An Examination of the FTX/Alameda Collapse with Chris Sullivan (WiM238)

Chris Sullivan joins me for an in-depth conversation about the events that led to the collapse of FTX and Alameda—the latest crypto catastrophe. Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedlove Guest Chris Sullivan Website: https://www.hyperiondecimus.com PODCAST Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400  Spotify:https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1 RSS Feed: https://feeds.simplecast.com/MLdpYXYI Transcript: Outline 00:00:00 “What is Money?” Intro Music 00:00:08 “What is Money?” Intro Message 00:00:54 Learn about Bitcoin with Swan Private at SwanPrivate.Com 00:01:48 Do More with Your Digital Assets with Ledn 00:02:33 Sam Bankman-Fried and the FTX Ponzi 00:13:54 "Bank-Run" on the FTT Token 00:16:44 Natural Price Action vs Unnatural Price Action 00:23:50 Liquidation of Alameda, FTX and Exposing Their Balance Sheet 00:29:35 Take Control of Your Healthcare with CrowdHealth 00:30:38 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:31:13 Invest in the Fine Art Market with Masterworks 00:31:48 Hold Bitcoin is the Most Secure Custody Model with Casa 00:32:37 FTX's Misallocation of Capital and Their Inevitable Collapse 00:42:16 "Smart Money" and their Lack of Due Diligence on SBF and FTX 00:54:10 Political Donations From Sam Bankman-Fried and FTX 01:01:34 Where to Find Chris' Work 01:02:07 “What is Money?” Outro Music SOCIAL Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22/ Instagram: https://www.instagram.com/breedlove_22/ TikTok: https://www.tiktok.com/@breedlove22?lang=en All My Current Work: https://linktr.ee/breedlove22 WRITTEN WORK Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/   WAYS TO CONTRIBUTE Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528 The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true RECOMMENDED BUSINESSES Swan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanprivate.com/breedlove Ledn lets you do more with your digital assets: https://www.ledn.io/ CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedlove Wasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/ Okcoin is an innovative and education-focused cryptoasset exchange platform—earn $50 in free Bitcoin by signing up at: https://okcoin.com/breedlove Masterworks let you access the fine art market at more affordable price points (use discount code BREEDLOVE): https://www.masterworks.com| Casa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/ Automatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/