4 ms·
How do you lose $10B in a few years trading? That’s truly impressive. “We lose money on every trade but make it up on volume”
by scrivna 4y ago
How do you lose $10B in a few years trading? That’s truly impressive.
“We lose money on every trade but make it up on volume”
- adrr 4y agoI'll bet they lost 90% of that money in the last 7 months. They were probably doing fine during the bull market.
- ketzo 4y agoOversimplification, but: Alameda made a lot of money on paper, kept mostly in incredibly volatile assets. Over the last week, it turned out that those assets were worth very little.
- netheril96 4y agoSome of them are definitely Luna/UST