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

The Relationship Between FTX and Alameda

Alameda traded heavily on the FTX platform, meaning it sometimes benefited when FTX's other customers lost money. Critics called this a conflict of interest. In the past, Mr. Bankman Fried has defended the arrangement saying Alameda provided crucial liquidity that enabled other customers to complete transactions on the exchange. A guest who visited FTX's complex in recent months said Ms Ellison had been sitting within view of computers displaying the exchange's trading data.

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