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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 arbitraging 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 ("Moonstone Bank"), and gain access to the U.S. FedWire system.