The Logan Bartlett Show cover image

EP 41 - Bonus Episode: Mike Burgersburg, Twitter Poster Who Helped Discover FTX’s Issues, Breaks Down How It All Happened

The Logan Bartlett Show

00:00

The Long and Short of a Ponzi Scheme

A Ponzi scheme is something that's unsustainable and does not create anything of value. In the case of Celsius, their product supposedly was generating yield on people's assets but really they were a Ponzi because they never actually generated enough yield to pay the yield that they were claiming to generate. And whether Alameda and FTX were engaged in something similar, I think you can make an argument that they were.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app