samhickmann.eth
@samhickmann
FTX Pre-Mortem Overview - https://sambf.substack.com/p/ftx-pre-mortem-overview As of the end of 2021, then, it would have taken a ~94% market crash to drag Alameda underwater!
3 replies
0 recast
0 reaction
samhickmann.eth
@samhickmann
"All of which is to say: no funds were stolen. Alameda lost money due to a market crash it was not adequately hedged for–as Three Arrows and others have this year. And FTX was impacted, as Voyager and others were earlier."
0 reply
0 recast
0 reaction