Can someone provide a fellow substacker with any resources explaining specifically how the “Kimchi Premium” arbitrage trades worked? I am confused about how they worked. How was the scheme executed? Thank you so much. :)
So assuming that they made a percentage transaction fee etc; this theoretically allowed alameda to keep cycling their crypto/cash reserves in&out and making money on each transactions.
Theoretically, if the fiat & crypto were just replacing each other then it should have been a profitable model… I’m not sure how legit it is. Doesn’t sound very.
How can someone send you tips? Do you have e-mail? Or anything besides Twitter?
The deeper the rabbit hole gets the more people realize bank man Fried is a criminal and a fraud, and needs to be locked up for years just like Bernie
So much money laundering.....
Can someone provide a fellow substacker with any resources explaining specifically how the “Kimchi Premium” arbitrage trades worked? I am confused about how they worked. How was the scheme executed? Thank you so much. :)
So assuming that they made a percentage transaction fee etc; this theoretically allowed alameda to keep cycling their crypto/cash reserves in&out and making money on each transactions.
Theoretically, if the fiat & crypto were just replacing each other then it should have been a profitable model… I’m not sure how legit it is. Doesn’t sound very.
Money laundering concerns aside (!!)
How can someone provide you with tips? Do you have an email or some other place to send you something?