Kitco News, Released on 12/2/22
Mark Yusko, CEO, Founder, and Chief Investment Officer of Morgan Creek Capital Management joined Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss the FTX collapse, whether Sam Bankman-Fried was ‘money laundering’ for U.S. politicians, FTX’s links to the Ukrainian government, and the claim that SBF was a ‘useful idiot’ to take down the crypto industry.
0:00 – SBF’s media treatment
6:26 – Fraud allegations against SBF
12:30 – SBF and Caroline Ellison as ‘useful idiots’
22:48 – Ukraine and FTX connections
24:00 – Indications of fraud
26:18 – FTX’s ‘money laundering’
29:16 – Crypto’s threat to TradFi
35:19 – Regulatory arbitrage in crypto
41:50 – FTX and contagion
Mark Yusko is the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. He is also the Managing Partner of Morgan Creek Digital Assets. Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Prior to founding Morgan Creek, Mr. Yusko was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office.
Is SBF a ‘pawn’ and ‘useful idiot’ in a bigger plot to take down crypto industry? – Mark Yusko added by Herman James on
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