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> 1. Alameda Research experienced some losses and needed capital injection Were the losses real or were they "diverted" to someone else? This, herein, lies t
by bb88 4y ago
> 1. Alameda Research experienced some losses and needed capital injection
Were the losses real or were they "diverted" to someone else? This, herein, lies the problem. We as outsiders cannot tell the difference.
- gruez 4y agoWhy go for the conspiracy angle when "did dumb things with money" perfectly explains it? I'm not saying it can't possibly be some conspiracy going on, just that absent any evidence you seem pretty happy to jump on the conspiracy bandwagon.
- bb88 4y agoWhy must he be stupid all of a sudden, when it's clear he's a pretty smart guy? Afterall, "Fraud and Stupidity look an awful lot alike" [1] Playing the dope is pretty common con scheme. [1] https://www.bankinfosecurity.com/fraud-stupidity-look-lot-alike-a-2521 https://www.bankinfosecurity.com/fraud-stupidity-look-lot-al...
- pxue 4y agoAlameda got called by their creditors on their loans because cz of binance have been slowly liquidating FTX position for the past year and half. Market paniced when alameda attempted to buy all remaining FTX from Binance, at $22. Probably because Alameda has loans that would be liquidated under that price. A Bank run materializes, and the rest is history.