Math camp and MIT background... Wholesome and nerdy, but total badasses in analytics and game theories, I thought the edge in basketball sports gambling using modeling simulations was interesting, though as Sam explained it, is fun but couldn't scale to crypto profits trading potential unless there were a million games a night
My biggest loss on this bull market was CREAM which Ironically if I just held could have been very profitable as I kept adding to the position, power of the bull market, all longs are profitable and everyone's a genius until it is no longer a runaway bull market
Anyway, re: CREAM was a high flyer and when I got in, defi platform was in hypergrowth, the dev team had their coins locked for years of vesting, then it got listed on FTX (Sam and Alameda research), and with perpetual futures and token allocation to FTX team, CREAM got shorted to its knees. I read up that this is the MO for FTX and how it's a death sentence for young projects to be listed there
If I only knew how to trade perp futures, I could have listened to a guy on Discord pointing out there was a constant 20% discount on CREAM. I tried the perp btc futures on FTX, but reviewing what happened on CREAM then, and my non-KYC'ed account on FTX, would have meant I'd have needed to leave a high amount of capital on FTX due to $2000/daily wd limit, so I would not have been willing to do that then, or now (i.e. btc perp futures hedging)
Sorry about REEF, not familiar with what happened there, but I'd guess Sam's antics...