We are an investment group focused on advancing blockchain innovation in the new digital asset economy
The FTX Debacle and its Implications - Parth Valecha
Part 1: What the FTX HappenedIntroduction2022, in the world of crypto, can be characterized by the unraveling of debt and fraud from centralized institutions. Between Terra/Luna, Three Arrows Capital, the collapse of CeFi lenders and the bankruptcy of FTX/Alameda, NAVs of close to $100 Billion were found to be gambled away and commingled. With FTX/Alameda, the executives were allegedly manipulating the book value of their balance sheets, misappropriating funds and insider trading. Ultimately,...
The FTX Debacle and its Implications - Parth Valecha
Part 1: What the FTX HappenedIntroduction2022, in the world of crypto, can be characterized by the unraveling of debt and fraud from centralized institutions. Between Terra/Luna, Three Arrows Capital, the collapse of CeFi lenders and the bankruptcy of FTX/Alameda, NAVs of close to $100 Billion were found to be gambled away and commingled. With FTX/Alameda, the executives were allegedly manipulating the book value of their balance sheets, misappropriating funds and insider trading. Ultimately,...
The TUDS Method: How to safely short $1000 of USDT with $100 - Parth Valecha
So you want to do what all the hedge funds are doing and short Tether. You want to short a lot of it, but you don’t have a lot of $$. This article goes through the two ways people typically create short positions with leverage (off-chain and on-chain), the dangers of those methods, and how the method we use at Arana, TUDS, is significantly better. FYI, just because institutional whales are shorting Tether doesn’t mean it’s worth shorting. DOYR, read their attestations, etc. Also, this is not ...
The TUDS Method: How to safely short $1000 of USDT with $100 - Parth Valecha
So you want to do what all the hedge funds are doing and short Tether. You want to short a lot of it, but you don’t have a lot of $$. This article goes through the two ways people typically create short positions with leverage (off-chain and on-chain), the dangers of those methods, and how the method we use at Arana, TUDS, is significantly better. FYI, just because institutional whales are shorting Tether doesn’t mean it’s worth shorting. DOYR, read their attestations, etc. Also, this is not ...
