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

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.

We're pissed. How are you feeling?

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.

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Timestamps:

0:00 Intro
4:52 We're Pissed
9:52 Alameda Leveraged Data
13:34 Why Did We Accept This?
15:19 Regulators & Regulation?
21:55 Where Did the Money Come From?
24:42 The Human Destruction
26:35 Who Can You Trust?
30:51 What Will Regulators Do?
35:35 Will the Contagion Continue?
38:42 BlockFi
40:44 What Caused This?
45:10 Ego
47:50 What Should We Do Going Forward?
56:26 Who & Where Are the Adults?
58:33 How Long to Heal?
1:02:05 Is the Worst Behind Us?
1:03:55 Closing & Disclaimers

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Resources:

Matt Walsh
https://twitter.com/MattWalshInBos

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
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