10 ms·
He was a highly privileged kid, son of Stanford professors / attorneys, worked for Jane Street, raised a couple billion in capital and would have stayed a billi
by chrisco255 4y ago
He was a highly privileged kid, son of Stanford professors / attorneys, worked for Jane Street, raised a couple billion in capital and would have stayed a billionaire if he just hadn't stolen from his customers. FTX by itself was worth billions without the degenerate Alameda trading strategies being deployed against their own clients.
- largepeepee 4y agoProblem is Alameda was needed by FTX as a market maker. Alameda was over 50% of the trades and often the counterparty of the others. It is a scam in the end, FTX will die without Alameda.