Doc Claims Alameda CEO Caroline Ellison’s FTX Margin Place Was Unfavorable $1.3B in Could 2022
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They can be easy to fall for if you aren’t cautious!
At least we’ve got a new photo of her.
This is the only positive thing I have to say.
I can imagin being risky with margin when you’re trying to take 1k to 5k but it blows my mind anyone would try to 1,000% or 0% billions of dollars. I get it’s greedy and reckless but you’d think there would be a limit when dealing with so much money. You can’t sell it all at once when up you’d have to stagger it unless you want to crash the price.
Man, did they really thought they could make it? Fking scammers.
Well… she used only elementary school math ¯\_(ツ)_/¯
“Stop losses are a horrible way to handle risk” – Caroline
How do you actually mess up so bad?
If they picked a random person from r/CryptoCurrency to be Alameda CEO they wouldn’t have been in such a bad situation.
What a WITCH.
Didn’t she say something about needing little math to do this shit ? Basic algebra or some bull like that?
Is anybody surprised by this? Bitch is dumb as fukx.
Wow. And I thought my trades were bad…
lol – She said they use very little Maths: https://www.youtube.com/watch?v=Qd2enI4RvXU&t=180s
She doesn’t do risk management and uses only basic math. Who knew stuff could go south….
Looks like she’s still using pull-ups from that photo.
She also reminds me of Sloth from the Goonies.
My eyes
Who would’ve thought things were gonna get worse?!? /s
That’s kinda impressive being so down
A second picture of the Goblin? Has it been sighted again? What’s next, a blurry shaky video where she diagonally walks away from us, with swinging arms, looking back at us for a moment?
Considering the dates and the amount of money I can only guess she must have felt bullish on crypto and had a big margin long position and when that didnt work out, she doubled down again and again with customers’ money.
not only she is bad at elementary level maths but she is also a glorified crypto gambling addict of epic proportions.
Her hairline mirrors her margins of error
Her features are negatively positioned all over her face.
Wow! That smile, that look. Where I have to sign?
tldr; Former FTX Co-founder Sam Bankman-Fried said he “f***ed up” in terms of letting a margin position get too big, bigger than he thought it was. Alameda Research CEO Caroline Ellison’s personal account was in the hole by $1.31 billion in May 2022, according to a document sent to Bitcoin.com News. The document shows Ellison had a negative balance at that time.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
What a sick bunch of fucks these people were
She could have shorted BTC with leverage when Binance dumped FTT, was easy money to make up for losses
Hahahah stop loss order are not necessarily the best risk management hahahah… sounds familiar ?? Ringing eh?
ONE OF US! ONE OF US! ONE OF US! Except it was someone else’s money…
Letting kids play with billions.. Jesus Christ
Gargamel? Is that you?
They only guess their trades
She went full regard
That was a difficult wank
Damn, worse than me.
That’s a new low for someone