5 ms·
My understanding is that Alameda was a market maker, which should have less exposure to down / upswings. What kind of bets was Alameda making? Why would it nee
by georgeglue1 4y ago
My understanding is that Alameda was a market maker, which should have less exposure to down / upswings.
What kind of bets was Alameda making? Why would it need so much leverage?
I understand why loaning money to Alameda could be rationalized a risky, but not sketchy move (if Alameda posted collateral, paid reasonable terms like anyone else would, etc.).
- jeffreyrogers 4y agoThey have been taking directional bets since 2020 at least: https://twitter.com/AlamedaTrabucco/status/1385180941186789384 https://twitter.com/AlamedaTrabucco/status/13851809411867893...