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The Naked Emperor Episode 3: Busted

Understood

CHAPTER

Sam's Substack Newsletter

In January, Sam put out a sub stack newsletter where he continues to insist that he did not steal funds and certainly didn't stash billions away. He writes that Alameda lost money due to a series of market crashes it was not adequately hedged for. In his written testimony for Congress, Sam expresses regret over signing the bankruptcy filing. The run on the bank turned that illiquidity into insolvency.

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