How the FTX Meltdown Happened—explained by Castle Island's Matt Walsh

<p>Where were the adults? How did SBF manage to get away with so much (thus far)? We brought on Castle Island's Matt Walsh to explain.</p> <p>We're pissed. How are you feeling?</p> <p>Matt gives us a breath of fresh air as he outlines the timeline of the rest of the contagion, how long the healing process will take, what happens next, and how we rebuild this industry we've all come to know and love.</p> <p>------<br /> Earnifi | Check For Your Unclaimed Airdrops, POAPs, & NFTs<br /> <a href= "https://bankless.cc/earnifi">https://bankless.cc/earnifi</a> </p> <p>------<br /> SUBSCRIBE TO NEWSLETTER: <a href= "https://newsletter.banklesshq.com/?utm_source=banklessshowsyt">https://newsletter.banklesshq.com/?utm_source=banklessshowsyt</a> <br /> ️ SUBSCRIBE TO PODCAST: <a href= "http://podcast.banklesshq.com/">http://podcast.banklesshq.com/</a> </p> <p>------<br /> BANKLESS SPONSOR TOOLS:</p> <p>️ ARBITRUM | SCALING ETHEREUM<br /> <a href= "https://bankless.cc/Arbitrum">https://bankless.cc/Arbitrum</a> </p> <p>ACROSS | BRIDGE TO LAYER 2<br /> <a href= "https://bankless.cc/Across">https://bankless.cc/Across</a> </p> <p>BRAVE | THE BROWSER NATIVE WALLET<br /> <a href= "https://bankless.cc/Brave">https://bankless.cc/Brave</a> </p> <p>LEDGER | NANO HARDWARE WALLETS<br /> <a href= "https://bankless.cc/Ledger">https://bankless.cc/Ledger</a> </p> <p>️FUEL | THE MODULAR EXECUTION LAYER<br /> <a href= "https://bankless.cc/Fuelpod">https://bankless.cc/Fuelpod</a> </p> <p>------<br /> Timestamps:</p> <p>0:00 Intro<br /> 4:52 We're Pissed<br /> 9:52 Alameda Leveraged Data<br /> 13:34 Why Did We Accept This?<br /> 15:19 Regulators & Regulation?<br /> 21:55 Where Did the Money Come From?<br /> 24:42 The Human Destruction<br /> 26:35 Who Can You Trust?<br /> 30:51 What Will Regulators Do?<br /> 35:35 Will the Contagion Continue?<br /> 38:42 BlockFi<br /> 40:44 What Caused This?<br /> 45:10 Ego<br /> 47:50 What Should We Do Going Forward?<br /> 56:26 Who & Where Are the Adults?<br /> 58:33 How Long to Heal?<br /> 1:02:05 Is the Wors