Originally published on frontruncrypto.com — click here to subscribe for free.
Dear frontrunners,
Previously we concluded the most recent episode of wealth destruction across the crypto ecosystem was a result of the co-mingling of depositor funds enabled by a ponzi coin with supply and demand artificially engineered by a centralized party: FTX. Both acts were crystalized as an attempt to backstop FTX’s partner hedge fund Alameda Research from insolvency vis-a-vis the summer 2022 crypto collapse. For those playing…
