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.
The Dow closes out a strong (relative to other indices) month, and we take a closer look at the collapse of FTX.
(0:21) Jim Gillies discusses: - Why the Dow Jones Industrial Average is "the dumbest index" - Where investors can find ballast for their portfolios
(15:12) What actually happened with the collapse of FTX? Dylan Lewis and Ricky Mulvey take a closer look at that, as well as some key takeaways for investors.
Stocks mentioned: SHOP, AAPL, KO, MSFT, COIN, HOOD, MSTR
Host: Chris Hill Guests: Jim Gillies, Dylan Lewis Producer: Ricky Mulvey Engineer: Dan Boyd
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