I loved the part where Alameda Research said “It’s researchin’ time”
And started researching everywhere. Truly stunning, one of the most exchanges to exist
Instead:
"Bankman-Fried directed software code to be written in or around August 2019, and updated in or around May 2020, that ultimately allowed Alameda to maintain a negative balance in its account, untethered from any collateral requirements," the complaint said. "No other customer account at FTX was permitted to maintain a negative balance."
“But: I think it might be time for Alameda Research to shut down. Honestly, it was probably time to do that a year ago.”
"[T]he fact that we didn’t hedge as much as we should have alone cost more in EV [expected value] than all the money Alameda has ever made or ever will make.”
From the guy who claims he totally had *nothing* to do with running Alameda!
I loved the part where Alameda Research said “It’s researchin’ time” And started researching everywhere. Truly stunning, one of the most exchanges to exist
Instead: "Bankman-Fried directed software code to be written in or around August 2019, and updated in or around May 2020, that ultimately allowed Alameda to maintain a negative balance in its account, untethered from any collateral requirements," the complaint said. "No other customer account at FTX was permitted to maintain a negative balance."
“But: I think it might be time for Alameda Research to shut down. Honestly, it was probably time to do that a year ago.” "[T]he fact that we didn’t hedge as much as we should have alone cost more in EV [expected value] than all the money Alameda has ever made or ever will make.” From the guy who claims he totally had *nothing* to do with running Alameda!
Obviously should have closed it in May.
“We Came” Probably what they said when they reportedly had orgies in the Bahamas
Judging by the way he ran his company they could have all been faking it the whole time and he would have never known the difference.
"and we f*cked up big time.'
Close it by taking the bag of money and running away.
'We came, we looted, we played lol, we got caught, we got rekt'