[Human Voice] "Book Review: Going Infinite" by Zvi
LessWrong (Curated & Popular)
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The Collapse of FTX and the Tensions Between Alameda Research and Binance
This chapter explores the consequences of the collapse of FTX and the tensions between Alameda Research and Binance. It discusses the irrational actions of a trader who borrowed heavily against their illiquid stock and bought speculative assets, leading to the crash of the crypto market. The chapter also highlights the repayment of loans by Alameda to prevent liquidation and the questionable decisions made by the trader regarding their rival and regulators.
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Transcript
