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    Is SBF a 'pawn' and 'useful idiot' in a bigger plot to take down crypto industry? – Mark Yusko



    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.

    Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
    Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
    Follow Mark Yusko on Twitter: @MarkYusko (https://twitter.com/MarkYusko)

    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

    #ftx #bitcoin #blockchain
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    View 39 Comments

    39 Comments

    5. Guns N' Tokens on

      I'm sure crypto whales had their hands in this in someway to drop the prices so they can buy. Just look at the onchain data and you can see that every time there's a big crash, the people that own the most Bitcoin are the ones buying the most during that time.

    10. krackpot on

      Fantastic interview. I only wish you both had more time to go deeper into the discussions. Keep these high quality interviews coming!

    11. Hex Latino on

      The fraud was carried out through a regulated Central exchange. They are trying to make it seem as it was crypto. He took the crypto funds from the deposited crypto in his companies' vault. He has to be jailed now

    20. Grow My Bitcoin on

      I agree. The fact SBF is not in jail and free to mingle with the elite just shows. All planned. All scripted. And he’s the fallout boy for the to regulate defi. Just remember cefi is the bad guy here not defi!

    24. Nobody Nothing on

      The whole gave money to Republican narritive is BS imo. I know three of them are the RINOs and the other 3 I'm not sure but since I'd never heard of them, I'm gonna assume the same.

    26. Kev Hall on

      Great episode and discussion. Can't rate Mark highly enough and I believe he is on the right track. Conspiracy theories only remain as theories until they are proven to be fact. And clearly there is a great conspiracy going on here. Question is do they manage to bury it or will the full truth come out eventually. It has to be much bigger than those two "useful idiots".

    27. Nobody Nothing on

      Been trying to educate myself about bitcoin and the blockchains for a few years now. Many storytellers blowing sunshine up everyone's rump out there…. and now…. obviously scammers and possibly manipulation from the elites up to no good. ….But Mark seems to be one of the very few I've run across that really seems to be rational and honest. He has earned my attention.

    31. DonRua on

      I watched the interview of Andrew Ross Sorkin. SBF is a SOCIOPATH. Any lawyer would advise him to keep quiet. He is talking to the world BECAUSE he thinks he can con the entire world. He came across like this nerdy scientist that never kissed a girl. Unfortunately the interviewer didn’t know enough about crypto to ask effective questions and don’t let him off. One more thing, he was born on Stanford Campus. Stanford faculty, staff, students, janitors included think they are above everybody else. Must give his parents credit. They raised an outstanding conman.

    38. jon jones on

      As much as this kid is a mumbling idiot who obviously committed fraud, there should be mention of the greedy suckers who gave him money in the first place. Always remember, America was and is a criminal enterprise founded by thieves who stole land from its rightful owners. See a pattern? In the immortal words of P.T. Barnum: There's a sucker born every minute. Just another incarnation of how America truly works.

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