3min 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

There are two mutually incompatible theories about bad relationships between FTX and Alameda. One is that there's definitely some level of people keeping secrets in order to take advantage of other people, which is the conspiracy. The other is that a high frequency trader who has lots of access to account level information from an exchange can make tons and tons of money.

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