In this episode I have a crypto investor veteran Miguel Henson explain to me what's going on with FTX, who is Sam Bankman-Fried, and what does CZ of Binance has to do with this dramatic collapse.
On November 2, 2022, CoinDesk leaked the composition of Alameda’s balance sheet, revealing that Alameda was holding billions of dollars in FTT, the FTX’s utility token, as collateral for USD loans on FTX. The revelation pointed to the fact that Alameda’s net equity was essentially risky assets, leading to some concerns. (https://blog.bybit.com/). Watch the episode to learn what happened next.
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