3min chapter

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EMERGENCY POD: FTX sells to Binance with Vinny Lingham and Sunny Madra | E1607

This Week in Startups

CHAPTER

Alameda - What's the Nav?

Alameda's balance sheet included a large amount of FTXs, FTT token. The document basically started off a rumour cycle where people started digging in. CZ was looking at this going, why am I holding a half a billion dollars with this FTT which may not be worth this? And these guys are printing money, they probably don't have... There's no guardrails, right?

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