3min chapter

Something Ventured -- Silicon Valley Podcast cover image

Coindesk’s David Z. Morris: The Wild Story of FTX and its CEO, Sam Bankman-Fried

Something Ventured -- Silicon Valley Podcast

CHAPTER

Using FTT as a Collateral All Over the Ecosystem

FTX tokens are low float high fully diluted value. If they had sold all that FTT at once, or even a very small portion of it, would have tanked the entire value. Sam Bankman-Freeade began extending loans to a news site called the Block secretly,. He also used money to curry favor, not just in the press, but with politicians.

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