he was certainly a key player > SBF jokes CZ couldn't visit the US > CZ announces he will sell his full stake in FTT (a huge percent of the float) > Alameda

he was certainly a key player > SBF jokes CZ couldn't visit the US > CZ announces he will sell his full stake in FTT (a huge percent of the float) > Alameda was extremely leveraged _based on their FTT holdings_, once FTT started crashing they went under water on their leverage and started fire selling assets at a loss > some of those assets belonged to FTX custumers