Su Zhu comments on the FTX incident: Alameda may have been continuously taking the opposite side of FTX users, but the LUNA incident led to its massive losses
ChainCatcher news, Su Zhu, co-founder of Three Arrows Capital, tweeted that Alameda may have been acting as a counterparty to FTX users for years. However, during the LUNA crash event, LUNA experienced a one-sided sell-off for three consecutive days, and Alameda likely incurred huge losses due to providing significant liquidity to FTX. (Source link)
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