3min chapter

Crypto Critics' Corner cover image

How to Steal Almost $100 Million: Prime Trust goes Bust

Crypto Critics' Corner

CHAPTER

Questionable Actions, Breached Fiduciary Duties, and Lack of Regulatory Oversight

The hosts discuss the questionable actions of FTX, Alameda Research, and Prime Trust, highlighting the Ponzi scheme involving Terra and Luna. They also shed light on how Prime Trust breached their fiduciary duties and the failures of financial regulators and banks.

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