I think it's less bad trades and more like a few frivolous purchases and a lot of losses from using alameda to market make on FTX, i.e. when crypto prices fell,

I think it's less bad trades and more like a few frivolous purchases and a lot of losses from using alameda to market make on FTX, i.e. when crypto prices fell, they were using alameda to bail out margin loans they had made out