There was pretty much no distinction between FTX and Alameda’s assets and liabilities by this point. It doesn’t matter what you want to call it, but it’s true Coindesk initially reported this document as “Alameda’s balance sheet”.
I find it very strange that you thought this insignificant detail is worth commenting on and ignored everything else in the comment.
it’s true Coindesk initially reported this document as “Alameda’s balance sheet”.
That, and there was later a separateset of newsarticles around “FTX’s balance sheet”, on November 12th through 15th.
insignificant detail
I don’t think it’s insignificant: the main interpretation I saw of the November 2nd news was that this was bad news about Alameda, not FTX. Which is pretty reasonable: at the time the true extent of their interconnection was not public.
I find it very strange that you thought this is worth commenting on and ignored everything else in the comment.
If you’re reading through the forum and see a point where you have something to add, I think it’s generally good to respond even if there are other points where you don’t. It’s also not a strong signal that the addressed point is the most important one.
If you’re reading through the forum and see a point where you have something to add, I think it’s generally good to respond even if there are other points where you don’t. It’s also not a strong signal that the addressed point is the most important one.
That, and there was later a separateset of newsarticles around “FTX’s balance sheet”, on November 12th through 15th.
That balance sheet (if it can be called that) is also not FTX’s balance sheet by your standards; it’s a balance sheet of all FTX-related entities (including Alameda).
I don’t think it’s insignificant: the main interpretation I saw of the November 2nd news was that this was bad news about Alameda, not FTX. Which is pretty reasonable: at the time the true extent of their interconnection was not public.
This is true but I don’t see how it matters in the context we’re talking about here.
> The leaked FTX balance sheet, which is what started the whole mess
I think you mean the leaked Alameda balance sheet, on November 2nd?
There was pretty much no distinction between FTX and Alameda’s assets and liabilities by this point. It doesn’t matter what you want to call it, but it’s true Coindesk initially reported this document as “Alameda’s balance sheet”.
I find it very strange that you thought this insignificant detail is worth commenting on and ignored everything else in the comment.
That, and there was later a separate set of news articles around “FTX’s balance sheet”, on November 12th through 15th.
I don’t think it’s insignificant: the main interpretation I saw of the November 2nd news was that this was bad news about Alameda, not FTX. Which is pretty reasonable: at the time the true extent of their interconnection was not public.
If you’re reading through the forum and see a point where you have something to add, I think it’s generally good to respond even if there are other points where you don’t. It’s also not a strong signal that the addressed point is the most important one.
I very strongly agree with this.
That balance sheet (if it can be called that) is also not FTX’s balance sheet by your standards; it’s a balance sheet of all FTX-related entities (including Alameda).
This is true but I don’t see how it matters in the context we’re talking about here.