> FTX loaned money to Alameda ... [it was a bad bet] ... That's about it He took money from an exchange, client money, and without permission used their money

> FTX loaned money to Alameda ... [it was a bad bet] ... That's about it He took money from an exchange, client money, and without permission used their money ("t" "h" "e" "i" "r" " " "m" "o" "n" "e" "y" -- channeling the genius' tweets here) and put it in his own company, the "hedge fund" called Alameda. So that is fraud and not a bad bet. A 'good bet' is that an organization (which merely includes FSB) who due to circumstances was exposed red handed in fraud involving billions of dollars and famous people, which then benefits from "f" "r" "e" "e" PR by established media, starting with "The New York Times", is a protected outfit of some sort, and that the playful sociopaths in FTX/Almada know it full well.