I think everyone else thought this too: > I'm wondering how exactly Alameda managed to be so unprofitable. They literally had the easiest trading job in the wo

I think everyone else thought this too: > I'm wondering how exactly Alameda managed to be so unprofitable. They literally had the easiest trading job in the world: Market make on their own exchange while seeing all order flow and being able to front-run anyone they want. This is why FTX imploding was a surprise. We thought they were profiting from their own order flow. No need for a true scam.