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So… Can they clawback the illegally “used” customer funds from whatever schemes were used to keep Alameda solvent? Where did the billions go?
by sizzle 4y ago
So… Can they clawback the illegally “used” customer funds from whatever schemes were used to keep Alameda solvent? Where did the billions go?
- vkou 4y agoMy best guess is that a small part of the billions went towards mansions in the Bahamas, another small part went towards political bribes, and a rather large part went to various counterparties that traded against Alameda. It's pretty easy to lose any amount of money if you're paying $10 for $5 bills.