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The Naked Emperor Episode 2: The Beginning of the End

Understood

CHAPTER

The Importance of Consumer Protection in the Crypto Market

CODM: Sam Alameda, CEO of one of the world's largest crypto exchanges, says he is bailing out other companies to prevent them from dipping into customer funds. CODM: He said that some third tier exchanges were already secretly insolvent. What was he talking about? And what other major problems were lurking that Sam would only hint at? Despite Alameda's smart reputation, when the crypto crash comes, their idiosyncratic approach to risk becomes more risky.

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