2min chapter

Clearer Thinking with Spencer Greenberg cover image

The FTX catastrophe (with Byrne Hobart, Vipul Naik, Maomao Hu, Marcus Abramovich, and Ozzie Gooen)

Clearer Thinking with Spencer Greenberg

CHAPTER

FTX and Alameda Research - The Balance Sheet Breaks Down

FTX is exchange and Alameda Research is trading firm, both giants in their respective industries. But even though they are two separate businesses, the division breaks down in a key place on Alameda's balance sheet. According to a private financial document reviewed by CoinDesk, it is conceivable the document represents just part of Alameda.

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