This is actually one of the reasons why the FTX collapse came as a surprise for most crypto insiders. Everyone assumed that Alameda Research (the trading arm of

This is actually one of the reasons why the FTX collapse came as a surprise for most crypto insiders. Everyone assumed that Alameda Research (the trading arm of FTX) was printing money, alas it was losing billions. Sam Trabuco, co-founder of Alameda, who has been surprisingly absent from any trial, was instrumental in creating this illusion of success for Alameda.