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TechFlow news — Su Zhu, co-founder of Three Arrows Capital, tweeted that Alameda may have been acting as a counterparty to FTX users for years. However, during the LUNA collapse, LUNA experienced three consecutive days of one-sided selling pressure, and Alameda likely suffered massive losses by providing substantial liquidity to FTX.Source link
Su Zhu, co-founder of Three Arrows Capital, tweeted that Alameda may have been acting as the counterparty to FTX users for years. However, during the LUNA collapse, LUNA experienced three consecutive days of one-sided selling pressure, and Alameda likely suffered significant losses from providing substantial liquidity to FTX.
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