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May 3, 20232 min read

Credit Lines in Crypto Shadow Banking

The bankruptcy documents of the cryptocurrency exchange FTX provide a remarkable insight into the secretive world of the crypto shadow...

May 3, 20232 min read

Crypto Industry Secrets: Shadow Debt Market

Hidden behind the public view is one of crypto industry’s biggest secrets, the Shadow Debt Market, where cryptos worth billions of...

May 3, 20232 min read

The collapse of FTX and Alameda explained

Here is a clear explanation of what happened in the FTX & Alameda Research fiasco, which doesn’t involve wild speculation, but is based...

May 3, 20232 min read

Crypto market-making superpowers: Hidden Call Options

It seems like everyone defines crypto market-making slightly differently: ask 10 industry OGs and you will get 10 variations of a similar...

May 3, 20232 min read

Crypto Shadow Banking Explained: Credit for Market Makers

Crypto shadow banking is our industry’s biggest secret, where billions are borrowed & lent on un-collateralized basis. While the public...

May 3, 20232 min read

Understanding the bankruptcy of FTX and Alameda

I have been in the crypto industry for 10 years, running a crypto exchange & market-maker, and it’s fascinating to have an insider...