Currencies
This is $9.8 billion of mistakes, plus a billion-dollar miscellaneous category for the even worse mistakes. It loaned tons of money to some outside trading firm against MobileCoin, which made no sense, and which stuck Alameda with a billion-dollar loss. The seizure of the tokens as collateral partially explains the multibillion-dollar cash shortfall that led to the bankruptcy at FTX.
United States
The 30-year-old had pushed legislators in the US to adopt FTX s system, potentially opening it out to non-crypto markets.
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