Reaction To The Collapse of FTX and Sam Bankman-Fried
About This Episode
Sam Parr and Shaan Puri react to the sudden collapse of the FTX crypto exchange and the fallout surrounding its founder, Sam Bankman-Fried. They discuss the suspicious activities between FTX and Alameda Research, the echo chamber of Silicon Valley trust, and predict that the event will lead to a long-term crypto winter and severe legal consequences for SBF.
Episode Description
Show Notes
- 02:30- What happened
- 12:15- Alameda
- 17:55- Elon and SBF
- 31:55- Prison
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- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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- Additional episodes you might enjoy:
- #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
- #209 Gary Vaynerchuk - Why NFTS Are the Future
- #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
- * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
- #218 - Why You Should Take a Think Week Like Bill Gates
- Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
- How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Links
- * @AutismCapital
- * @TechEmails
- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
- * Want more insights like MFM? Check out Shaan's newsletter.
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Key Takeaways
Treat genius founder narratives that emphasize eccentricity over transparency as significant red flags in any investment or partnership.
Internal conflicts of interest, such as an exchange owning its own market maker without oversight, often signal deeper systemic risks or fraud.
In volatile and unregulated markets, prefer self-custody or high-compliance platforms over opaque private entities regardless of their marketing spend or celebrity endorsements.