We all know Alameda basically had God Mode enabled when trading on FTX.
Here are the exact advantages for Alameda that were programmed into the code for FTX by Wang and others at the direction of SBF:
- No liquidation
- Unlimited credit line (from customers ofcourse xD )
- Priority order execution via API
- No balance checks when executing orders
They still lost.
Basically the entire operation was run by a bunch of nerds blitzed out of their minds on stimulants all the time... tossing around billions of dollars of customer money as if they were at a roulette table. No cheat code can help with that...
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