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37: Sam Bankman-Fried is Known as Crypto's Bailout King. Is His Own Empire Broke? (w/ Mike Burgersburg)

37: Sam Bankman-Fried is Known as Crypto's Bailout King. Is His Own Empire Broke? (w/ Mike Burgersburg)

FromScam Economy


37: Sam Bankman-Fried is Known as Crypto's Bailout King. Is His Own Empire Broke? (w/ Mike Burgersburg)

FromScam Economy

ratings:
Length:
60 minutes
Released:
Nov 7, 2022
Format:
Podcast episode

Description

Mike Burgersburg of Dirty Bubble Media joins Scam Economy to talk Sam Bankman-Fried aka SBF, founder of the crypto exchange FTX and the crypto hedge fund Alameda Research. Burgersburg explains to host Matt Binder his recent investigations into SBF's interesting ties with Celsius Network, the failed crypto lender, how FTX propped up Celsius and its CEL token, how Celsius paid FTX with users' assets even after it supposedly froze all of their funds, FTX's own stablecoin FTT, SBF's prominence as the guy who shows up to bailout failing crypto companies, and his report into Alameda and how SBF's entire empire may vey well be insolvent.

Check out Mike Burgersburg's Dirty Bubble Media newsletter to read his reports featured on this episode:
- https://dirtybubblemedia.substack.com/p/celsius-liquidated-user-assets-to
- https://dirtybubblemedia.substack.com/p/ftxed-the-tangled-ties-of-celsius
- https://dirtybubblemedia.substack.com/p/is-alameda-research-insolvent

Coindesk's look into Alameda: https://www.coindesk.com/business/2022/11/02/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet/

Visit ScamEconomy.com

Support the show: http://www.patreon.com/mattbinder
Released:
Nov 7, 2022
Format:
Podcast episode

Titles in the series (65)

Bitcoin, the Blockchain, Web3, NFTs...welcome to the Scam Economy. Host Matt Binder (The Majority Report w/ Sam Seder, DOOMED) dives into the world of cryptocurrency in order to reveal the frauds, grifts, and scams. And there's plenty because, really, the whole thing is a scam. It's the Scam Economy.