3 ms·
Nice find, but wait, if they have/had 60B of Tether, how come they're bankrupt now?
by moralestapia 4y ago
Nice find, but wait, if they have/had 60B of Tether, how come they're bankrupt now?
- deleted 4y ago[deleted]
- xwolfi 4y agoIt's because Alameda played the wrong bet: they liked the degen yield farming, got caught with a big hole once the musical chairs stopped (400M loan to Voyager, for instance), printed fake assets to reshore their finances, got caught by CZ who said fuck it, burn, I sell everything you ever gave me, and now whatever USDT they had is slowly being redeemed, but I dont know how much deltec can process. Thank God, I guess, that they're neighbours in Nassau.