ChainCatcher news, BitMEX founder Arthur Hayes tweeted in response to SBF, saying that if customers are liquidated, the exchange should not lose money and there is no reason to give Alameda an account to close liquidation. Everything said about Alameda is misleading. It doesn’t matter how they hedge or don’t hedge, or what they have in their portfolio. There is no reason why Alameda’s account should not be liquidated. If Alameda had been liquidated long ago, FTX probably wouldn't have gone bankrupt.

Hayes also asked SBF to answer how risk is managed at the FTX level and why some customers are treated differently. (Source link)