Finance is not in my wheelhouse, but if I understand this situation correctly, SA's positions went way up after the assets were purchased by Citadel, correct?
The theory being is that SA not only had 4x leverage, but telegraphed their position, and the real sharks smelled the chum in the water, and then got their fill?
Finance is not in my wheelhouse, but if I understand this situation correctly, SA's positions went way up after the assets were purchased by Citadel, correct?
The theory being is that SA not only had 4x leverage, but telegraphed their position, and the real sharks smelled the chum in the water, and then got their fill?
That is almost double the FTX funds that was lost in November 2022. The figure was $8B.
Now Jane Street has a $15B loss, thanks to SA by an ex-FTX employee.
Here we go again.