One bit of clarifying info is that according to Sam, FTX wasn’t just grabbing customer $ after Alameda became insolvent, but lent ~1/3 or more of the customer funds held to Alameda. And this happened whenever users deposited funds through Alameda, something we know was already happening years ago—from the early stages of FTX.
One bit of clarifying info is that according to Sam, FTX wasn’t just grabbing customer $ after Alameda became insolvent, but lent ~1/3 or more of the customer funds held to Alameda. And this happened whenever users deposited funds through Alameda, something we know was already happening years ago—from the early stages of FTX.
The same gist comes across in interviewing from Coffezilla: https://t.co/rMljwAqhDq