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A comment on What Happened at Alameda Research. Parent comment

Re:What Happened at Alameda Research by pjc50 on Tuesday November 15, 2022 @09:05AM (#33609286)
It's crypto! Once it's transferred off the exchange, it's in a pseudonymous wallet.

Just to confuse matters, it appears that both the exchange was hacked and an insider was draining funds just before it shut down. But before that, there was a lot of "money" that went out the door in legitimate trading losses.

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Re:What Happened at Alameda Research by eternalban on Tuesday November 15, 2022 @09:58AM (#33609877)
(I thought these [addresses] could be watched.)

> there was a lot of "money" that went out the door in legitimate trading losses.

Let's not give them easy pass on this. I could be wrong so correct me on this:

Easy setup is to have a bunch of people setup 'shitcoins' and shell companies, scam people to put actual money into the scheme to pump the price, and then pay inflated prices for your fellow scam artists' shitcoins, so they clean out, but the chumps who bought your coin are holding the bag.

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