FTX collapsed because the CEO was a simp who gave away his assets to protect his hedgie girlfriend from margin calls. I'm not kidding. - Kotaku In Action 2 - The Official Gamergate Forum

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FTX collapsed because the CEO was a simp who gave away his assets to protect his hedgie girlfriend from margin calls. I'm not kidding. (archive.ph)

posted 2 years ago by TheImpossible1 2 years ago by TheImpossible1 +20 / -9

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– TentElephant 12 points 2 years ago +12 / -0

It was literally a ponzi scheme that collapsed because there was a run on the crypto assets.

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– TheImpossible1 [S] -2 points 2 years ago +3 / -5

But they had the capital to cover a run until the CEO gave it to Alameda to cover her losses on FTT.

The financial reports for both have been published. It's clear that Alameda's losses on FTT were why the capital was transferred. It was likely bought on leverage, so when Binance dumped their stake, the margin call came fast.

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