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Sam Bankman-Fried launches a Substack
- paulpauper 4y agoComments disabled. not surprised.
- draw_down 4y ago[dead]
- Jun8 4y agoFrom the WSJ article (https://www.wsj.com/livecoverage/stock-market-news-today-01-12-2023-cpi-report-december-inflation/card/sam-bankman-fried-resurfaces-with-fresh-defense-of-ftx-collapse-ywrHd8o20NDTOSeBrSOx https://www.wsj.com/livecoverage/stock-market-news-today-01-...): Mr. Bankman-Fried wrote on his Substack: * The collapse of Mr. Bankman-Fried’s hedge fund, Alameda Research, stemmed from a broad crypto market meltdown. * He didn't run Alameda for the last few years. * FTX could have raised fresh investor cash and made customers whole if it wasn’t forced into bankruptcy. * Alameda’s insolvency stemmed from failure to hedge its positions and actions by rival exchange Binance. * Alameda’s contagion spread to FTX.