Dark Markets
Dark Markets
Why Was Alameda Tether's Biggest Client? w/Crypto Critics Corner
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Why Was Alameda Tether's Biggest Client? w/Crypto Critics Corner

The FTX group hedge fund Alameda Research was moving a LOT of offshore dollars, on credit. w/ Cas Piancey and Bennett Tomlin of Protos.

Cas Piancey and Bennett Tomlin are investigative reporters for Protos.com and cohosts of the venerable Crypto Critics Corner podcast. They join David Z. Morris to discuss evidence that Alameda Research was arbitrating the stablecoin Tether to users in Asia, at huge scale, and possibly in service of illegal activity.

We also dig into the deeper connections between the FTX group and Tether, including their shared efforts to buy Farmington State Bank and gain access to the U.S. FedWire system.

Other topics include:

  • Why the notorious Crypto Critics actually think Bitcoin is “super cool.”

  • The implications of American monitors tracking activity on Binance.

  • Deltec Bank’s reliance on Chinese capital.

  • Why nuanced critical thought is dying on the Internet.

Find more episodes of the Dark Markets podcast at: https://davidzmorris.substack.com/podcast

Dark Markets is produced by Eleanor Pahl and features music by Altus Noumena.

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Dark Markets
Dark Markets
Bleeding-edge finance and technology analyst David Z. Morris, PhD (CoinDesk, Fortune) is your guide to the squirming underbelly of capitalism, where fraud is rampant, markets are irrational, money is imaginary, and the machines are even stupider than the rest of us.