Did SBF Try to Bailout Himself?

FTX provided US$4.1 billion bailout to Alameda Research: data

Read the alleged sequence of events carefully.

FTX exchange sent Alameda Research 173 million FTT tokens on Sept. 28, worth US$4.1 billion at the time, according to Etherscan data.

The funds came from the FTT ICO contract, which automatically released the 173 million tokens from FTT’s initial coin offering.

Indeed, read this whole thread:

Again, the thing that strikes me here is the naivety of the so-called smart contracts. Somehow, everything looks rosy looking into the future, so no conditions are placed on the token issuance that would reflect any dramatic change in market conditions compared to when the contracts were deployed.

OK, such conditionals may be hard to figure out, but...erm... that's just coding, right!?

And Alameda pretend to be professionals!

“This would have been fine if the price of FTT didn’t collapse and a bank run ensued.”

IF ONLY...

Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet

I really do have to laugh at these people. The whole "price discovery" mechanism is like sculpting with clouds. You can create some pretty formations, but never, for one moment, assume you can freeze the moment. IF you have been smart enough to accumulate huge paper wealth, turn it into something else - something that won't evaporate the next time you look.