FTX Collapse Explained
David outlines the intricate relationship between FTX and Alameda, revealing how deposits intended for a seemingly secure platform were funneled into high-risk trading ventures. The discussion highlights the lack of regulatory oversight and the bundling of functions within FTX, which contributed to the eventual run on the bank as investors sought to withdraw their funds amid growing concerns. The speculative nature of FTX's coin and its role in amplifying risk is also examined.In this clip
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