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a massive brand they had celebrity influencers several million customers Family office hedge fund trading arm thereamp;#39;s FTX which was the exchange one was his personal assets and the other one contained client assets it was either let their Alameda research fail because their positions are underwater but instead they actually borrowed against ftt that they were holding which was the of FTX to bring money that was customers money into Alameda to keep them afloat so combine two businesses in a fraudulent way ended up being exposed came to light in the media through their balance sheet through CZ and binance and that kind of caused things to implode he up on the personal side yeah he borrowed money against investors money which was a large part of the treasury of what they were sitting on basically a loan that like wouldnamp;#39;t have passed any proper risk analysis yeah like gave to himself
