Former FTX executive explains what everyone doesn't understand about the exchange's meltdown

<p>Zane Tackett is the former head of institutional sales at FTX.</p><p>In this episode, Tackett recounts his experience working with Sam Bankman-Fried at FTX and explains how the exchange's terms of service blow a hole in SBF's criminal defense.</p><p>Although SBF claims he is not guilty of fraud, Tackett says "it's obvious that he knew what he was doing."</p><p><br></p><p>OUTLINE:</p><p>00:00 Introduction</p><p>03:32 FTX's Business Model</p><p>06:56 FTX's Balance Sheet</p><p>10:06 Michael Lewis: Going Infinite</p><p>11:14 The Real SBF</p><p>16:02 FTX 2.0</p><p>17:14 FTX...