The Story Arc of SBF, FTX & Alameda | Ben Hunt & Doomberg

Blockworks Macro, Released on 9/28/22

On today’s episode of “On the Margin”, Doomberg, everyones favorite green chicken, joins the the show for an update on the European energy crisis. After making bold claims throughout 2021 on the global energy situation, and particularly in Europe, Doomberg provides an update on the state of the European energy crisis. How severe will the impact of high energy prices be for Europe ahead of winter, particularly global manufacturing hubs such as Germany? Finally, Doomberg discusses the effect of energy on currencies around the world, but to hear that, you’ll have to tune in!

00:00 Introduction
01:36 The MacGuffin: The Story Arc of SBF & FTX
14:07 The FTX Bankruptcy & The Role of FTT
18:09 The Mechanics of Rehypothecation
27:25 Negligence or Criminality?
35:35 Circle Ad
36:55 How Much Political & Media Power Did SBF Buy?
42:50 The New York Times Puff Piece
49:59 The Role of Investors, Media & Regulators In The FTX Fallout
56:00 The Golden Age of Fraud
1:02:02 Final Thoughts

Ben Hunt is the founder of the Epsilon Theory newsletter and Second Foundation Partners. Ben Hunt’s full bio:

Doomberg is the anonymous publishing arm of a bespoke consulting firm providing advisory services to family offices and c-suite executives. Its principals apply their decades of experience across heavy industry, private equity and finance to deliver innovative thinking and clarity to complex problems.

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