The Breakdown Gary Wang and the Alameda Grift History
Oct 10, 2023
Former FTX CTO, Gary Wang, reveals improper relationship and special privileges between FTX and Alameda research. Alameda took advantage of undisclosed benefits, resulted in overdrawn accounts by $8 billion. Also explores the increase in Alameda's credit line, reaching an effectively infinite credit line of $65 billion.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
Economic Dimensions and Ramifications of Recent Attacks
02:18 • 1min
Lockheed Martin's Increase, Paul Tudor Jones' Predictions, and the Implications of Crypto Transactions
03:46 • 2min
Former FTX CTO Testimony Reveals Improper Relationship and Special Privileges
05:49 • 2min
Undisclosed Benefits, Negative Account Balances, and Increased Credit Lines
07:48 • 9min