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#1133 Frank Chaparro On The FTX Fallout

The Pomp Podcast

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FTX and Alameda - What's the Story?

One's possible situation the other situation is and this is where I talked to him about this on my show at the beginning of or rather at the end of last year. The story was that alameda was a trading firm that made a really um outsized bet and did well on the kimchi trade of sort of arving between the western exchanges and the ones in South Korea. So they made it big and then there were there were trades that went bust and so they effectively launched ftx as a way to fill a hole that alameda had.

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