Hot take: Someone at Alameda was actually good at their job
Tech Hot take: Someone at Alameda was actually good at their job 2 minuto ang nakalipas Balita ng Ethereum ng Bitcoin While theres an emerging consensus that the Alameda catastrophe — aside from the fraud and use of FTX customer funds — was essentially the fault of incompetent “kids,” court documents and on-chain analysis show the trading firm at times had the ability to print money almost as quickly as they lost it. Two things can be true at once: There were deeply talented individuals working at Alameda that made it a genuine trading, investing and market making powerhouse, and simultaneously, failures by leadership to institute common sense security practices (or, you know, not commit ) that ultimately led to its demise. Public perception is fickle, but on-chain records don‘t lie. Prior to November 2022, Alameda was something of a boogeyman among the perpetually online degenerate crowd — capable of rendering a yield farm inarable with the casual deployment of a few hundred million, or single-handedly deciding the fate of an altcoin. There were few who would question Alameda’s expertise or profitability. Then, the fall. Over the course of a few weeks, it was revealed that much of Alamedas perceived might was attributable to a particularly odious
