“Alameda was in trouble: The firm had just recorded a loss of about $5 billion, which appeared to include money that FTX’s customers had deposited with the exchange for safekeeping.”A strange assessment. I have never seen an income statement or even a ledger that can identify who’s funds are used for an expenditure.

“Alameda was in trouble: The firm had just recorded a loss of about $5 billion, which appeared to include money that FTX’s customers had deposited with the exchange for safekeeping.”A strange assessment. I have never seen an income statement or even a ledger that can identify who’s funds are used for an expenditure.

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