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To be fair so did ITG.

I think Alameda lost money doing silly bets and just losing it in the "don't know where I put it" way.

Their MM operation was making lots of money according to someone I talked to. Just not enough to offset them setting it on fire.

> This is what Alameda was doing on FTX right?

Alameda did many illegal things, including lying to investors about their returns to get funding. And pump and dumping a huge lot of shitcoins which SBF created or funded.

So I don't doubt they'd also frontrun their customers.