Su Zhu: Alameda Has Been Internalizing FTX Client Liquidations for Years

The co-founder of Three Arrows Capital Su Zhu tweeted that Alameda had been internalizing (taking other side) FTX client liquidations for years.

In the previous LUNA collapse, 3 days of 99% sell-only liquidity flow from LUNA (and many other coins) likely would've opened up a large loss from giving themselves non-liquidity on their own platform.