Crypto trading firm Alameda Research might be insolvent

Post by janmo » Fri, Nov 11, 2022, 10:30 AM UTC

cryptoanon wrote: post #8

I really do not like this article and the discourse here for several reasons: 1. The entire Coindesk article lacks meaningful substance. For instance, we have zero idea about what those $7.4 billion of “loans” are. It’s really irresponsible to say that they’re insolvent. If you believe, so, you are applying no more rigor to your understanding of the space than the idiots who say HODL YOLO HFSP. If the liabilities are…

Post by harambae » Sat, Nov 12, 2022, 12:35 PM UTC

xerxesaa wrote: post #207

dcolkitt wrote: post #108

As someone in the industry, it's almost certainly not . First very simple point, to become insolvent you have to actually take a loss somewhere. They may have a lot of junk tokens on their balance sheet, and these tokens may be overmarked, but Alameda's cost basis (most of them were from seed rounds) is still way below their current value. With Three Arrows it was very obvious where the loss was from, they were hyper…

Given the recent events of the last 24 hours, what's your updated view on this?

Post by darth_aardvark » Tue, Nov 15, 2022, 5:50 PM UTC

dcolkitt wrote: post #180

toyg wrote: post #139

Earlier quoted context omitted.

- internet person says he works in the crypto space - is actually financially illiterate Checks out, sadly.

I graduated with a degree in finance from Wharton, worked as a quant at Citadel Securities, and have been a high-frequency trader for more than a decade. But I'm more than sure that your credentials at finance or trading are more qualified. :)