Imran and Qiao discuss the early warning signs and lessons learned from the FTX collapse.
We have had founders, investors and contributors that have been affected by the FTX collapse.
In this episode Imran and Qiao discuss:
Timestamps
(00:00) Intro
(01:25) The first to paid back were the decentralized protocols
(02:55) The rise of Alameda
(06:29) Launching Solana-based decentralized exchange Serum
(10:58) What were FTX's assets and liabilities?
(12:49) Crashing of 3AC got Alameda in a deep hole
(14:32) The $10B balance sheet hole breakdown
(18:16) Acquiring Voyager and Blockfi fill their hole
(20:19) $1B-$5B of crypto funds custodied on FTX
(22:44) 70% of all trading activity on FTX were institutions
(24:41) Do regulators understand the difference between DeFi and CeFi?
(27:28) Is Serum being forked?
(28:09) Why didn't VCs catch FTX through due diligence?
(32:36) Qiao explaining the leaked private group chat on Alameda
(35:20) Will Crypto VCs continue to prefer tokens over equity?
(37:45) What were people saying about Sam and FTX behind the scenes?
(47:00) If you're a Solana project, what do you do?
(53:00) Paradigm backing FTX was surprising?
(54:24) Healthiest approach to CEX regulation
(1:02:29) 12-week Digital dollar experiment launch
(1:03:37) Thoughts about the Solana DeFi state
(1:05:28) Who is the frontrunner for non kyc perps?
(1:07:28) What FTX collapse means for crypto outlook
(1:11:09) How bad is the contagion?
(1:15:45) Lessons learned
Qiao & Imran's stance on SBF prior to FTX collapse
Alliance tweet against SBF & DCCPA
Good Game Podcast: A podcast for crypto natives.
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DISCLAIMER: The views expressed herein are personal to the speaker(s) and do not necessarily reflect the views of any other person or entity. Discussions and answers to questions are intended as generalized, non-personalized information. Nothing herein should be construed or relied upon as investment, legal, tax, or other advice.