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One thing that stuck out at me in the NYT puff-piece was: Alameda had accumulated a large “margin position” on FTX, essentially meaning it had borrowed funds
by rkagerer 4y ago
One thing that stuck out at me in the NYT puff-piece was:
Alameda had accumulated a large “margin position” on FTX, essentially meaning it had borrowed funds from the exchange ... He said the size of the position was in the billions of dollars but declined to provide further details.
Did FTX use their pool of customer deposits to extend leverage to margin traders?
- shawabawa3 4y agoAlameda went underwater on loans and they transferred customer funds from FTX to bail them out
- anonymoushn 4y agoThe NYT is just lying. The people who controlled both FTX and Alameda stole funds from FTX (which FTX customers have claims against) and gave them to Alameda