40: BlockFi BankruptcyFi: A Bizarre FTX "Bailout" Story (w/ Nikhilesh De of CoinDesk)

Scam Economy

Nikhilesh De of CoinDesk joins Scam Economy with Matt Binder to break down the fall of another crypto lending company, BlockFi. This one has a twist though. BlockFi was actually bailed out by Sam Bankman-Friend of FTX this year when it first failed...and then things get interesting. BlockFi failed yet again and filed for bankruptcy after FTX's own bankruptcy. Nik breaks down what BlockFi did, where things went wrong, the dealings it had with FTX, and what's going on now. Plus! Nik and Matt discuss the latest on FTX and Sam Bankman-Fried's odd series of interviews and more! Visit: ScamEconomy.com Support the show: http://www.patreon.com/mattbinder Discussed in the episode: https://www.coindesk.com/policy/2022/11/28/ftx-fallout-continues-as-crypto-lender-blockfi-declares-bankruptcy/ https://twitter.com/FounderFlori/status/1590030306978848768 https://twitter.com/BlockFi/status/1590875997351866368 https://www.bloomberg.com/news/articles/2022-11-28/blockfi-says-it-owes-the-sec-30-million-in-bankruptcy-filing