On today's episode of "On the Margin", Ben Hunt Author of Epsilon Theory & Doomberg, everyones favorite green chicken join the show to discuss "The Story Arc of SBF, FTX & Alameda". One month ago saw the collapse of SBF's crypto empire as FTX filed for bankruptcy. Ben & Doomberg discuss the ties between SBFs exchange FTX and trading firm Alameda Research. We then look into the use of the FTT token and how SBF was able to raise venture capital money at unrealistic valuations. Was SBF negligent in this situation, or did he intentionally commit fraud? To hear all this and more, you'll have to tune in! -- Follow Ben: https://twitter.com/EpsilonTheory Follow Doomberg: https://twitter.com/DoombergT Follow Mike: https://twitter.com/MikeIppolito_ Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Blockworks: https://twitter.com/blockworks_ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Circle’s USDC is one of the most trusted and widely used stablecoins in the digital asset industry. Check out their Transparency Hub at circle.com/transparency that outlines everything from links to USDC weekly reserve reports, monthly attestations, and blog posts written by their executive team highlighting how and why USDC was built the way it is. -- Referenced In The Show: The MacGuffin, Part 2: The Story Arc of SBF and FTX: https://www.epsilontheory.com/the-macguffin-part-2-the-story-arc-of-sbf-and-ftx/  The MacGuffin, Part 1: The Corrupt Crypto ‘Revolution’: https://www.epsilontheory.com/the-macguffin-part-1/  How Sam Bankman-Fried’s Crypto Empire Collapsed: sam-bankman-fried-crypto-bankruptcy.html">https://www.nytimes.com/2022/11/14/technology/ftx-sam-bankman-fried-crypto-bankruptcy.html -- Timestamps: (00:00) Introduction (01:36) The MacGuffin: The Story Arc of SBF & FTX (14:07) The FTX Bankruptcy & The Role of FTT (18:09) The Mechanics of Rehypothecation (27:25) Negligence or Criminality? (35:35) Circle Ad (36:55) How Much Political & Media Power Did SBF Buy? (42:50) The New York Times Puff Piece (49:59) The Role of Investors, Media & Regulators In The FTX Fallout (56:00) The Golden Age of Fraud (1:02:02) Final Thoughts -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.