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.

 
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John Cook
Crypto research & economics. Join our community of founders, investors & technologists as we explore the broader crypto ecosystem.
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🔻 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.

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🚀 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”

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