4 ms·
Okay - so even 0.01% on $10Bn = $1M per day = $365M per year, and - at the time - growing. One would think they should've been able to get a loan (if those num
by onlyrealcuzzo 4y ago
Okay - so even 0.01% on $10Bn = $1M per day = $365M per year, and - at the time - growing.
One would think they should've been able to get a loan (if those numbers were real).
- HDThoreaun 4y ago365 million against 10 billion isn't so great
- vgatherps 4y agoThose numbers were likely real. Any serious MM firm can quickly get an idea if the books/volumes on an exchange are legitimate and leaves if not (high theft risk on fake venues). Aside from 365mm on 10bn being a bad trade, the volume will 100% drop off drastically after the loss of trust. That 365mm would be fortunate to stay above 36mm in my opinion
- onlyrealcuzzo 4y ago> Aside from 365mm on 10bn being a bad trade, the volume will 100% drop off drastically after the loss of trust. That 365mm would be fortunate to stay above 36mm in my opinion You wouldn't have had a loss of trust because the loan would've allowed FTX NOT to transfer customer deposits to Alameda, and instead use borrowed money (on their future earnings).