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How FTX Collapsed: An Industry Insider's Take, Ep 220

The Blockcrunch Podcast

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The Seed Race for Alameda and FTX

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

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