Chapter
Troubled Crypto Company Balance Sheet Raises Questions
08:08 - 14:36 (06:28)
An examination of a balance sheet of a troubled crypto company reveals unusual accounting practices that raise concerns about the transparency and accuracy of the company's financials.
Clips
The crypto firm, Serum, apologized for overestimating its value and misstating its largest asset as $2.2 billion when its actual market value as of Saturday was $88 million.
08:08 - 10:25 (02:16)
Crypto
Summary
The crypto firm, Serum, apologized for overestimating its value and misstating its largest asset as $2.2 billion when its actual market value as of Saturday was $88 million.
ChapterTroubled Crypto Company Balance Sheet Raises Questions
EpisodeA Hard Fork in the Road: FTX’s Unraveling and Elon’s Loyalty Oath
PodcastHard Fork
Alameda Research CEO, Caroline Ellison, reportedly disclosed in a meeting that the hedge fund had taken out loans and used FTX's customer funds to meet repayments.
10:25 - 14:36 (04:11)
FTX
Summary
Alameda Research CEO, Caroline Ellison, reportedly disclosed in a meeting that the hedge fund had taken out loans and used FTX's customer funds to meet repayments. FTX, which acquired Alameda last year, has said that such handling of customer funds is standard practice.