The Blockcrunch Podcast cover image

How FTX Collapsed: An Industry Insider's Take, Ep 220

The Blockcrunch Podcast

00:00

The Implosion of FTX and Binance

The co-CEO of Alameda, Sam Trebucco stepped down in August and he announced this departure on August 25th on Twitter. Now a successful trader who is great at his job could easily retire if they strike it rich so most people probably didn't pay much mind to it but in hindsight could he have stepped down because he knew that something was wrong? I guess we'll find out in the coming months. So how did the implosion begin? What was the beginning of the end? In June 2021 FTX bought back their shares from Binance who is one of their investors and citing differences in business philosophy. And another thing to note is that in 2019 Alameda allegedly attempted

Play episode from 14:03
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app