Weekly Roundup 11/17/22 (John Ray’s FTX filing, will FTX political contributions be repaid, what’s wrong with effective altruism?) (EP.372)
On The Brink with Castle Island
The Three Arrows Debacle on FTX
In the bankruptcy filing, it says that there was a quote, secret exemption from liquidations on the venue for Alameda. That basically means that Alameda was able to run negative balances on the exchange so they could go negative infinity on the exchange. Everyone else would get liquidated and blown out. Just you can't make this stuff up. It's really crazy. Anyone who doesn't think this is a fraud has a broken brain at this point.
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