-Fried BioSnap a weekly updated Biography.Sam Bankman-Fried has made a dramatic return to the public eye in the past few days, breaking a six month silence with a flurry of activity from prison. According to multiple reports including those from Phemex, KuCoin News, and BlockTempo, Bankman-Fried has reactivated his social media accounts and is now posting content, with friends reportedly managing the accounts on his behalf. His first public posts in months have been widely covered, with UNILAD Tech highlighting that he has broken his silence with messages on X, directly addressing his situation and making a plea to former President Donald Trump for a pardon.Bankman-Fried is actively pursuing legal appeals against his 25 year sentence for fraud and conspiracy, with his legal team arguing that the trial was biased and that evidence was suppressed. His mother, Barbara Fried, has also entered the fray, publishing a 65 page essay defending her son, a move reported by both Phemex and KuCoin News. There is growing speculation, fueled by these outlets, that associates close to Bankman-Fried are lobbying for a presidential pardon from Trump, especially in light of recent pardons granted to other crypto figures. The White House has not commented on any formal pardon request, so this remains unconfirmed.Major headlines have focused on Bankman-Fried's social media resurgence and his appeal efforts, with outlets like Good Morning America and Info Axion AG covering the timeline of his legal battles and the ongoing fallout from FTX's collapse. The broader context remains his conviction for defrauding investors and the historic bankruptcy of FTX, which continues to impact thousands of customers and the crypto industry at large. All recent developments are centered on his legal strategy and public image, with no new business activities or confirmed public appearances outside of his social media posts.Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Sam Bankman-Fried, FTX scandal, AI, AIG, the AI grift, utilitarianism, effective altruism (EA), nuclear power, renewables, anti-natalism, Extinctionism, longtermism, how AI relates to the grid, predictive modeling, the overlap between AI & crypto scams, Peter Thiel, the pathological fear of death among the elite, the search for immortality, $LIBER, $Trump, $LIBER scandal, Argentina, Javier Milei, Hayden Davis, LeBaron family, cults, LeBaron family ties to Trump, money launderingDavid's bookMusic by: Keith Allen Dennishttps://keithallendennis.bandcamp.com/ Hosted on Acast. See acast.com/privacy for more information.

Sam Bankman-Fried BioSnap a weekly updated Biography.Sam Bankman-Fried is once again at the center of headlines as federal litigation, appeals, and market fallout from his former crypto empire continue to reverberate through the industry. In the past week, significant developments have unfolded that keep his name at the forefront of both business news and online chatter. His lawyers were back in court arguing his appeal against the 25-year federal prison sentence handed down after his landmark fraud conviction last year. Appeals court judges in multiple outlets, including The Block, questioned his assertion that FTX was solvent and appeared unconvinced by his defense narrative that prosecutors misrepresented the facts. Meanwhile, his legal team has claimed that trial constraints and judicial fairness issues undermined the case against him, an argument highlighted by AInvest, with the controversy stoking broader debates about the balance of due process for high-profile defendants.On November 20, a new federal lawsuit was filed against Bankman-Fried in Florida by financial-crimes investigator Donnahue George, alleging that FTX created over 400 million counterfeit AMC tokenized shares to facilitate illegal short selling and market manipulation, specifically targeting retail investors and causing extensive harm. This case adds another layer to the mounting civil and criminal proceedings tied to FTX's collapse and brings fresh scrutiny to the mechanics of tokenization schemes cooked up under Bankman-Fried's leadership. George's lawsuit asserts claims for securities fraud, racketeering, wire fraud, and market manipulation, and promises to expose complex structures allegedly used to bypass US regulatory oversight. He has become an outspoken social media advocate for market transparency, denouncing Bankman-Fried as the figure at the center of a rigged game designed to harm retail shareholders.Public speculation about Bankman-Fried's future remains rampant. According to Taipei Times, his conviction and the FTX downfall have left deep wounds in the digital asset sector, with Bitcoin heading for its worst month since the initial waves of crypto collapse. Rumors have swirled in social media circles and some business columns that Bankman-Fried's legal team might be exploring a long-shot bid for a presidential pardon, though these remain unconfirmed and sources like PHC.com.kw caution that nothing concrete has emerged.Amidst the courtroom drama, Bankman-Fried's impact on creditor repayments continues to be felt. As reported by CryptoResearch.Report, the ability of the bankruptcy estate to reclaim money for FTX's creditors remains directly tied to his conviction and the seizure of assets from his criminal proceedings. This process will play out through 2025, affecting thousands of individuals waiting for recovery. The ongoing saga is routinely referenced across crypto Twitter, where memes and commentary on his persona—once seen as a whiz kid and now infamous—have not let up. The book launch of Stealing the Future: Sam Bankman-Fried, Elite Fraud, and the Cult of Techno-Utopia captured online attention, reinforcing his status as both case study and cautionary tale in the tech world.Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

In this Crypto 101 Podcast episode, Tevo, Brian, and Joe tackle one of Bitcoin's most volatile weeks, analyzing extreme fear, historic drawdowns, and market capitulation signals. They emphasize that despite short-term panic, fundamentals remain intact — with institutions, states like New Hampshire, and ETF providers continuing to build and accumulate. The discussion covers algorithmic trading pressure, overleveraged markets, and the “fastest bear market ever,” suggesting a rebound could be near. The team closes on a hopeful note, spotlighting Solana ETF inflows and reminding listeners that “nothing has changed with Bitcoin's fundamentals. Get my #1 altcoin pick for this month. Check out Plus500: https://plus500.comEfani Sim Swap Protection: Get $99 Off: http://efani.comcrypto101Check out TruDiagnostic and use my code CRYPTO101 for a great deal: https://www.trudiagnostic.comCheck out Gemini Exchange: https://gemini.com/cardThe Gemini Credit Card is issued by WebBank. In order to qualify for the $200 crypto intro bonus, you must spend $3,000 in your first 90 days. Terms Apply. Some exclusions apply to instant rewards in which rewards are deposited when the transaction posts. This content is not investment advice and trading crypto involves risk. For more details on rates, fees, and other cost information, see Rates & Fees. The Gemini Credit Card may not be used to make gambling-related purchases.Get immediate access to my entire crypto portfolio for just $1.00 today! Get your FREE copy of "Crypto Revolution" and start making big profits from buying, selling,Chapters00:00 — Intro: market volatility, community strength, and setup for the Bitcoin decline discussion.05:57 — Chart breakdown: historical Bitcoin drawdowns and perspective on volatility.09:16 — Bitcoin capitulation: 99% of short-term holders in loss; realized losses hit FTX-collapse levels.11:38 — Fear & Greed Index near record lows; extreme fear signals potential market bottom.16:17 — Macro overview: algorithmic trading, lack of clear recovery catalyst, and market overreactions.18:01 — Joe's macro take: leverage, AI bubble parallels, and retail vs institutional behavior.19:19 — RSI analysis: oversold levels similar to COVID and FTX lows, signaling possible bottom.23:46 — “Bitcoin is dead” chart discussion; Bitwise CIO Matt Hougan's upcoming interview teased.24:50 — Positive news: New Hampshire launches first Bitcoin-backed municipal bond.26:59 — Institutional adoption: Solana ETFs see 17 straight days of inflows despite price decline.MERCH STOREhttps://cryptorevolutionmerch.com/Subscribe to YouTube for Exclusive Content:https://www.youtube.com/@crypto101podcast?sub_confirmation=1Follow us on social media for leading-edge crypto updates and trade alerts:https://twitter.com/Crypto101Podhttps://instagram.com/crypto_101*This is NOT financial, tax, or legal advice*Boardwalk Flock LLC. All Rights Reserved  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Fog by DIZARO https://soundcloud.com/dizarofrCreative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZAROMusic promoted by Audio Library https://youtu.be/lAfbjt_rmE8▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Our Sponsors:* Check out Gemini Exchange: https://gemini.com/card* Check out Plus500: https://plus500.com* Check out Plus500: https://plus500.com* Check out TruDiagnostic and use my code CRYPTO101 for a great deal: https://www.trudiagnostic.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

with @mansourtarek_ @rhackettIn this episode of web3 with a16z crypto, host Robert Hackett talks with Kalshi Cofounder and CEO Tarek Mansour about how prediction markets are enabling people to trade directly on real-world events — from elections to inflation — and what this means for the future of finance and forecasting.Tarek explains why prediction markets aren't gambling, how regulation has been central to Kalshi's success, and why the company is embracing crypto and stablecoins as key components of its international strategy. He also discusses lessons learned about policy, product design, and staying compliant while innovating at the frontier.Topics include:How prediction markets make society "smarter"The role of regulation in fintech innovationWhy Kalshi started with crypto paymentsLessons from FTX and the importance of complianceBuilding consumer trust and network effectsTarek's take on productivity, leadership, and even… kombuchaThis episode kicks off a special series of interviews recorded live at our recent Founders Summit. Subscribe to web3 with a16z crypto for more conversations with founders and builders shaping the decentralized future.Timestamps:00:00 – Introduction: What are prediction markets, and why now?01:04 – Kalshi's mission: making forecasting tradable01:52 – Why crypto fits into Kalshi's long-term strategy03:19 – Going global with stablecoins05:55 – The long road to regulation and why it mattered7:51 – Coinbase and Robinhood as role models08:17 – The Trump trade: direct vs. indirect exposure to events10:51 – Lessons from FTX and why compliance is a moat12:06 – How Kalshi monitors markets and prevents manipulation 15:00 – Momentum after the presidential election16:48 – How policy in DC really works17:56 – The hidden advantage of being regulated18:52 – Lightning round: worst advice, productivity habits, and more21:00 – The importance of process and patience (“The Score Takes Care of Itself”)22:30 – The smallest hill Tarek will die onFollow a16z crypto on...X: https://x.com/a16zcryptoLinkedIn: https://www.linkedin.com/showcase/a16zcrypto/posts/Spotify: https://open.spotify.com/show/7pMZvsNXEnb0CYcPiDQywEApple Podcasts: https://podcasts.apple.com/us/podcast/web3-with-a16z-crypto/id1622312549Youtube: https://www.youtube.com/@a16zcrypto

Sam Bankman-Fried BioSnap a weekly updated Biography.Sam Bankman-Fried has been back in the headlines this week, but not for any public appearances or business ventures. According to The Block, he returned to court seeking a new trial after his conviction for fraud, a move that has sparked fresh legal speculation. Prisonpedia estimates he will serve about 223.5 months in federal prison and could transfer to a halfway house around November 11, 2025, though this is based on current sentencing guidelines and could change. On the social media front, Odaily Planet Daily reports that Bankman-Fried retweeted a post from an FTX creditor, Arush, which revealed details about the FTX 2.0 relaunch project. The tweet discussed how three reputable companies were shortlisted for the FTX 2.0 tender but were ultimately rejected by lawyers, a development that surprised both the public and creditors. The bidders included Arj/Tribe, Bullish, and Figure, all proposing deals that could have added billions to FTX creditor assets. However, FTX's current CEO John Ray and the law firm Sullcrom called off the transaction. Bankman-Fried's retweet added another layer of complexity to these allegations, according to CryptoRank.There have been no verified reports of new business activities or public appearances by Bankman-Fried. His legal team continues to push for a retrial, but for now, he remains incarcerated. The broader crypto community is watching closely, as any change in his legal status could have significant implications for the ongoing FTX bankruptcy proceedings and the future of the exchange. Recent coverage from Fortune and The Token Dispatch notes that Bankman-Fried's influence in the crypto world has waned, with his once-prominent role now overshadowed by the fallout from the FTX collapse. There is no indication of any new partnerships or ventures, and his social media activity remains limited to retweets and occasional comments on FTX-related news. In summary, Sam Bankman-Fried's recent developments are centered on his legal battles and the ongoing FTX bankruptcy, with no new business activities or public appearances reported.Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

So niedergeschlagen war das Sentiment seit FTX kaum – und trotzdem zeigen die Daten: Hier könnte sich ein seltener Dip-Buying-Moment anbahnen. Was jetzt wirklich zählt.

Sam Bankman-Fried, FTX scandal, TESCERAL, Effective Altruism (EA), Utilitarianism, AGI, AI as a scam, Will MacAskill, Machine Intelligence Research Institute (MIRI), the Center for Applied Rationality (CFAR), Leverage Research, Peter Thiel, Eliezer Yudkowsky, Longtermism, Barbara Fried, Sanford, Lewis Terman, gifted kids, Fred Terman, eugenics, Anthropic, Rationalism, human potential movement. Landmark/est, MK-ULTRA, Zizians, cultsDavid's bookMusic by: Keith Allen Dennishttps://keithallendennis.bandcamp.com/ Hosted on Acast. See acast.com/privacy for more information.

Long time lurker, first time poster - be nice please! :) I was searching for summary data of EA funding trends, but couldn't find anything more recent than Tyler's post from 2022. So I decided to update it. If this analysis is done properly anywhere, please let me know. The spreadsheet is here (some things might look weird due to importing from Excel to sheets) Observations EA grantmaking appears on a steady downward trend since 2022 / FTX. The squeeze on GH funding to support AI / other longtermist priorities appears to be really taking effect this year (though 2025 is a rough estimate and has significant uncertainty.) I am really interested in particular about the apparent drop in GW grants this year. I suspect that it is wrong or at least misleading - the metrics report suggests they are raising ~$300m p.a. from non OP donors. Not sure if I have made an error (missing direct to charity donations?) or if they are just sitting on funding with the ongoing USAID disruption. Methodology I compiled the latest grants databases from EA Funds, GiveWell, OpenPhilanthropy, and SFF. I added summary level data from ACE. To remove [...] ---Outline:(00:41) Observations(01:26) Methodology(02:12) Notes --- First published: November 14th, 2025 Source: https://forum.effectivealtruism.org/posts/NWHb4nsnXRxDDFGLy/historical-ea-funding-data-2025-update --- Narrated by TYPE III AUDIO. ---Images from the article:Apple Podcasts and Spotify do not show images in the episode description. Try Pocket Casts, or another podcast app.

Sam Bankman-Fried BioSnap a weekly updated Biography.Sam Bankman-Fried is back in the headlines, though not for any new exploits—unless you count lobbying from behind bars. According to Morning Brew, SBF, once celebrated as a Forbes 30 Under 30 “whiz kid” in 2021, is now memorialized in their Hall of Shame, serving a 25-year sentence for seven counts of fraud connected to his orchestration of FTX's multibillion-dollar collapse. The outlet notes he is actively petitioning President Trump for a pardon, a move analysts consider highly unlikely. Markets.com assigns just a 4 percent chance of that pardon ever arriving, making the effort seem more a desperate gambit for relevance than a credible bid for freedom.In terms of business activity, FTX itself is now a relic. As Galaxy Digital's newsletter observes, this week marks the third anniversary of the FTX implosion, a fever dream in crypto lore where Bankman-Fried resigned under a cloud of scandal and bankruptcy attorneys took over. By now, the estate under John J. Ray III has clawed back enough assets to pay 100 percent of official customer claims, with distributions starting to reach affected users—though at November 2022 prices, leaving some feeling shortchanged as crypto valuations surged after the collapse.Bankman-Fried has tried to shape the public's understanding of his downfall. CoinMarketCap reports he's been using messages from prison to argue FTX was solvent and that bankruptcy lawyers are at fault for delays in asset recovery, claims roundly rejected by the official estate and largely dismissed by industry observers as self-serving. Meanwhile, TheStreet notes his verified account continues to make waves on social media, most recently by mocking blockchain sleuth ZachXBT with pointed, if implausible, allegations connecting him to Binance CEO Changpeng Zhao, signaling SBF remains undeterred in stirring drama behind the wire.In the wider media, Sam Bankman-Fried's story is now a recurring cautionary tale. Recent episodes from the Aspen Ideas Festival featured acclaimed author Michael Lewis, who shadowed Sam for months for his book "Going Infinite," dissecting how SBF's blend of ambition and naivety created a cult of fast money and misplaced trust. Researchers and commentators at Ivey Business School and elsewhere use Bankman-Fried's arc to explain the media's role in sculpting—then shredding—tech founders' reputations, with SBF serving as the patron saint of the boom-to-bust narrative.On social media, references to Sam remain persistent, as crypto influencers and legal analysts debate his case's parallels with a growing rogues' gallery of 2025 crypto fraudsters. Discussions continue around the supposed regulatory schemes he floated with the SEC, with Uniswap's founder alleging SBF's pitch to classify bitcoin and ether as securities was narrowly thwarted by FTX's collapse.In sum, Sam Bankman-Fried is not fading quietly into prison obscurity. He remains a fixture of headlines and podcasts, his name invoked by advocates and detractors alike as the symbol of crypto's wild excesses and the lasting need for tighter oversight.Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

The crypto market just saw over $1.1 billion in liquidations as volatility explodes across Bitcoin and major altcoins, triggering comparisons to the chaos of the FTX collapse. Today we break down what caused the sudden wipeout, which indicators matter most, and whether this is the beginning of a deeper downturn or a massive buying opportunity. Join us live as we analyze the data, market sentiment, and institutional flows to understand what comes next for crypto.

Alex Thorn talks with Anthony Pompliano — entrepreneur, investor, and founder of ProCap Financial and Silvia — about Bitcoin's evolution since the FTX collapse and the transition from “crypto” to mainstream finance. They discuss the convergence of traditional and digital markets through tokenization, the rise of AI-driven financial tools, and how Bitcoin fits into a tokenized future. Plus, Beimnet Abebe (Galaxy Trading) joins to analyze Bitcoin's struggle to hold 100K, key technical supports, and why near-term risk may still lean to the downside. This episode was recorded on Wednesday, November 12, 2025.  ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/⁠⁠⁠⁠⁠

Sam Bankman-Fried BioSnap a weekly updated Biography.Sam Bankman-Fried has had quite the week in the spotlight, and not in the way he'd hoped. The convicted FTX founder faced a skeptical appeals court on November 4th when judges from the Second Circuit Court of Appeals heard arguments about his bid to overturn his 25-year fraud conviction. According to multiple reports from AP News and CoinDesk, the three-judge panel appeared deeply unconvinced by his legal team's arguments that he deserved a new trial. His attorney, Alexandra Shapiro, argued that the trial judge had left the defense "cut off at the knees" by limiting evidence about legal advice Bankman-Fried received. But Judge Barrington Parker was particularly pointed, asking whether Shapiro was "seriously suggesting" that jurors would have voted not guilty if her client had been allowed to testify about his lawyers' role in documents. The court is expected to issue a decision in the coming months.Running parallel to his legal troubles is a pardon campaign that's heating up behind the scenes. According to Reuters and Tribune242, members of Bankman-Fried's inner circle have reportedly approached President Trump seeking a presidential pardon, though Trump himself hasn't publicly commented. The prediction market Polymarket, as reported by Cointelegraph, assigns only a 4 percent probability that Bankman-Fried will receive a pardon in 2025, suggesting even speculators think his chances are slim.Meanwhile, from his jail cell, Bankman-Fried has been surprisingly active. Through a monitored X account managed by a friend, per Bitcoinist and other crypto outlets, he's been posting claims that FTX customer funds were never actually lost and that roughly 98 percent of all allowed customer claims have already been reimbursed with interest. He's also been engaging in public disputes with crypto investigators over claims of alleged bribes and fund transfers.In perhaps the most surreal detail to emerge, AOL News reports that Bankman-Fried has become friendly with Sean "Diddy" Combs in their high-security Brooklyn jail unit, with sources saying Combs is "always kind" to him. It's an unexpected connection between two of the most notorious figures currently incarcerated.The court proceedings continue to dominate his narrative, with prosecutors maintaining they presented overwhelming evidence of his guilt and that bankruptcy creditors are being made whole.Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Sam Bankman-Fried BioSnap a weekly updated Biography.Sam Bankman-Fried has stormed back into the headlines this past week, as his fight for a new trial unfolded before a skeptical panel of judges at the Second Circuit Court of Appeals in Manhattan. The former FTX CEO, notorious for orchestrating what prosecutors called an eleven billion dollar fraud, is now two years into a twenty-five-year sentence at FCI Terminal Island. His legal team, led by Alexandra Shapiro—who, in a twist of legal fate, is also representing Sean Diddy Combs in his appeal—argued that his first trial was fundamentally unfair, insisting that judge Lewis Kaplan fatally limited the defense and refused to let Bankman-Fried testify fully about the involvement and advice of lawyers. According to Business Insider, the judges appeared unimpressed with these arguments, repeatedly questioning whether any omitted testimony would have shifted the outcome given what one described as “robust evidence” against him.CoinDesk reports that the appellate judges were intensely focused on the fairness of excluding his testimony about legal advice and whether prosecutors told a misleadingly “morally compelling” story about “forever lost” billions. Sam's attorney pushed the argument that FTX investors and customers are actually slated to recover, and even exceed, their losses thanks to recent asset liquidations. Judge Eunice Lee openly challenged whether that matters for fraud conviction—referencing recent Supreme Court precedent that says making victims whole doesn't erase a crime if you appropriated their funds.The press fixated on Sam's parents, who watched the proceedings nervously and are reportedly working every angle, including a possible pardon from President Trump—fuelled no doubt by the news, shouted from the likes of SFist and Bloomberg, that Trump recently pardoned Binance founder Changpeng CZ Zhao, whose company famously donated to a Trump crypto venture. Bankman-Fried's new “I'm a Republican now” tack even saw him reportedly appear from jail on Tucker Carlson's show. On social media, echoes of the family's lobbying and trial drama inched up trending topics, but little in the way of true public sympathy emerged.Despite the legal spectacle and the outsized personalities, most legal experts quoted in outlets like the Associated Press and Banking Dive remained convinced that overturning Sam's conviction is exceedingly unlikely—especially after multiple jurors, including his one-time romantic partner, testified he personally ordered financial coverups. The judges deferred their ruling, but the consensus is that Bankman-Fried's hope now pivots less on the courts, and far more on politics and presidential mercy. No major new business ventures, public appearances, or authentic social interactions from Sam himself have registered—though accounts suggest he continues to post on social media through intermediaries, keeping the legend, and the scandal, alive.Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

Sam Bankman-Fried makes his case for a retrial and aspiring crypto banks hit roadblocks. Originally published on November 7, 2025.

Crypto's most controversial trading product might be Wall Street's next obsession. In this interview, Brett Harrison, former president of FTX.US and founder of Architect Financial Technologies, joins to explain how he's aiming to take perpetual futures — crypto's 24/7 leveraged trading engine — to traditional markets like stocks, commodities, and FX. Will this be the next big shift in global finance? Thank you to our sponsors! Mantle Guest: Brett Harrison, Founder & CEO of Architect Financial Technologies  Links: The Defiant: Former FTX US President Brett Harrison to Launch Perpetuals Exchange Timestamps:

Criminal Procedure: Was Sam Bankman-Fried's conviction and $11B fine for fraud associated with #FTX fundamentally unfair? - Argued: Tue, 04 Nov 2025 8:52:59 EDT

SummaryIn this conversation Adam Back, and Matt Odell discuss the critical importance of self-custody in Bitcoin management, especially in light of past events like FTX. They explore the nuances of custody solutions for both individuals and businesses, emphasizing the need for secure practices and the balance between self-custody and third-party risks. The discussion also touches on treasury management for large companies and the emerging demand for proof of reserves to enhance operational security.TakeawaysSelf-custody is essential for protecting assets.The phrase 'not your keys, not your coins' highlights the importance of ownership.Small businesses can benefit from adopting Bitcoin as a treasury asset.Multi-sig solutions provide enhanced security for large organizations.Proof of reserves can increase confidence in custodial services.Operational security is a significant concern for companies managing Bitcoin.Single sig custody is sufficient for many individuals.Backup strategies should include fireproof and offsite storage.The recovery process for Bitcoin can be user-friendly.The industry is evolving towards better custody solutions.Chapters00:00 Introduction and Community Engagement00:56 The Importance of Self-Custody09:12 Custody Solutions for Businesses14:57 Prover Reserves and Industry Standards17:02 bp-introoutro_v2.mp4

This Day in Legal History: Saddam Hussein Sentenced to DeathOn November 5, 2006, Saddam Hussein, the former President of Iraq, was sentenced to death by hanging for crimes against humanity. The charges stemmed from the 1982 massacre of 148 Shiite men and boys in the town of Dujail, an act of collective punishment after an assassination attempt on Hussein. The verdict came after a year-long trial before the Iraqi High Tribunal, a special court established to prosecute former members of Saddam's regime. The proceedings were highly controversial, drawing criticism for their fairness, security lapses, and political interference.Saddam's defense team faced threats and attacks, with several lawyers murdered during the trial. International human rights organizations expressed concern over the tribunal's procedures, noting a lack of due process protections. Despite these criticisms, the court found Hussein guilty and sentenced him to death. His co-defendants, including his half-brother Barzan al-Tikriti and former judge Awad al-Bandar, also received death sentences. Saddam remained defiant throughout the trial, refusing to recognize the legitimacy of the court and accusing it of being a tool of occupation.The sentence was upheld on appeal and carried out swiftly, with Saddam Hussein executed on December 30, 2006. His execution, filmed and leaked online, sparked outrage and deepened sectarian tensions in Iraq. Many saw the trial and its aftermath as exacerbating divisions rather than promoting justice and reconciliation. The event marked a pivotal moment in Iraq's post-invasion legal and political reconstruction, highlighting both the possibilities and limits of transitional justice in a conflict-ridden environment.The U.S. Supreme Court is set to hear arguments on whether President Donald Trump exceeded his authority by imposing sweeping tariffs under the International Emergency Economic Powers Act (IEEPA), a 1977 law not originally intended for such use. The case stems from lawsuits by affected businesses and 12 mostly Democratic-led states, claiming Trump's application of IEEPA to impose tariffs violated constitutional limits, as Congress—not the president—holds the power to levy taxes and tariffs. The law has traditionally been used to freeze assets or impose sanctions during national emergencies, not to regulate routine trade.Trump's administration has defended the tariffs as a national security measure and emphasized their economic impact, having generated nearly $90 billion in revenue. The president has pressured the Supreme Court, which has a 6-3 conservative majority, to uphold his interpretation of IEEPA, warning that overturning the tariffs would leave the nation vulnerable. If struck down, the administration intends to pursue the tariffs through other legal avenues.Critics argue the case reflects broader concerns about Trump's expansion of executive power, as IEEPA does not explicitly mention tariffs. The Federal Circuit Court ruled against Trump, stating that Congress likely did not intend to hand the president such broad trade authority and invoking the “major questions” doctrine, which limits executive power absent clear congressional approval. The justices' decision will test their willingness to check presidential overreach and could reshape the boundaries of executive authority in economic policy.Supreme Court weighs legality of tariffs in major test of Trump's power | ReutersSupreme Court Confronts Trump's Power to Disrupt World Trade (1)The U.S. Senate confirmed President Donald Trump's nominee, Joshua Dunlap, to the 1st U.S. Circuit Court of Appeals, marking a significant shift for the Boston-based court that had, until now, consisted solely of judges appointed by Democratic presidents. The confirmation vote was 52-46, largely along party lines. This is Trump's first successful appointment to the 1st Circuit, long viewed as a legal roadblock to many of his policies due to its liberal composition.Dunlap, a conservative litigator from Maine, has a background in challenging progressive state laws, including Maine's ranked-choice voting system and paid family leave policies. He previously interned with the conservative legal advocacy group Alliance Defending Freedom and has expressed personal views critical of abortion and same-sex marriage in past public writings. During his confirmation hearing, he maintained that his personal beliefs would not influence his judicial decisions.The vacancy Dunlap fills opened when Judge William Kayatta, an Obama appointee, assumed senior status in late 2024. President Biden had nominated Julia Lipez for the seat, but her confirmation stalled before the end of his term. With this appointment, Trump gains a foothold in a court that has played a central role in legal challenges against his administration, and which could now shift incrementally rightward.Senate confirms Trump's pick to join liberal-majority US appeals court | ReutersA federal appeals court appeared doubtful of Sam Bankman-Fried's bid to overturn his fraud conviction and 25-year prison sentence tied to the collapse of his FTX cryptocurrency exchange. During oral arguments, judges on the 2nd U.S. Circuit Court of Appeals questioned whether the trial judge's exclusion of certain defense evidence truly compromised the fairness of the proceedings. One judge asked if, by not disputing the strength of the evidence, Bankman-Fried was effectively conceding its sufficiency.Bankman-Fried's legal team argued that even if the jury had enough evidence to convict, the judge's decisions about what evidence to allow still denied him a fair trial. Specifically, they claimed the jury never saw key materials that could have supported Bankman-Fried's belief that FTX had the funds to honor customer withdrawals.Prosecutors pushed back, emphasizing that the government's case was overwhelming. They noted that three insiders testified they conspired with Bankman-Fried to misappropriate customer funds, and documents corroborated their accounts. Bankman-Fried, once a billionaire and crypto industry figurehead, was convicted in 2023 on seven counts, including fraud and conspiracy, for stealing $8 billion from users.At sentencing, the judge said Bankman-Fried knowingly acted illegally but underestimated the risk of being caught. Though some close to him have reportedly sought a presidential pardon, Trump has not commented. Bankman-Fried is currently incarcerated in a low-security facility in California and is eligible for release in 2044.Appeals court skeptical of Sam Bankman-Fried's bid to toss crypto fraud conviction | ReutersGoogle and Epic Games announced a settlement in their years-long legal dispute over app distribution and payment systems on Android devices. While the full terms were not made public, the agreement follows a 2023 jury verdict in favor of Epic, which found that Google had engaged in anticompetitive behavior by securing exclusivity deals with phone makers and app developers to lock them into its Play Store.The settlement arrives as Google was already under a court order to restructure aspects of its app store. U.S. District Judge James Donato had previously mandated that Google stop favoring its own services and allow developers more freedom, including steering users to cheaper payment options outside the Play Store. He also required Google to provide app catalog access to rivals to support competition.Under the new agreement, many of Donato's requirements remain, but with modifications. Instead of full catalog access, “registered app stores” will now receive equal treatment to the Play Store, and commission fees for off-store purchases are capped at either 9% or 20%, depending on the transaction. Both companies told the court that negotiations involved top executives and were prompted by the court's pressure.The settlement also resolves Epic's related litigation against Samsung. Executives from both companies described the agreement as a step toward greater developer freedom and a more open Android ecosystem. Google emphasized user safety and developer flexibility, while Epic praised the deal as a return to Android's open platform roots.Google, Epic Games Settle Yearslong Legal Fight Over App Store This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

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Sam Bankman-Fried BioSnap a weekly updated Biography.Sam Bankman-Fried, once hailed as the genius founder behind the meteoric rise of FTX, has made headlines again this week as he battles for his future from inside a federal prison cell. He's now two years into a 25-year sentence after a spectacular fall from crypto grace, convicted on sweeping fraud charges tied to billions in vanished customer assets. The stakes could not be higher: according to SFist, Bankman-Fried is not just appealing his conviction but, through his parents—still big names on the Stanford campus—he's trying to secure a pardon from President Donald Trump, especially after Trump pardoned competing crypto tycoon Changpeng Zhao of Binance. According to Bloomberg, Bankman-Fried has lawyered up with appellate star Alexandra Shapiro, who also represents Sean Diddy Combs in his own high-profile appeals fight, a casting twist that's pure modern irony since SBF and Diddy reportedly shared time in the same jail unit.Monday's appeal hearing in Manhattan was anything but routine, with Shapiro arguing that Judge Lewis Kaplan stacked the original trial against Bankman-Fried—purportedly ridiculing him on the stand and curtly rejecting arguments crucial to the defense, such as the role lawyers played in drafting key documents at FTX. But AP and ABC News report the three-judge panel seemed unconvinced, grilling Shapiro on whether Bankman-Fried's version of events could have meaningfully swayed the jury given what Circuit Judge Barrington Parker called "very substantial evidence" of guilt. Still, the appeal claims that the jury only heard one side of the story and that Bankman-Fried was not permitted to explain himself or present crucial context, especially when it came to differentiating between criminal intent and a temporary liquidity crisis.Even as prosecutors reminded the court that several FTX insiders—some former confidantes and even a romantic partner—testified he personally directed the cover-ups, Shapiro maintained that the picture painted by the government was misleading. She even cited data showing 98 percent of creditors have already received more than their original investment, arguing FTX's bankruptcy was not the investor-annihilating catastrophe the DOJ described.Meanwhile on social media, controversy surrounding crypto pardons continues to swirl, with Ron Filipkowski's viral post about Trump's deals and SBF's reported ideological pivot serving up a fresh round of digital outrage. Adding to the circus, podcast hosts and legal analysts are dissecting every twist in SBF's story, from his media calls from jail to the role of his parents, hoping for a Trump lifeline.For now, there's no ruling on the appeal and no official word on potential clemency. The consensus among major outlets is that Bankman-Fried's chances are slim, but as with anything in crypto's wild world, surprise headlines could drop at any moment.Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

This Day in Legal History: Massachusetts Institutes Death Penalty for HeresyOn November 4, 1646, the Massachusetts General Court enacted a law that imposed the death penalty for heresy, marking one of the most extreme expressions of religious intolerance in early American colonial history. The law required all members of the colony to affirm the Bible as the true and authoritative Word of God. Failure to do so was not merely frowned upon—it was made a capital offense. This legislation reflected the theocratic underpinnings of the Massachusetts Bay Colony, which had been established by Puritans seeking religious freedom for themselves but not necessarily for others.The Puritan leadership equated dissent with disorder, and heresy with treason against divine authority. The law was aimed particularly at groups such as Quakers, Baptists, and others who challenged orthodox Puritan theology. While it is unclear whether anyone was actually executed under this specific statute, it laid the foundation for later persecution, including the execution of Mary Dyer, a Quaker, in 1660. The law exemplifies how early colonial governments wielded both civil and religious authority in tandem.It also foreshadows the centuries-long struggle in American legal and cultural history to define the boundaries between church and state. Though the U.S. Constitution would later enshrine religious freedom in the First Amendment, this 1646 law demonstrates how precarious that freedom was in earlier periods. The harshness of the law also underscores the broader context of 17th-century Europe and its colonies, where religious uniformity was often enforced through state power. Massachusetts would gradually shift away from such punishments, but not without considerable resistance.Sam Bankman-Fried's legal team will argue before the 2nd U.S. Circuit Court of Appeals that his conviction for defrauding FTX customers should be overturned. The 33-year-old former crypto executive is currently serving a 25-year sentence after being found guilty in 2023 of stealing $8 billion from FTX users. His lawyers claim the trial judge unfairly excluded key evidence—specifically, information supporting Bankman-Fried's belief that FTX had sufficient assets to cover customer withdrawals. Prosecutors counter that the evidence against him, including internal records and testimony from former associates, was overwhelming.Bankman-Fried was once considered a leading figure in the crypto space, known for his high-profile donations and media presence before his downfall. During the trial, former executives at FTX and Alameda Research testified that he instructed them to misuse customer funds to cover hedge fund losses. He was convicted of two fraud counts and five conspiracy charges. Judge Lewis Kaplan, who sentenced him in March 2024, said Bankman-Fried knowingly acted criminally but underestimated the risk of detection. There are also unconfirmed reports that some in his circle are lobbying Donald Trump for a pardon, though Trump has not commented. Bankman-Fried is currently incarcerated at a low-security facility in California and is expected to be released in 2044.Sam Bankman-Fried's lawyers to argue for new fraud trial for FTX founder | ReutersGetty Images has largely lost its high-profile UK lawsuit against Stability AI, the company behind the image-generating tool Stable Diffusion. Getty had accused Stability AI of copyright infringement, claiming the AI system was trained on millions of its images without permission. However, Getty dropped the core part of the case mid-trial due to insufficient evidence about where and how the AI was trained, leaving that central legal question unresolved. The remaining claims focused on trademark infringement and secondary copyright violations.The High Court ruled that Getty partially succeeded on the trademark issue, noting Stable Diffusion sometimes generated images that included Getty's watermark. But the judge emphasized that this finding was historically narrow and of limited scope. Getty's broader copyright claim was dismissed, with the court finding that Stable Diffusion does not store or directly reproduce copyrighted works. Legal experts called the ruling disappointing for copyright holders and warned it exposed gaps in UK intellectual property protections regarding AI.Both companies claimed aspects of victory: Getty pointed to the trademark ruling and the recognition that AI models can be subject to IP laws, while Stability AI emphasized that the decision effectively cleared the core copyright concerns. Getty warned the decision highlights the difficulty even well-funded companies face in protecting creative works and urged governments to strengthen transparency rules around AI training data. Legal analysts say the ruling leaves a major legal question unresolved—whether training AI on copyrighted content without consent constitutes infringement under UK law.Getty Images largely loses landmark UK lawsuit over AI image generator | ReutersPennsylvania lawmakers are advancing a regulatory and fee-based proposal targeting “skill games”—arcade-style gambling machines—without first resolving the legal and oversight framework surrounding them. Senate Bill 1079, introduced by Senators Gene Yaw and Anthony Williams, proposes a $500 monthly fee per machine, capped at 50,000 terminals, potentially raising $300 million annually. However, I argue that this revenue-driven approach puts fiscal goals ahead of sound regulation. The bill includes some regulatory provisions like machine limits, ID checks, and a centralized monitoring system, but these appear to have been crafted after the fee structure, not as foundational policy.Skill games have operated in a legal gray area since a 2023 court ruling found they don't meet the state's definition of gambling devices. That ambiguity has persisted, leaving the machines largely unregulated but widespread. Instead of clarifying the legal status of these machines and building a regulatory framework first, lawmakers now seem focused on monetizing them quickly—potentially to preempt a stricter tax plan proposed by Governor Shapiro. The bill notably keeps enforcement under the Department of Revenue rather than the more experienced Gaming Control Board, raising questions about effective oversight.This structure may incentivize the rapid deployment of machines to meet revenue goals, risking poor compliance and ineffective safeguards. In sum, I go on to say the proposal uses regulation to justify revenue collection, rather than using revenue to support a robust regulatory system. Without a clear legal definition, licensing process, and proper enforcement authority, the current plan prioritizes money over governance.Pennsylvania Skill Game Fee Regulations Have Questionable Timing This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Sam Bankman-Fried, founder and former CEO of cryptocurrency exchange FTX, is serving 25 years in federal prison for fraud. His company collapsed and went bankrupt in 2022. Investigators found that billions of dollars in customer funds had been borrowed without permission to help shore up Bankman-Fried's other firm, Alameda Research. But throughout the last three years, Bankman-Fried has maintained his innocence, and he's filed an appeal. A hearing is scheduled for Nov. 4.Marketplace's Nova Safo spoke with Jonathan Jones, a reporter and producer for the investigative podcast “Reveal,” who spent hours talking to the former CEO, FTX insiders and customers.

Sam Bankman-Fried, founder and former CEO of cryptocurrency exchange FTX, is serving 25 years in federal prison for fraud. His company collapsed and went bankrupt in 2022. Investigators found that billions of dollars in customer funds had been borrowed without permission to help shore up Bankman-Fried's other firm, Alameda Research. But throughout the last three years, Bankman-Fried has maintained his innocence, and he's filed an appeal. A hearing is scheduled for Nov. 4.Marketplace's Nova Safo spoke with Jonathan Jones, a reporter and producer for the investigative podcast “Reveal,” who spent hours talking to the former CEO, FTX insiders and customers.

Reports have revealed that Sam Bankman-Fried, the disgraced founder of FTX, and convicted sex trafficker Ghislaine Maxwell both employed the same private investigator, former NYPD detective Jimmy Harkins. Harkins, known in elite legal circles for his aggressive and discreet methods, reportedly worked for Maxwell during her criminal proceedings and later joined Bankman-Fried's defense team as part of his effort to counter damaging press and investigate witnesses. His involvement with both cases sparked interest because of the striking contrast between the two clients — one a fallen crypto mogul, the other convicted for aiding Jeffrey Epstein's child-sex trafficking operation — yet both navigating reputational crises at the highest levels of notoriety.The overlap underscores how a small, interconnected network of private operatives often serves powerful defendants across radically different scandals. Harkins's reputation as a “fixer” for the wealthy adds to skepticism about whether such investigators simply gather facts or operate to intimidate, discredit, and manage narratives. Given the secrecy around his methods and the lack of clarity about what work he performed for Maxwell and Bankman-Fried, the connection raises uncomfortable questions about how much of elite crisis management exists in the shadows — and how the same professionals keep resurfacing when the stakes involve power, money, and scandal.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.

Reports have revealed that Sam Bankman-Fried, the disgraced founder of FTX, and convicted sex trafficker Ghislaine Maxwell both employed the same private investigator, former NYPD detective Jimmy Harkins. Harkins, known in elite legal circles for his aggressive and discreet methods, reportedly worked for Maxwell during her criminal proceedings and later joined Bankman-Fried's defense team as part of his effort to counter damaging press and investigate witnesses. His involvement with both cases sparked interest because of the striking contrast between the two clients — one a fallen crypto mogul, the other convicted for aiding Jeffrey Epstein's child-sex trafficking operation — yet both navigating reputational crises at the highest levels of notoriety.The overlap underscores how a small, interconnected network of private operatives often serves powerful defendants across radically different scandals. Harkins's reputation as a “fixer” for the wealthy adds to skepticism about whether such investigators simply gather facts or operate to intimidate, discredit, and manage narratives. Given the secrecy around his methods and the lack of clarity about what work he performed for Maxwell and Bankman-Fried, the connection raises uncomfortable questions about how much of elite crisis management exists in the shadows — and how the same professionals keep resurfacing when the stakes involve power, money, and scandal.to contact me:bobbycapucci@protonmail.com

Sam Bankman-Fried claims FTX was never insolvent. Sam Bankman-Fried claims FTX was never insolvent and blames bankruptcy lawyers for the company's collapse. The X post is an effort from Bankman-Fried's broader campaign to reframe his conviction and win political sympathy. Will he be pardoned by the President? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠⁠⁠midnight.network/break-free⁠⁠⁠⁠⁠ - Bridge simplifies global money movement. As the leading stablecoin issuance and orchestration platform, Bridge abstracts away blockchain complexity so businesses can seamlessly move between fiat and stablecoins. From payroll providers and remittance companies to neobanks and treasury teams, Bridge powers payments, savings, and stablecoin issuance for thousands – like Shopify, Metamask, Remitly, and more. URL: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://hubs.ly/Q03KGbRK0⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - OwlTing (Nasdaq: OWLS) is building invisible rails for global payments. With OwlPay, businesses and users can bridge fiat and stablecoins, send money instantly across borders, and access stablecoin checkout at lower costs. Licensed worldwide, OwlTing delivers secure, compliant, and regulated infrastructure for the digital economy. Learn more at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠owlting.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Taylor Fleming.

Front Run The Week — Free SignalsGet early signals before they hit headlines. Subscribe free — or upgrade for member rewards — at https://tokentrust.substack.comNow that the NBA gambling scandal has come to light, I'm thinking less about the bets and more about the setup. The rim's still ten feet high — even when players like Victor Wembanyama could use it as a footstool. It's not about cheating; it's about advantage.Same thing in crypto. The giants — the exchanges, the funds, the insiders — are playing above the rim. The rest of us are trying to touch net while pretending it's a fair game.This week on The Chip Mahoney Show, I'm connecting the dots between the NBA's gambling mess, FTX's arena deal, and the way markets keep pretending the floor and ceiling are the same height. Because the truth is simple: the rim never moved — the players just got taller. Signals — 7-Day Free TrialGet early market signals, macro indicators, and the projects I'm tracking before they trend. Start your free 7-day trial at https://tokentrust.substack.com

Reports have revealed that Sam Bankman-Fried, the disgraced founder of FTX, and convicted sex trafficker Ghislaine Maxwell both employed the same private investigator, former NYPD detective Jimmy Harkins. Harkins, known in elite legal circles for his aggressive and discreet methods, reportedly worked for Maxwell during her criminal proceedings and later joined Bankman-Fried's defense team as part of his effort to counter damaging press and investigate witnesses. His involvement with both cases sparked interest because of the striking contrast between the two clients — one a fallen crypto mogul, the other convicted for aiding Jeffrey Epstein's child-sex trafficking operation — yet both navigating reputational crises at the highest levels of notoriety.The overlap underscores how a small, interconnected network of private operatives often serves powerful defendants across radically different scandals. Harkins's reputation as a “fixer” for the wealthy adds to skepticism about whether such investigators simply gather facts or operate to intimidate, discredit, and manage narratives. Given the secrecy around his methods and the lack of clarity about what work he performed for Maxwell and Bankman-Fried, the connection raises uncomfortable questions about how much of elite crisis management exists in the shadows — and how the same professionals keep resurfacing when the stakes involve power, money, and scandal.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Can Sun, Co-founder of Backpack and former General Counsel at FTX, unpacks the hard lessons of the FTX collapse, and how Backpack is rebuilding a compliance-first, trust-minimized global crypto exchange with transparent proof-of-reserves and regulatory ambition spanning MiFID II, MiCA, and beyond.

Jupiter controls 15-20% of all onchain crypto users. Now they're launching their own stablecoin.In this episode of Stabled Up, we sit down with Kash Dhanda, founder of Jupiter, to discuss how they survived the FTX collapse, why every protocol is launching stablecoins, and what Jupiter's super app strategy means for Solana.We discuss:- How Jupiter survived the FTX collapse- The $2.1B JLP token strategy- Why every protocol is launching stablecoins now- JUP USD's Athena partnership details- Jupiter's new ICO platform dropping in November- Why stablecoins are the next evolution for DeFi protocolsTimestamps:00:00 Intro00:06 Why Calling Market Tops Is a Fool's Game01:32 Liquidity Environment & Trump's Fed Plans03:35 Gold vs Bitcoin: The Correlation Nobody Expected05:08 Gold's Historical Performance (The 30-Year Underperformance)06:38 Mean Reversion Trade Analysis08:35 Relay Ad, Enso Ad, Talus Ad09:20 Government Debt Strategy (How They'll Print Their Way Out)10:30 Bitcoin-Gold Ratio Discussion 12:39 Coinbase's Echo Acquisition16:36 Crowdsourced Fundraising Future 17:19 Fed Payments Innovation Conference (What's Actually Happening)18:04 Maple & Aave Partnership (Institutional DeFi Is Starting)21:49 Alvara Ad, Hibachi Ad22:10 Wall Street Meets DeFi Finally Happening24:50 Bitcoin As Portfolio Collateral (The Institutional Use Case)27:16 Money Multiplier & Credit Extension 28:06 Stablecoin Fed Access Plans (Trump's Administration Wildcard)31:25 Closing ThoughtsWebsite: https://therollup.co/Spotify: https://open.spotify.com/show/1P6ZeYd...Podcast: https://therollup.co/category/podcastFollow us on X: https://www.x.com/therollupcoFollow Rob on X: https://www.x.com/robbie_rollupFollow Andy on X: https://www.x.com/ayyyeandyJoin our TG group: https://t.me/+TsM1CRpWFgk1NGZhThe Rollup Disclosures: https://therollup.co/the-rollup-discl

FTX's bankruptcy left hundreds of thousands of customers waiting for money while nearly $1 billion goes to legal fees. Inside the convoluted process of the FTX Bankruptcy. Investigative reporters Jonathan & Sophie dive much deeper into what happened *after* SBF was ousted. Hundreds of thousands of individual customers became creditors, getting paid in dollar values from the bankruptcy filing date when the market bottomed out (Meanwhile, nearly $1 billion in fees went to the bankruptcy process expenses) When you're waiting for money and told you won't get it back while watching massive fee statements pile up, something feels really wrong. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • FTX had hundreds of thousands of individual creditors • Creditors repaid in bankruptcy filing at market low • Nearly $1 billion total in bankruptcy fees • Sullivan and Cromwell among multiple firms paid Timestamps: 00:00 Start 02:56 Beginning the investigation 05:37 Interviewing SBF 08:21 Beginning bankruptcy 10:23 The bankruptcy claim experience 13:30 Who handled the bankruptcy? 16:08 What were the FTX assets? 17:35 A complicated portfolio 20:07 Bankruptcy firm double dipping? 22:50 Customer questions 27:56 Are these fees normal? 33:19 Reimbursements to date 35:33 BTC go up 36:58 What's next? 39:35 Next step for journalists? -

I have some claim to be an “old hand” EA:[1] I was in the room when the creation Giving What We Can was announced (although I vacillated about joining for quite a while) I first went to EA Global in 2015 I worked on a not-very successful EA project for a while But I have not really been much involved in the community since about 2020. The interesting thing about this is that my withdrawal from the community has nothing to do with disagreements, personal conflicts, or FTX. I still pretty much agree with most “orthodox EA” positions, and I think that both the idea of EA and the movement remain straightforwardly good and relevant. Hence why I describe the process as “senescence”: intellectually and philosophically I am still on board and I still donate, I just… don't particularly want to participate beyond that. Boredom I won't sugar-coat [...] ---Outline:(01:00) Boredom(04:05) What do I have to offer?--- First published: October 19th, 2025 Source: https://forum.effectivealtruism.org/posts/rJqQGD2z2DaupCbZE/my-ea-senescence --- Narrated by TYPE III AUDIO.

Sam Bankman-Fried raised eyebrows when he hired Mark Cohen, the same attorney who represented Ghislaine Maxwell during her high-profile sex-trafficking trial. Cohen, a former federal prosecutor and co-founder of the law firm Cohen & Gresser, was part of Maxwell's defense team that argued she was being scapegoated for Jeffrey Epstein's crimes. Bankman-Fried brought Cohen on to lead his defense following his arrest in late 2022, a move that immediately sparked comparisons between the two notorious cases — both involving allegations of manipulation, power, and privilege shielding elites from accountability.The decision was strategic, not coincidental. Cohen's expertise lies in navigating complex federal prosecutions involving massive evidence and global attention — precisely what Bankman-Fried faced in his FTX fraud case. His partner, Christian Everdell, another veteran of the Maxwell defense, also joined the SBF legal team. The pairing signaled that Bankman-Fried's defense would mirror Maxwell's in tone and sophistication, emphasizing procedural scrutiny and reasonable-doubt tactics over moral argument — a calculated legal strategy to counter the government's sweeping narrative.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

What happens when your son builds one of the largest crypto empires in history—and then it all comes crashing down?On this episode of Nightmare Success In and Out, Brent Cassity sits down with Joe Bankman, Stanford law professor and father of Sam Bankman-Fried, the convicted founder of FTX. In a candid and emotional conversation, Joe shares what it was like to watch the meteoric rise of FTX, the devastating collapse, and the personal toll it has taken on his family.This is not just a story about crypto or courtroom drama—it's about fatherhood, resilience, and what it means to survive when your worst nightmare becomes your reality. Joe opens up about the weight of public scrutiny, the heartbreak of watching his son fall, and how he and his family are finding a path forward in the shadow of a global scandal.If you've ever wondered how families endure when the spotlight turns harsh, this episode is one you won't forget.Show sponsors: Navigating the challenges of white-collar crime? The White-Collar Support Group at Prisonist.org offers guidance, resources, and a community for those affected. Discover support today at Prisonist.org Protect your online reputation with Discoverability! Use code NIGHTMARE SUCCESS for an exclusive discount on services to boost your digital image and online reputation. Visit Discoverability.co and secure your online presence today. Skip the hassle of car shopping with Auto Plaza Direct. They'll handle every detail to find your perfect vehicle. Visit AutoPlazaDirect.com "Your personal car concierge!"

What happens when you give 3,000 Magic the Gathering nerds billions in capital, a dream, and a poorly regulated options market? Crime. This episode is about Jane Street. Edited and thumbnail by Noah JOIN US ON PATREON FOR EARLY EPISODE RELEASES, BONUS CONTENT, AND MORE: www.patreon.com/desperateactsofcapitalism BIG THINGS ARE COMING Sources: Why Jane Street, a US trading giant, is in trouble in India https://www.bbc.com/news/articles/c5y0zgrevl1o Jane Street invested in start-up turning China's noodle shop sales into securities https://www-ft-com.ezp-prod1.hul.harvard.edu/content/112bd653-35c0-4d12-b9af-2c1d38d0e90d Jane Street Strategy and Product Internship, May-August https://www.janestreet.com/join-jane-street/position/7828490002/ How the hell did Jane Street alumni end up creating FTX? https://www.ft.com/content/679d0fa9-8491-44f5-8336-f390d6c877fe Jane Street: the top Wall Street firm ‘no one's heard of' https://www.ft.com/content/81811f27-4a8f-4941-99b3-2762cae76542 Jane Street is big. Like, really, really big https://www.ft.com/content/54671865-4c7f-4692-a879-867ef68f0bde Wealthy Wall Street recluse claims he was duped by Harvard fellow into funding weapons for alleged coup in South Sudan https://www.the-independent.com/news/world/americas/crime/south-sudan-coup-peter-ajak-b2777162.html

In this episode of Crazy Wisdom, host Stewart Alsop speaks with Paul Sztorc, CEO of Layer2 Labs, about Bitcoin's evolution, the limitations of the Lightning Network, and how his ideas for drivechains and merge-mined sidechains could transform scalability and privacy on the Bitcoin network. They cover everything from Zcash's zero-knowledge proofs and “moon math” to the block size wars, sound money, and the economic realities behind crypto hype cycles. Paul also explains his projects like Zside and Thunder, which aim to bring features like Zcash-style privacy and high-speed transactions to Bitcoin. Listeners can try Layer2 Labs' software or learn more at layer2labs.com/download.Check out this GPT we trained on the conversationTimestamps00:00 Stewart Alsop opens with Paul Sztorc from Layer2 Labs, discussing the connection between Bitcoin and Zcash and how privacy could be added through zero-knowledge proofs.05:00 Paul critiques early Layer 2s like Rootstock and Lightning, calling many “not real” or custodial, and compares the current scene to the .com bubble.10:00 They explore media hype, Silicon Valley culture, and crypto's cycles of optimism and collapse, mentioning Theranos, FTX, and fake-it-till-you-make-it culture.15:00 Conversation shifts to sound money, government spending, and how Bitcoin could improve fiscal responsibility, referencing Milton Friedman's ideas.20:00 Paul questions Bitcoin treasury companies like MicroStrategy, explaining flawed incentives and better direct ownership logic.25:00 They move into geopolitics and The Sovereign Individual, discussing borders, state control, and the future of digital sovereignty.30:00 Paul explains zero-knowledge proofs, Zcash's “moon math,” and the evolution from sapling to Halo 2 for better privacy.35:00 The topic turns to drivechains, BIP300, and Layer2 Labs' projects like Zside and Thunder, built for real Bitcoin scalability.40:00 Paul explains why Lightning fails, liquidity limits, and why true scaling requires optional L2s with large block capacity.45:00 They discuss the block size war, merge mining, and how miners and nodes interact in Bitcoin's structure.50:00 Paul breaks down the Merkle tree, block headers, and SHA-256 puzzles miners race to solve for proof-of-work.55:00 The episode closes with how L1–L2 coordination works, the mechanics of slow withdrawals, and secondary markets in drivechains.Key InsightsBitcoin's privacy gap and Zcash's influence: Paul Sztorc begins by explaining how Bitcoin lacks true privacy since senders, receivers, and amounts are visible on-chain. He describes Zcash as a model for achieving anonymity through zero-knowledge proofs and explains how Layer2 Labs aims to bring that same level of privacy to Bitcoin without introducing a new altcoin or token.The failure of current Layer 2 solutions: Paul argues that existing Bitcoin Layer 2s like Lightning and Rootstock are flawed—either custodial, inefficient, or deceptive. He compares today's crypto landscape to the dot-com bubble, full of overhyped projects and scams that will collapse before the genuine solutions survive.Sound money and political accountability: The discussion expands beyond technology to economics, as Paul highlights how unsustainable government debt and spending distort incentives. He believes Bitcoin could restore discipline to fiscal systems by forcing real accounting and limiting the political capacity to inflate or borrow endlessly.Corporate Bitcoin strategies are often misguided: Paul criticizes companies like MicroStrategy for treating Bitcoin as a speculative treasury asset instead of using it for real utility. He argues that investors should just buy Bitcoin directly rather than buy shares in companies that hold it, since intermediaries introduce unnecessary risk, fees, and opacity.Drivechains as Bitcoin's missing scalability link: Sztorc presents drivechains, outlined in his proposal BIP300, as the practical way to scale Bitcoin. Drivechains allow multiple Layer 2s to exist simultaneously, each optimized for specific features like privacy, larger blocks, or smart contracts, all while using the same 21 million BTC.Lightning Network's structural limitations: Paul dismantles Lightning's core assumptions, pointing out that it cannot scale globally because each channel requires on-chain transactions and constant liquidity maintenance. He calls Lightning a “Theranos of Bitcoin,” arguing that it distracts the community from genuine, scalable innovation.Merge mining and the path to Bitcoin's future: The episode concludes with Paul describing merge mining as the mechanism that unites L1 and L2 securely, letting miners earn more revenue without extra work. He envisions a Bitcoin ecosystem where optional, diverse L2s provide privacy, speed, and flexibility—anchored by a lean, reliable L1 base.

Are government shutdowns good for Bitcoin?FEATURING:Vlad Costea (https://x.com/thevladcostea)Dan Eve (https://x.com/cryptopoly)Thomas Hunt (https://twitter.com/MadBitcoins)THIS WEEK:  ———Bitcoin is getting a shutdown boost. More money could rotate into the crypto and out of goldhttps://www.cnbc.com/2025/10/01/bitcoin-is-getting-a-shutdown-boost-more-money-could-rotate-into-the-crypto-and-out-of-gold.htmlSource: CNBCDow rallies 500 points to record as Wall Street looks past shutdown fears: Live updateshttps://www.cnbc.com/2025/10/02/stock-market-today-live-updates.htmlSource: CNBCWalmart-backed fintech OnePay is bringing crypto to its banking app, sources sayhttps://www.cnbc.com/2025/10/03/walmart-onepay-is-rolling-out-crypto-to-mobile-banking-app.htmlSource: CNBCBitcoin Price Prediction: Could BTC Price Reach $10,000,000 By 2040https://coincentral.com/bitcoin-price-prediction-could-btc-price-reach-10000000-by-2040/Source: Coincentral—-BlackRock Files for Bitcoin Yield ETF as IBIT Sequelhttps://bitbo.io/news/blackrock-bitcoin-yield-etf/Source: Bit BoICE raids bitcoin mine in Pyote, Texashttps://blockspace.media/insight/ice-raids-bitcoin-mine-in-pyote-texas/Source: BlockspaceToday over $1.4B has been returned to more than 100K people from the FTX estate, with @krakenfx helping to make that possible.https://twitter.com/arjunsethi/status/1973113239602139513?s=46Source: Twitter | @arjunsethiJUST IN: Bitcoin Core has undeprecated the datacarrier and datacarriersize config options.This means node operators retain precise control over OP_RETURN transactions, deciding whether to relay them and how much data they can carry.https://twitter.com/bitcoinnewscom/status/1973168217763074555?s=46Source: Twitter | @BitcoinNewsCom________________________________________________________________World Crypto Networkhttps://www.worldcryptonetwork.com/On This Day in World Crypto Network Historyhttps://www.worldcryptonetwork.com/onthisday/---------------------------------------------------------------------------Please Subscribe to our Youtube Channelhttps://m.youtube.com/channel/UCR9gdpWisRwnk_k23GsHf

SummaryIn this conversation, Adam Back, and Matt Odell discuss the critical importance of self-custody in Bitcoin management, especially in light of past events like FTX. They explore the nuances of custody solutions for both individuals and businesses, emphasizing the need for secure practices and the balance between self-custody and third-party risks. The discussion also touches on treasury management for large companies and the emerging demand for proof of reserves to enhance operational security.TakeawaysSelf-custody is essential for protecting assets.The phrase 'not your keys, not your coins' highlights the importance of ownership.Small businesses can benefit from adopting Bitcoin as a treasury asset.Multi-sig solutions provide enhanced security for large organizations.Proof of reserves can increase confidence in custodial services.Operational security is a significant concern for companies managing Bitcoin.Single sig custody is sufficient for many individuals.Backup strategies should include fireproof and offsite storage.The recovery process for Bitcoin can be user-friendly.The industry is evolving towards better custody solutions.KeywordsBitcoin, self-custody, asset protection, treasury management, proof of reserves, multi-sig, custody solutions, small business, large companies, operational security

When the cryptocurrency exchange FTX imploded, customers around the world lost access to their money. Founder Sam Bankman-Fried was convicted of fraud and sent to prison. But the story didn't stop there. For the past three years, FTX has been in bankruptcy, a legal process that determines who will be paid back and how much they'll receive. From the start, some customers and FTX insiders have criticized the bankruptcy. Legal experts and a bipartisan group of senators objected to the law firm tapped to run it, raising concerns about potential conflicts of interest. But the bankruptcy court and an independent examiner signed off on the firm's appointment as lead counsel.  This year, customers are receiving compensation for their losses, but many say they're being shortchanged. Instead of being paid in cryptocurrency, they're receiving cash, with their claims pegged to the value of crypto when the market was at an all-time low. “Under this plan, my contractual rights and my ownership rights have been trampled; my property rights have been disregarded,” says Lidia Favario, an Italian artist who argued in court that customers should be repaid in crypto, not cash.This week on Reveal, in the second part of our series on FTX, we examine the decisions that shaped what's become one of the most expensive bankruptcies in US history. Read the FTX bankruptcy estate's on-the-record statement to Reveal.  Support Reveal's journalism at Revealnews.org/donatenow Subscribe to our weekly newsletter to get the scoop on new episodes at Revealnews.org/weekly Connect with us on Bluesky, Facebook and Instagram Learn about your ad choices: dovetail.prx.org/ad-choices

More To The Story: The growth of crypto—decentralized digital currency that doesn't rely on the backing of a bank or government—is one of the most transformative financial developments of the 21st century. And yet cryptocurrencies still baffle so many. How risky of an investment is it? Where do I buy it? And, wait, what is crypto again? On this week's More To The Story, host Al Letson sits down with independent journalist Molly White for some answers. She examines the growth of cryptocurrency in the US, how digital currencies have begun permeating American politics, and the extreme risks and rewards of investing in crypto as the Trump administration is deregulating the industry. White also recounts the epic rise and fall of FTX, the cryptocurrency exchange started by Sam Bankman-Fried, who was convicted of fraud in 2023. FTX's collapse and ensuing bankruptcy is the focus of Reveal's new two-part series, The Secret Story of FTX's Rise and Ruin.Producer: Josh Sanburn | Editor: Kara McGuirk-Allison | Theme music: Fernando Arruda and Jim Briggs | Copy editor: Nikki Frick | Deputy executive producer: Taki Telonidis | Executive producer: Brett Myers | Executive editor: James West | Host: Al Letson Donate today at Revealnews.org/more Subscribe to our weekly newsletter at Revealnews.org/weekly Follow us on Instagram and Bluesky Listen: The Secret Story of FTX's Rise and Ruin Part 1 (Reveal)Read: Hodl Be Thy Name: My Adventures With Bitcoin's True Believers (Mother Jones)Learn more: Follow the CryptoRead: Crypto: The Currency of the (Uninhabitable) Future (Mother Jones) Learn about your ad choices: dovetail.prx.org/ad-choices

John, VP of Product at Horizen Labs, breaks down how Zero-Knowledge Proofs (ZKPs) shift us from “trust” to “zero doubt.” We cover what ZK is (with an intuitive cave/password analogy), why ZK rollups matter, and how ZK Verify aims to be a dedicated, hyper-efficient proof-verification blockchain (think “B2B chain” living behind apps). We discuss tradeoffs (security/decentralization/throughput), SNARKs vs STARKs, real use cases (logins, proof of personhood, high-frequency trading privacy), why some things are over-hyped (prediction markets), and what's next (mainnet, grants, API tools, and massive proof scalability). If you care about scaling Web3 without sacrificing trustlessness, this one's for you.Timestamps[00:00] John's path from banking product to ZK & Horizen Labs[00:03] What Horizen Labs builds; the through-line of ZK across products[00:05] ZK explained: proving without revealing (the cave & secret door)[00:08] Why ZK rollups: decongesting Ethereum and lowering gas[00:10] ZK Verify: a dedicated chain for proof verification (Celestia-style specialization)[00:13] Product vision: mainnet, throughput, efficiency; exploring more of the ZK stack[00:14] Who uses it: “B2B blockchain” for high-volume proofs (DEX/HFT, logins, identity)[00:16] The trilemma still exists; where ZK helps and where tradeoffs remain[00:18] SNARKs vs STARKs; trusted setups & security nuance[00:21] Scaling challenges: fast-moving ZK landscape; substrate upgrades; mainstream timing[00:24] Adoption: UX, stablecoins, institutions, and avoiding another FTX moment[00:31] “Zero doubt” > “trust”: why ZK removes the need to trust[00:32] Most over-hyped now? Prediction markets (and a caveat)[00:36] Roadmap: capacity, aggregation, sample apps, grants, dev onboarding[00:40] Ask: builders, followers, grant applicants, API usersConnecthttps://horizenlabs.io/https://www.linkedin.com/company/horizenlabs/https://x.com/horizenlabshttps://www.linkedin.com/in/johncamardo/https://x.com/john_camardoDisclaimerNothing mentioned in this podcast is investment advice and please do your own research. Finally, it would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend.Be a guest on the podcast or contact us - https://www.web3pod.xyz/

Sam Bankman-Fried was once called the “crypto king.” But in November 2022, his company, FTX, imploded within a matter of days. All around the world, customers of the cryptocurrency exchange were suddenly cut off from their money. “I tried to withdraw an amount, you know, and it would spin and say, your, your withdrawal is pending,” says Tareq Morad, an investor from Canada. “I remember myself doing that around 7, 8 o'clock at night, checking back, going to look: Okay, did it go through? Did it go through? No. No. No.”Meanwhile, inside the company, employees were panicking. “All that we were told was there's been a run on the bank and, somehow, money is missing and we don't know who to trust,” remembers Caroline Papadopoulos, part of FTX's accounting leadership at the time. This week on Reveal, through prison interviews with Bankman-Fried, his parents, FTX insiders, and customers, we take you through the frantic week of FTX's collapse and the controversial and less well-known bankruptcy that followed. At a cost of nearly $1 billion, it has become one of the most expensive in history.  Support Reveal's journalism at Revealnews.org/donatenow Subscribe to our weekly newsletter to get the scoop on new episodes at Revealnews.org/weekly Connect with us on Bluesky, Facebook and Instagram Learn about your ad choices: dovetail.prx.org/ad-choices

Crypto News: XRP and DOGE ETFs Smash Records with $54.7M combined Day-One volume. The first XRP backed Stablecoin launched by Enosys, a friendly fork of Liquity V2 by Liquity Protocol, deployed on the Flare Networks.Show Sponsor - ✅ VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/

Want the 9 investment principles guide? Get it here: https://clickhubspot.com/rhs Episode 747: Shaan Puri ( https://x.com/ShaanVP ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Thomas Braziel ( https://x.com/thomasbraziel ) about distress investing. — Show Notes: (0:00) Distressed investing 101 (6:06) FTX deal details (25:59) First, Best, Worst, Weirdest (33:27) Shop Madison not Canal (34:27) Your first decade is tuition (38:25) Where Tom puts his cash (41:46) A position well bought is already half sold (43:35) The ugly side (46:24) How to handle public controversy (55:42) Recommended reading (59:33) E.P. Taylor — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam's List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano