The Original FTX: The $94 Billion Parking Garage
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The Original FTX: The $94 Billion Parking Garage
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About this listen
The Souk Al-Manakh: In a broken-down parking garage, a 22-year-old clerk from the passport office stumbled on a financial loophole—the post-dated check—that allowed him and thousands of speculators to spend money they didn't have. What started as a local stock market frenzy ballooned into a $94 billion debt crisis, nearly doubling Kuwait’s entire oil reserves. Tune in to this investigative deep-dive to witness the original "rug pull," the mass hallucination of greed, and the moment a nation of overnight millionaires was technically bankrupted by a single, bouncing check. This isn't history. It's a warning.
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