2min chapter

Clearer Thinking with Spencer Greenberg cover image

The FTX catastrophe (with Byrne Hobart, Vipul Naik, Maomao Hu, Marcus Abramovich, and Ozzie Gooen)

Clearer Thinking with Spencer Greenberg

CHAPTER

Is Alameda Exploiting FTX?

The other conspiracy is no, FTX was not being exploited by Alameda. It was the other way around. Alameda was actually getting picked off constantly by more successful, more sophisticated traders and it was providing excessively cheap liquidity to FTX. And that there are interesting parallels with what Anne Ron did,. There's actually an interesting parallel with the made-off scam which I can get to first where Made Off had a legitimate market making business and then a Ponzi scheme fund.

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