Want to create an interactive transcript for this episode?
Podcast: Unchained
Episode: Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion
Description: Kevin Zhou, cofounder of Galois Capital, and Jesse Powell, cofounder of Kraken, talk about why FTX collapsed, the warning signs, and whether it’s a catalyst for self-custodial adoption. Show highlights:
the root causes of the FTX collapse, according to Jesse and Kevin
whether there were warning signs of all the risks that were to come
the importance of learning from mistakes, even for new people in the space
Kevin's response to the stuck funds in FTX
the debate about utilitarianism and SBF's effective altruism
whether the philosophy behind founders matters
Kevin's and Jes...