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Rabbit Hole Recap #226: FTX BLOWS UP - Takes House of Cards with it

Rabbit Hole Recap

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Is Silvergate Going Down?

The Ontario pension fund and a couple other pension funds vested in FTX have had to write those down. This is Silvergate. They made the out- The Ontario pension fund is investor in a $32 billion valuation FTX. Which was part of an elaborate CIA opt to take down the Ontario pension fund. If Silvergate were to go down, it would have significant contagion effect in the industry.

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