The last 48 hours of FTX/Alameda, told by an employee

Pekelo

Pekelo

This whole article is an excellent explanation of what happened to FTX/Alameda, but the best part is at the very end where a brand new employee recounts the firms last 2 days, a la the movie Margin Call.

https://milkyeggs.com/?p=175

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It would make a good film.

Although it might be a bit premature. With crypto, there could be even more spectacular blow-ups still to come. :D
 
If this is true, it's a good sign for me (buying Robinhood). I am sure many people were (are) wondering what happened to that 7.6% share of Robinhood that was owned by FTX or Sam. Maybe it has already been sold..."Selling off liquid assets"!!
 
The Big Short and Flash Boys fame. He's a great author.
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Though to be fair, many in the business have criticized Flash Boys for not being quite up to standards, with a few mistakes and mis-understandings. Perhaps Lewis should have spent more time polishing that one up and doing a little more cross-referencing.
 
The_Krakenite said:
Though to be fair, many in the business have criticized Flash Boys for not being quite up to standards, with a few mistakes and mis-understandings. Perhaps Lewis should have spent more time polishing that one up and doing a little more cross-referencing.
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It was an enlightening read for me. If not psyops, what are the valid criticisms from insiders?
 
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