28 min listen
Life in Crypto After FTX
FromWhat Goes Up
ratings:
Length:
42 minutes
Released:
Nov 18, 2022
Format:
Podcast episode
Description
The collapse of Sam Bankman-Fried’s FTX cryptocurrency empire was accelerated when the head of a rival exchange announced he was planning to dump holdings of something called FTT—a token created by FTX that afforded some perks to investors who owned it. At one point, the token was one of the 10 biggest coins in the market, which would have made it eligible for the Bitwise 10 Crypto Index Fund.However, Bitwise never added FTT to the fund. Matt Hougan, chief investment officer of Bitwise Asset Management, joined the What Goes Up podcast to discuss the damage caused by the implosion of FTX and explained why the fund snubbed its coin. “We look at assets that are at undue risk of being found in violation of federal securities laws,” he said. “FTT fell into that framework because we thought it was likely, or possible, to be deemed a security by regulators. And it was largely internally controlled, in our view.”See omnystudio.com/listener for privacy information.
Released:
Nov 18, 2022
Format:
Podcast episode
Titles in the series (100)
The Art of (Trade) War by What Goes Up