# Milky Eggs ยป What happened at Alameda Research - Host: [milkyeggs.com](https://links.thingelstad.xyz/hosts/milkyeggs.com/) - Saved: November 17, 2022 (2022-11-17T12:36:20Z) - Record: https://links.thingelstad.xyz/links/cd6a420906cb/ - JSON: https://links.thingelstad.xyz/links/cd6a420906cb.json ## What Jamie wrote If you are curious to go through the main ways that FTX lost so much money, this article is a fabulous overview of the whole thing. > We can try to give a very rough accounting of their potential losses: > > - Voyager/BlockFi acquisition: $1.5b > - LUNA exposure: $1b > - KCG-style algo crash: $1b > - FTT/SRM collateral maintenance: $2b > - Venture capital: $2b > - Real estate, branding, other frivolous spending: $2b > - FTT drop from $22 to $4: $4b > - Discretionary longs going bad: $2b > - Total: $15.5 billion The article goes through some interesting *potentials* for how FTX degraded to what it became. Also part of the premise is how can you even lose that much money? it seems you would have to try really hard. This story is going to go on for a long time. ## Facts - Kind: [Page](https://links.thingelstad.xyz/kinds/page/) ## Appears in - [WT234: Weekly Thing #234 / Distributed, Principles, Drivers](https://weekly.thingelstad.com/archive/234/), Featured ## Saved the same week - [Collaborating away](https://links.thingelstad.xyz/links/91685da10234/) (world.hey.com, November 17, 2022) - [Ethereum Dashboards](https://links.thingelstad.xyz/links/4f3b32e71694/) (ethdash.xyz, November 17, 2022) - [ENS Redirect](https://links.thingelstad.xyz/links/f58f85cf01b8/) (ensredirect.xyz, November 17, 2022) - [The Distributed Computing Manifesto | All Things Distributed](https://links.thingelstad.xyz/links/732bfe818efe/) (allthingsdistributed.com, November 17, 2022) - [State of Minnesota Launches $34.5M Venture Capital Program](https://links.thingelstad.xyz/links/31d74f990cd6/) (tcbmag.com, November 17, 2022) ## Elsewhere - Wayback Machine: https://web.archive.org/web/*/https://milkyeggs.com/?p=175