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

Alameda and FTX - Is There Evidence of This?

A lot of people were doing something called wash trading, which is where you just trade with yourself. So yeah, they would just post trades that would lose money and make other people trade with them. But as we know now, the people at Alameda are quite smart. And I guess they were too smart for this. If this happened, a few people would come on and no one would come on again because they all be losing money on FTX. That's how it grew as an exchange.

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