Loomdart & Larry Cermak - The Scoop #122
Crypto market has experienced an 'education by fire,' says Loomdart
Host: Frank Chaparro, The Block
Guests: Larry Cermak, The Block and eGirl Capital Co-Founder, Loomdart
Takeaways from SBF’s recent interview with The Scoop
SBF is repeating the same story across different podcasts. The Scoop asked tougher questions. We got more clarity about how margin was used, commingling of fiat funds with Alameda, insights about how SBF is thinking & jurisdiction battle around the bankruptcy case.
SBF’s chance of not getting any jail time is incredibly low. And his chance of making this right for the customers is also low.
Losing money on FTX
SBF taking away Loom’s money is helping him to lose weight as he has to cut down on food. Loom is still fine but there are a lot of people who have been ruined because of the funds they lost on FTX.