FTX and Alameda - What the Hell Is Up With That?

When Sam FTX, CZ and Binance announced this acquisition, they described it as FTX reaching out to Binance for help because they had a liquidity crunch. This is the biggest red flag because it should not be possible for FTX to not have the assets. Where was the money? And this is another one. I want to thank Adam Cochran, who's famous for doing his very long Twitter threads. He called attention to like the Ether wallets and wondering, hey, you guys don't seem to have any segregated wallets. What the hell is up with that?