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How FTX Collapsed: An Industry Insider's Take, Ep 220

The Blockcrunch Podcast

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FTX and Alameda - The End of the World

FTX CEO Ryan Salami tweeted publicly to disparage CZ and assure that the public that everything was fine. But before long, on-chain sleuth's discovered that Alameda was foraging spare change from DeFi protocols and depositing them to FTX. Later this would be revealed to be around 10 to 50 billion dollars as FTX kicked off their bankruptcy proceedings. If SPF did use user funds to finance his stimulant addiction, I don't think Tony Montana can snort 40 cocaine.

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