> If crypto had gone up and up and up forever as intended, the fraud would never have been discovered.
I'm not sure of that. When you need an account's credit limit set to $65 billion because the account (Alameda Research) kept hitting the credit limit, something is seriously, seriously wrong irrespective of the state of crypto. It seems like they were inevitably going to fail hard. FTX was literally allowing Alameda Research to trade with make believe money.
Some of the major traditional brokers will just up and close your account permanently if you abuse, even within their already strict rulesets, their margin accounts.
I'm not sure of that. When you need an account's credit limit set to $65 billion because the account (Alameda Research) kept hitting the credit limit, something is seriously, seriously wrong irrespective of the state of crypto. It seems like they were inevitably going to fail hard. FTX was literally allowing Alameda Research to trade with make believe money.
Some of the major traditional brokers will just up and close your account permanently if you abuse, even within their already strict rulesets, their margin accounts.