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Due Diligence Daisy Chains [FTX] S03:E12

Pirates of Finance

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Using Escrow to Buy FTT Accounts for Pennies on the Dollar

"I know of them who had a Bahamas account and knew they could get out dollar for dollar. So they started trying to buy accounts pennies on the dollar knowing that they were going to get a full recovery," he says. "That's like weird asymmetric information exploitation of the market." He adds: "All I was trying to do in the potential party to is, again, offering escrow services for people"

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