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letamp;#39;s get straight to our first guest David Friedberg VC on this uh David thanks for being with us I mean wild 24 hours it turns out that the White Knight the so-called JP Morgan the Warren Buffett of crypto has turned out to be just another over leveraged crypto bro what does that mean for the industry walk us through how this all plays out yeah I mean thatamp;#39;s thatamp;#39;s the current party line and I think folks are really um anxious to dig in to what really got us to this point how much of this was a failure of diligence on the part of the investors how much of it was a bad actor making um kind of malicious decisions and misrepresenting what he thought was going to happen and misrepresenting to his clients how he behaved and how they operated so thereamp;#39;s still a lot to uncover the folks Iamp;#39;ve spoken to believe that this is really more of a kind of isolated bad actor incident but there is obviously a broader question that everyoneamp;#39;s asking now w