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9min chapter
Gary Wang and the Alameda Grift History
The Breakdown
Undisclosed Benefits, Negative Account Balances, and Increased Credit Lines
This chapter discusses how Alameda took advantage of undisclosed benefits provided by Alameda throughout their history with FTX, resulting in their accounts being overdrawn by $8 billion. It also explores the increase in Alameda's credit line with FTX, ultimately reaching an effectively infinite credit line of $65 billion.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode