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treis
on Nov 10, 2022
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The Sam Bankman-Fried empire crumbled. What happen...
Can someone ELI5 what margin has to do with the bank run?
acgt23
on Nov 10, 2022
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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
nullc
on Nov 10, 2022
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Much of the assets traded on FTX were leveraged sidebets e.g. "perpetuals", the underlying assets didn't exist.
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