[nfcampos]

Even if I take the most charitable view, ie. that everything they did was above board etc, there’s still a lesson here about diversification -

a startup (ie. a private company which represents the majority of the founders assets) is already a massively concentrated, ie. not diversified, financial position -

no need to compound it by making a myriad bets (through Alameda or otherwise) in in other tokens/companies in the same market, which are ultimately incredibly correlated assets.

If there was no fraud, that will ultimately be the explanation for their downfall.