On The Brink with Castle Island cover image

Weekly Roundup 11/04/22 (Fidelity Crypto Launches, Alameda’s balance sheet, SDNY looks at Tether) (EP.368)

On The Brink with Castle Island

CHAPTER

Crypto Twitter - What Are the Assets?

Alameda Research is a proprietary trading firm that is owned by Sam Bankman Free, who also owns FTX. So it's illegal to have an exchange and to be a prop shop trading on your own exchange. It just doesn't happen because it's illegal. But this is crypto, so there's no rules? Well, so it's offshore, it's unregulated,. And it happened anyways, and it's still happening.

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