Alameda is attempting to short USDT on DeFi

[ChillyMatthew]

Hi crypto fam.

It appears like Alameda is attempting to supply USDC on aave, borrow USDT on aave, and then exchange USDT for USDC on curve.

They have a quarter of a million bucks to use for this. ($250.000).

They are now just concerned with saving themselves they don't care about the crypto ecosystem.

We may presume that much of the $30 billion USDT that FTX supposedly possessed was transferred to Alameda.

Although USDT has marginally depreciated (by around a penny), we are aware that its foundation isn't the strongest.

Ethereum Transaction Hash (Txhash) Details | Etherscan

https://twitter.com/simianderiv/status/1590686564602245121?t=VKC6-OKvC0mo4YSJhkjRMg&s=19

[hugeblack]

It appears like Alameda is attempting to supply USDC on aave, borrow USDT on aave, and then exchange USDT for USDC on curve.
They have a quarter of a million bucks to use for this. ($250.000).

$250,000 will not change the market and we all know that the collapse of USDT and USDC will not be easy because it simply means the collapse of the concept of stable currencies, which requires a stronger urging than what happened with Luna.
Also, these cryptocurrencies are basically companies trying to make developers rich and therefore will not care much about what will happen in the market if they can save themselves.

The most important link is that all of these currencies do not have a real demand that covers the huge market capacities that they possess, and therefore large quantities of them should not be kept.

[ryzaadit]

Creating a problem with such another huge mess ~XD.

Quarter million? meanwhile their debts to their customer is even reached more than the network of FTX Founder. It's time to announcement FTX already bankrupt, feel bad for everyone asset is in their exchange.

Time SEC to action.