THE HASH: FTX CEO Speaks Out About Crypto Market Turbulence; Binance Froze Russian Gun Maker’s Crypto Assets

The most valuable crypto stories for Wednesday, Aug. 31, 2022.

In an interview with Bloomberg, FTX CEO Sam Bankman-Fried discusses his efforts to bail out companies during the recent market turbulence. “The Hash” team discusses that plus the news that crypto exchange Binance froze a wallet related to a Russian gun manufacturer that raised funds for the country’s troops in Ukraine, according to a Lobaev representative and blockchain data analysis.

See also: Binance Froze Russian Gun Maker’s Crypto Assets, Likely at Ukraine’s Request

FTX’s Sam Bankman-Fried Denies Crypto Exchange Is Planning to Acquire Huobi

I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code HASH20 for 20% off the General Pass. Register now: coindesk.com/ideas

This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.