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So this is presumably going to stop the bleeding for customer deposits at FTX. I wonder how this all shakes out with Alameda - because it looked extremely likel
by SilverBirch 4y ago
So this is presumably going to stop the bleeding for customer deposits at FTX. I wonder how this all shakes out with Alameda - because it looked extremely likely that Alameda and FTX were doing a fair amount of business between each other, and now Alameda likely will be forced to unwind a load of illiquid shitcoin positions, CZ isn't going to want those loans outstanding (or maybe he will - pull the same move again and hold a gun to Alameda's head ready to force liquidition whenever he likes)
- dibt 4y agoI think Alameda only held those positions in service to their market making operations, not FTX operations. The line between where FTX starts and Alameda ends always confused me.