It doesn’t really, none of this is adding up. But he’s explicitly lied about this stuff in the past couple days (and since deleted the tweets) so that’s probably what’s happening here
Alameda won’t be worth nearly as much without FTX - it was so successful because FTX fed it as much market data as it wanted and gave it priority market making etc. Also seemed to be sending it its own printed FTT…
It doesn’t really, none of this is adding up. But he’s explicitly lied about this stuff in the past couple days (and since deleted the tweets) so that’s probably what’s happening here
Alameda won’t be worth nearly as much without FTX - it was so successful because FTX fed it as much market data as it wanted and gave it priority market making etc. Also seemed to be sending it its own printed FTT…