
Matt Levine on the Collapse of FTX and Alameda
Odd Lots
The Downfall of FTX: A Crypto Catastrophe
This chapter explores the dramatic collapse of FTX, detailing Sam Bankman-Fried's controversial comments and the financial mismanagement of its affiliate, Alameda. It analyzes the intricate dynamics between FTX and Alameda, the implications of their losses, and the unsustainable foundations that contributed to the financial disaster.
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