Martin Shkreli reassures Do Kwon about prison life as they discuss FTX and Binance

The two showed up to talk about the big crypto merger news on a Twitch podcast.

The huge shifts in the crypto exchange market on November 8 have led to equally massive waves of commentary. The UpOnlyTV channel on Twitch benefited from this activity, with Do Kwon and Martin Shkreli appearing 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 dubbed the “Pharma Bro” for his role in this industry before his securities fraud conviction, doubted the Binance-FTX deal would work. "I think the hole [FTX's balance sheet deficit] is much bigger than people think and I think there's a good chance Binance will go away, and I think that would be terrible" , Shkreli said.

Kwon, whose Terra Labs issued stablecoin TerraUSD (UST), now known as TerraUSD Classic (USTC), which collapsed catastrophically in May, had more faith in the deal, saying:

"I guess the sale price is reasonably priced compared to what the private funding round was, but if CZ steps in and makes users whole, there's no reason for him to [SBF] is in significant distress. He will likely move on."

But when asked if he would invest in an SBF startup, Kwon hesitated. "I'm not really an investor," he said. "I think it's too early to tell."

Talking about his "bravado and personality" role in Terra/Luna's collapse, Kwon said, "I don't think what happened with UST would have been any different if the way I conducted myself on Twitter had been different. . In fact, how I am in real life and how I am on Twitter is quite different. […] There is value in being entertaining and funny.”

"Well, in the list of villains for this year, Do goes lower," conceded Wintermute CEO Evgeny Gaevoy, another guest on the show. "It's not so bad anymore, I guess, compared to Alameda and Three Arrows. […] He was a little cocky, but whatever.”

Another guest called him, "A sociopath, to be honest," adding, "I'm...