“The November crash was a targeted attack on assets held by Alameda, not a broad market move … As a result, the larger hedge that Alameda had finally put on that summer didn’t end up helping. It would have for every previous crash that year – but not for this one,” Bankman-Fried wrote. “Over the course of November 7th and 8th, things went from stressful but mostly under control to clearly insolvent.”
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto...