“The November crash was a focused assault on belongings held by Alameda, not a broad market transfer… Because of this, the bigger hedge that Alameda had lastly placed on that summer time didn’t find yourself serving to. It will have for each earlier crash that 12 months–however not for this one,” Bankman-Fried wrote. “Over the course of November seventh and eighth, issues went from demanding however principally underneath management to obviously bancrupt.”
