FTX and Alameda are using a token that's called FTT. This way to think about FTT is just they essentially created their own coin. But what we see increasingly as the story develops is it was a way for them to grow their assets. And all this comes to a head earlier this month when a website called CoinDesk, who's really one of the leaders in this space, leaked a balance sheet from Alameda.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode