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Sources: Alameda sheltered FTX from an up to $1B loss in April 2021 after an FTX trader's MobileCoin trade went bad, wiping out Alameda's 2021 profits (Financial Times)


Financial Times:

Sources: Alameda sheltered FTX from an up to $1B loss in April 2021 after an FTX trader’s MobileCoin trade went bad, wiping out Alameda’s 2021 profits  —  Alameda Research sustained up to $1bn loss last year when client’s trade on obscure token went sour  —  Hedge fund Alameda Research stepped …



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