FTX Goes to Zero w/ Molly White
Tech Won't Save Us
00:00
FTX and Alameda Afloat for a Very Long Time, Right?
The revelation of these kind of internal documents really revealed the fundamental flaws in the accounting or in the holdings of this company and allowed it so quickly to be taken apart. By threatening to sell these tokens, I believe there was a tweet by Carolyn Ellison around that time as well, saying like, yeah, sell them like it won't make any difference to us or something like that. It was a bluff, right? Right. And it's interesting. You see that practically every time something like this happens, you see executives coming out and being very confident about the state of the world. But it's really because the whole system is based on belief. That was what kept FTX and Alameda
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