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Sbf could have printed money if he didn’t get so greedy. Maybe ftx would have been a top 10 exchange, instead of the third largest. Maybe alameda would have b
by vgatherps 4y ago
Sbf could have printed money if he didn’t get so greedy.
Maybe ftx would have been a top 10 exchange, instead of the third largest.
Maybe alameda would have been a standard successful prop shop (though they were really struggling as trading got more competitive).
He would have just been worth a few billion.
But here we are now.
I have a lot of friends on the inside and nobody knew at all. These friends knowingly kept money there confident the rumors weren’t true. I don’t know how much all of alameda knew but I don’t think the rank and-file knew the full story.
And how do you even lose 8bn? Did alameda become a shop making leveraged long crypto bets? Using a shitcoin as collateral? I know they’re smarter than that, so what happened????
- chollida1 4y agoHow are you aware of how profitable alemedas trading was? I haven’t seen any data on it
- vgatherps 4y agoI worked at a crypto trading firm ~two years ago and became good friends with some people at both alameda and ftx during that time. I obviously don’t get to look at balance sheets or daily pnl or anything though so it’s all second hand and lagged.