On Nov. 2, 2022, Ian Allison’s revealed the weak balance sheets of the FTX-affiliated trading firm Alameda Research, which started both companies’ undoing. It turned out Alameda, despite SBF’s repeated claims it was absolutely separate of FTX, relied heavily on tokens created by FTX and, more importantly, on its unassuming users’ money.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...