The Scoop

Andre Cronje is the Director of the Fantom Foundation and Michael Kong is the CEO of the Fantom Foundation — the lead development team behind the Fantom Layer 1 blockchain.
In this episode, Cronje and Kong break down the sequence of events that led Chinese authorities to detain the Multichain CEO and seemingly take control of its network, and how Fantom developers are exploring optimistic rollups to connect to Ethereum.

Outline:
00:35 - China's Multichain Crackdown
03:10 - Multichain Rumors & Speculation
08:21 - Fantom x Multichain
14:08 - $65M Frozen USDC + USDT
17:56 - Chinese Government or Hacker?
20:12 - Crypto's Trust Problem
27:47 - Multichain's Impact on Fantom's Ecosystem
33:45 - Active Investigation
35:38 - Fantom as an Ethereum Layer-2?
38:29 - Layer-2s vs. Bridges
46:45 - Andre Cronje's Role at the Fantom Foundation
47:35 - Closing Thoughts

Show Notes

Andre Cronje is the Director of the Fantom Foundation and Michael Kong is the CEO of the Fantom Foundation — the lead development team behind the Fantom Layer 1 blockchain.

In this episode, Cronje and Kong break down the sequence of events that led Chinese authorities to detain the Multichain CEO and seemingly take control of its network, and how Fantom developers are exploring optimistic rollups to connect to Ethereum.


Outline:

00:35 - China's Multichain Crackdown

03:10 - Multichain Rumors & Speculation

08:21 - Fantom x Multichain

14:08 - $65M Frozen USDC + USDT

17:56 - Chinese Government or Hacker?

20:12 - Crypto's Trust Problem

27:47 - Multichain's Impact on Fantom's Ecosystem

33:45 - Active Investigation

35:38 - Fantom as an Ethereum Layer-2?

38:29 - Layer-2s vs. Bridges

46:45 - Andre Cronje's Role at the Fantom Foundation

47:35 - Closing Thoughts

What is The Scoop?

Welcome to The Scoop, The Block's flagship podcast covering finance and technology industries through unmatched interviews with top thought leaders, cultural icons and industry veterans. The Block’s Frank Chaparro hosts new guests every week, diving into breaking news and topics ranging from NFTs, to the impact of DeFi on Wall Street, to Bitcoin's role in the economy and beyond.