Vida
@Vida_BWE
pretending to be semi-retired but secretly grinding prop trading firm founder. play a zero-sum game with positive-sum systems.
Joined November 2021
884 Following 76.3K Followers
This thread is the most believable one, saying that Alameda&FTX goes insolvent due to self-market-making with bad strategy.
1/ Very rough and speculative sketch of what I increasingly think happened at FTX as more info comes out…
The central question is where did the money go? Yes malfeasance and fraud is necessary, but at one point in the cycle cash actually has to go out the door
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