.#SBF_FTX
1/
Before I finish, let’s do some math.
Assumptions:
FTX deposit base = $15bn
Alameda position notional = $1.3bn
Processed withdrawals pre bankruptcy = $5bn
1/
Before I finish, let’s do some math.
Assumptions:
FTX deposit base = $15bn
Alameda position notional = $1.3bn
Processed withdrawals pre bankruptcy = $5bn
2/
First let’s assume that alameda’s position goes to zero for a loss to FTX of $1.3bn.
Net of customer deposits that’s $13.7bn
First let’s assume that alameda’s position goes to zero for a loss to FTX of $1.3bn.
Net of customer deposits that’s $13.7bn
3/
Next we subtract the amount of processed withdrawals and come to $8.7bn.
Next we subtract the amount of processed withdrawals and come to $8.7bn.
4/
FTX stopped processing withdrawals after the $5bn because they ran out of funds. So how does Alameda going completely bust on FTX lead to a cessation of withdrawals? What happened to the other $8.7bn?
FTX stopped processing withdrawals after the $5bn because they ran out of funds. So how does Alameda going completely bust on FTX lead to a cessation of withdrawals? What happened to the other $8.7bn?
5/
Instead of telling us about the positions of the hedge fund you claim to not have managed, please explain how your exchange went bust when alameda only could have caused a $1.3bn loss to the exchange?
Instead of telling us about the positions of the hedge fund you claim to not have managed, please explain how your exchange went bust when alameda only could have caused a $1.3bn loss to the exchange?
6/
Your ex has a theory of what happened to that $8.7bn, but I guess you have a different story? Why don’t you tell us since you are being so forthcoming with information. I look forward to your next post.
Your ex has a theory of what happened to that $8.7bn, but I guess you have a different story? Why don’t you tell us since you are being so forthcoming with information. I look forward to your next post.
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