1min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E104: FTX collapse with Coinbase CEO Brian Armstrong + election results, macro update & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

Is FTX US Worth Anything?

I don't necessarily think FTX US is worth anything as a business right now because of the brand being so tainted. There probably was not great separation of these entities in the sense of you know like did they have truly separate boards and beneficial owners and governance and It appears that they didn't FTX didn't really have a CFO or maybe even like a real board or anything like that And so it's hard to read it. We found on right there was an article that appeared that said that the head of compliance at FTX Was also the head of Compliance at a poker site called ultimate bet which in the 2010s Did this exact thing apparently some version of this where they went in and

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