The Seed Race for Alameda and FTX

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There is no way to predict an implosion of this scale at an early stage before the company was even started. Having Alameda as the sole market maker on their own exchange FTX seemed to be a massive conflict of interest which actually prevented some market makers from using the platform because they knew they would be trading against Alameda. Now in the subsequent years FTX would become one of the largest exchanges in the world known for quickly listing altcoin perpetuals that were simply not tradable elsewhere. That's why FTX would subsequently be involved with 3 arrows capital, the fund that is now allegedly involved in defrauding multiple creditors and causing widespread contagion in crypto by blowing up multiple massive credit

Last week was one of the darkest weeks for the crypto industry - the implosion of one of the largest crypto exchanges that no one saw coming. In this episode, Blockcrunch Host Jason Choi recounts the entire FTX saga all the way from FTX's 2019 beginnings to the aftermath of the implosion. Host: Jason Choi @mrjasonchoi . Not financial advice. ------------ Timestamps ------------- (00:00:00) – Introduction (00:01:30) – Alameda's Raise in 2019 (00:03:14) – Raising for FTX (00:06:13) – Becoming One of the Largest Exchanges (00:09:36) – Achieving Mainstream Awareness (00:11:21) – The Start of FTX's Collapse (00:14:27) – FTX's Implosion (00:23:08) – Hacked and Siphoning of Funds (00:24:31) – The Aftermath ----------- Sponsors ------------- dYdX is the Leading Decentralized Exchange for trading perpetual contracts. Users enjoy low fees, deep liquidity, up to 20x more buying power and even earn $DYDX from trading. Trade on dYdX today at: https://trade.dydx.exchange ----------- More Resources --------- Blockcrunch Blockcrunch VIP: https://blockcrunch.substack.com/ Blockcrunch Twitter: https://twitter.com/theBlockcrunch Jason Choi’s Twitter: https://twitter.com/mrjasonchoi ------------ Disclosures ------------- Disclaimer: The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.