Alameda 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

Alameda 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.