The $40B Liquidation That Exposed Crypto's Biggest Problem - Framework Founders

The $40B liquidation on Friday exposed something bigger than market volatility, it revealed crypto's fundamental transparency problem.

In this episode, we sit down with Vance Spencer and Michael Anderson from Framework to break down what really happened during the wipeout and why it matters for every exchange, protocol, and investor in crypto.

We discuss:

- What actually happened during Friday's $40B wipeout
- Why Binance's "special deals" are a massive red flag
- Hyperliquid vs centralized exchanges: The transparency gap
- ETH's bottoming process & potential ratio play
- The 5-7 altcoins actually worth holding right now
- Why gap accounting standards matter more than market cap
- Spot over leverage: Lessons from the washout

The Rollup