Nov 14, 2022 • 46M

EP3 - Ponzi of the year award goes to FTX

Greed begets greed and FTX was a master-class on how to ponzi the world.

 
1×
0:00
-45:50
Open in playerListen on);
    Substack App
    Download MP3
    Get a private RSS link for listening
    Subscribe to Frontrun Out Loud to get a private link for listening in your favorite podcast player. Learn about RSS.
Your crypto roadmap. Research, tutorials & investigative news. Join our community of investors & web3 technologists as we explore the broader crypto ecosystem.
Episode details
Comments

🔻 Sam Bankman-Fried and his FTX empire: the advocate for regulatory oversight to safeguard the plebs, is now being accused of using depositor funds in “bespoke non-reported transactions between financial counterparties”. Did he fool you? Don’t feel bad. He also fooled Blackrock, Forbes, Bloomberg, Sequoia Capital, The City of Miami, Tom Brady, Giselle Bundchen, The Ontario Pension Fund and many more.

Share

🚀 Greed begets greed, and in this podcast, we outline how SBF lost $16 billion dollars in depositor funds and destroyed $8 billion in wealth via the collapse of the FTT token.

📚 Read the full analysis by clicking here

Cover art generated by DALL-E: “a mural of the stock market crashing”