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A comment on Major crypto trading firm Alameda Research might be insolvent. Parent comment

Re:Major crypto trading firm Alameda Research might be insol... by JumpCrisscross on Friday November 04, 2022 @11:49AM (#33468656)
This looks more like a dealer book than a classic MM. If they’re long $5.8bn and short $5.79bn, their net position is fine. That said, they’d be carrying major counterparty risk.
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Re:Major crypto trading firm Alameda Research might be insol... by shorthistory on Friday November 04, 2022 @11:53AM (#33468721)
1. They are understood to be classic MM [source?]

2. Balance sheet shows they are not classic MM

3. Counterparty is FTX

4. ...

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