A collection of some thoughts on the FTX meltdown over the last few days. What happened? Out of $16 billion in customer assets, $10 billion was loaned to Alameda for trading. When Alameda Research was margin-called, and users tried to withdraw their funds from FTX, the money wasn't there.
On FTX
On FTX
On FTX
A collection of some thoughts on the FTX meltdown over the last few days. What happened? Out of $16 billion in customer assets, $10 billion was loaned to Alameda for trading. When Alameda Research was margin-called, and users tried to withdraw their funds from FTX, the money wasn't there.