/biz/ - Business & Finance

How exactly did Alameda squander 10 billion usd?
>market maker firm started in 2017
>operated on bitmex, was top of leaderboard with thousands of bitcoin earned
>got huge, offered services everywhere
>got MM privilege on FTX, no liquidation
>huge walls always on FTX as seen with the heatmap threads, suggesting ftx mostly pushed the price to wherever
>Bitmex lost its mojo when FBI raided their ceos and fined arthur
>open ground for alameda and ftx
YET, somehow, they were deep in the red????? A leak in the Alameda balance sheet showed this, so they obviously fucked up big before CZ assraped FTT. So how the fuck is this possible? you have 10bill in customer funds, which you use to push the market in your own favourable trades, WITHOUT having a liquidation price and still lose?
>women
am i missing something? Didn't sam even rape Luna? or did the luna and 3AC deep dive push Alameda down in the gutter for too long?

I didn't make this pepe.

>>24594244
this