Is FTX Going to Lose Money on a Margin Account?

The idea that a margin account could ever cause another customer to lose money is not a margin. If even if it was a margin account, okay, and FTX somehow misadministered the margin account, it should never have taken other customers deposits and use them to pay back that money. That did not happen because Alameda got a special exception on the platform to turn off auto liquidation. This guy had lost an enormous amount of money already in calendar year 21. You guys are giving this guy a hot pass. He blew a $3 billion hole in our balance sheet in calendar Year 21. Now we're sitting here at the end of 22.