Bitz Who Now? Department of Justice Takes Down Russian Exchange Bitzlato

After much buildup this morning, the DoJ’s Bitzlato announcement was underwhelming to some.

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ABOUT

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.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.