I mean, page 9 of the bankruptcy filing says Alameda Research loaned SBF $1,000,000,000 [1], and a couple billion in loans to other owners or companies owned by

I mean, page 9 of the bankruptcy filing says Alameda Research loaned SBF $1,000,000,000 [1], and a couple billion in loans to other owners or companies owned by the owners. Maybe he just fucked up. But when the music stops and instead of having your customers' money, you have a bunch of loans to the owners of the company... I'm not sure if "he just fucked up" is the simpler explanation, or the more credulous one. [1]: https://s.wsj.net/public/resources/documents/FTXFILING.pdf https://s.wsj.net/public/resources/documents/FTXFILING.pdf