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Reading between the lines (and pattern matching), my interpretation is it’s likely a line that prevents balances going below zero. The number was an account num
by tobyjsullivan 4y ago
Reading between the lines (and pattern matching), my interpretation is it’s likely a line that prevents balances going below zero. The number was an account number which was exempted from that particular check.
The $65B figure probably leads somewhere else and sounds like it would be counting bitcoins which peaked at over $65k per coin.
If there was some other limit that prevented his balance from falling below -$1M BTC, then Alameda “had access to” over $65B in credit (in October 2021)