On today’s episode, NLW catches up on the latest on crypto crime and fall out, including:

  • Disgraced 3AC founders’ attempt to build a new exchange with bankrupt CoinFLEX called GTX.
  • Sam Bankman-Fried’s latest blog post arguing about how FTX.US assets should be considered by the bankruptcy committee.
  • The DoJ’s much anticipated announcement about an “international enforcement action” that turned out to be an exchange most people had ever heard of.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Wirestock/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.