I always assumed Alameda was front-running customers along with acting as a street dealer for Tether. That they somehow incinerated $9 billion while running a hedge fund with a captive retail muppet audience is just... wow.
Oh yah i forgot about the email system they have. That would be plenty real time (well, would have to check on the actual latency reliability of that), and a great way to get a lot done...if the wardens didn't mind. I'm sure they wouldn't mind incoming quotes. It's the outgoing calls that might be suspicious. But if the language is couched to just pertain to one's own account, then maybe? Or maybe if it's made to just sound like a game to pass time? Yah i mean it's getting so easy to become a political prisoner. I might try to trip a shoplifter trying to walk out of Home Depot a load of power tools. But SBF, whatever the judge gives him will probably be well deserved.
1. Alameda was mostly investing in crypto start ups and such. That is how they burnt the money. See below, only 1.8 B was lost. 2. They actually recovered most of the missing 9 B. "FTX and FTX US had an estimated $8.7 billion combined shortfall at the time the crypto firm filed for bankruptcy. Roughly $6.9 billion of that shortfall, including a Bahamas real-estate portfolio, had been recovered as of September."
“The mack currency system is far more stable than crypto,” Considering that cryptos have no value for the behaviours that they are exhibiting except for hyped-up speculations, anything has more value than cryptos. Well at least they paired him up with relatively non-violate roommates instead of violent hitmen.
The feller I was thinking of goes by the name Curtis "Wall Street" Carroll. Today I learned that you can get smart phones in jail for like $5000. They are brought in by the guards, making themselves a side hustle. This information comes from an interview with SBFs roommate during his trial incarceration, Gene Borrello with YouTuber Tiffany Fong. This interview came out today.(Borrello is now on the outside). Borrello ended up protecting SBF from some extortion scheme. Fong interviewed SBF while in house arrest at his parents. Borrello doesn't think SBF will ever see the street again.