[dottrap]

The critics who follow this space rather closely seem to suspect that Alameda was especially exposed and damaged by the Luna collapse. This should have been Alameda's end, but because FTX can create FTT tokens out of thin air and it is so easy to manipulate the price, it can create the illusion of solvency ("flywheel").

Presumably, SBF was hoping that the crypto winter would end soon, which would bring everything else massively profitable for them again, and then plug the holes he had.