Martin Shkreli reassures Do Kwon about life in prison as they discuss FTX and Binance
The huge changes in the crypto exchange market on Nov. 8 led to equally massive waves of commentary. The UpOnlyTV channel on Twitch was a beneficiary of this activity with Do Kwon and Martin Shkreli showing up simultaneously to talk about the deal between Binance CEO Changpeng Zhao (CZ) and FTX CEO Sam Bankman-Fried (SBF) for the purchase of FTX.
Shkreli, sometimes referred to as the “Pharma Bro” for his role in that industry before his conviction for securities fraud, had doubts the Binance-FTX deal would work out. “I think the hole [FTX’s balance sheet shortfall] is a lot bigger than people think and I think there’s a good chance Binance walks away, and I think that’d be terrible,” Shkreli said.
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