FTX Is Where Gambling and Wall Street Collided
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Trabucco quit Alameda in August, three months before its losses became known. He was a serious gambler and a trader at Susquehanna International Group. The fall of the Soviet Union brought armies of communist-trained mathematicians and physicists to Wall Street. Trabucci was one of them. He is not convinced that Alamedia is making money. It is a company run by idiots who made highly levered bets that crypto would never go down. His comments are in opposition to the opinions of experts who examined FTX. They think the truth is somewhere in between.
FTX's biggest issue is misappropriating customer funds. Aaron Brown is a former managing director and head of financial market research at AQR Capital Management. He is author of “The Poker Face of Wall Street” and ‘FTx Is Where Gambling and Wall St Collided’ . The opinions expressed in this article do not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
