Chapter
Trading and Investing in Crypto Companies
17:56 - 24:32 (06:35)
Sam Benkman Fried, founder of the FTX cryptocurrency exchange, discusses his company's decision to take out loans and invest in other risky crypto companies, as well as using money from the exchange to pay debts of other firms.
Clips
CoinDesk reported that Alameda Research, a trading company owned by Sam Bankman-Fried, was found to have over $5-6 billion FTT tokens on its balance sheet, sparking concerns similar to those seen in the crypto market earlier in the year.
17:56 - 19:47 (01:50)
Summary
CoinDesk reported that Alameda Research, a trading company owned by Sam Bankman-Fried, was found to have over $5-6 billion FTT tokens on its balance sheet, sparking concerns similar to those seen in the crypto market earlier in the year.
ChapterTrading and Investing in Crypto Companies
EpisodeThe Man Who Was Supposed to Save Crypto
PodcastThe Daily
This article discusses the recent high-profile debacle involving Binance and FTX and its potential impact on the crypto economy, with the likelihood of its settlement in court.
19:47 - 21:35 (01:48)
Summary
This article discusses the recent high-profile debacle involving Binance and FTX and its potential impact on the crypto economy, with the likelihood of its settlement in court.
ChapterTrading and Investing in Crypto Companies
EpisodeThe Man Who Was Supposed to Save Crypto
PodcastThe Daily
Alameda Research, the parent company behind crypto exchange FTX, faced financial trouble in the wake of crypto market crash in May, as it was revealed that the company had been taking loans to invest in other crypto companies and do risky trading.
21:35 - 24:32 (02:56)
Summary
Alameda Research, the parent company behind crypto exchange FTX, faced financial trouble in the wake of crypto market crash in May, as it was revealed that the company had been taking loans to invest in other crypto companies and do risky trading. The company's decision to use FTX money to pay off its debt caused controversy.