TechFlow news — Zhu Su took to Twitter, claiming that FTX and Alameda have been intertwined since their inception, and that SBF has been insolvent since July. He exhibited numerous reckless behaviors, including providing false bailouts to creditors and raising funds in subsequent rounds that angered earlier investors.
Zhu Su also stated that understanding the origin of FTT reveals that Alameda/FTX's entire business model involved taking losses on short-term liquidity provision to other trading firms, aiming to attract trading volume and traders, then recouping profits through predatory spot trading.Original link
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