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>" FTX appeared to be valuable because smarter firms were attracted to the exchange by the opportunity to take money from Alameda." >"The more Alameda lost, th
by bogomipz 4y ago
>" FTX appeared to be valuable because smarter firms were attracted to the exchange by the opportunity to take money from Alameda."
>"The more Alameda lost, the more smarter people showed up to take their money, and the faster FTX had to shovel funds into the hole."
I am not following this. How exactly did "smarter firms" take Alameda's money by using FTX's exchange?
- MrMan 4y agoI think the other poster is saying that if Alameda or FTX were losing money on trades, someone smarter was on the other side of those trades, but I dont think that is necessarily true.