So if the chain is supposed to enable "trustless" finance, what enabled Alameda to take anything? Seems Alameda and its clients should be screwed, but FTX's holders should be relatively easy to identify and restore.
But everyone seems to say that's not the case. So what broke down here? Why isn't the ledger ledgering?
But everyone seems to say that's not the case. So what broke down here? Why isn't the ledger ledgering?