“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.”
Web3 Publishing Platform Mirror Sells to Paragraph, Pivots to Social App ‘Kiosk’
Paragraph founder Colin Armstrong says that his product differed from Mirror, at least initially, in that it tried to appeal...