FTX / Crypto Collapse 2022
The 2022 crypto winter peaked with FTX’s November failure: commingled customer assets, a hidden related-party book (Alameda), and a run that was old-fashioned bank fraud in a new venue.
Definition
FTX / Crypto Collapse 2022 refers to party book (Alameda), and a run that was old-fashioned bank fraud in a new venue. Keep that definition fixed when comparing series, managers, or regimes — renaming the same tape does not create a new signal.
Why it matters
It is a named object desks use to frame risk, positioning, or process. When party book (Alameda), and a run that was old-fashioned bank fraud in a new venue shifts, related hedges, limits, and narratives usually need an explicit update rather than a quiet assumption.
Case
Suppose a desk is positioned for the opposite of what ftx / crypto collapse 2022 is saying. If party book (Alameda), and a run that was old-fashioned bank fraud in a new venue moves against that book, the first question is not “is the story clever?” but whether size, hedges, and stop logic still match the observation.
How to read it
Keep the definition fixed, then challenge it with cross-checks before sizing. Prefer a short written null hypothesis for FTX / Crypto Collapse 2022: what would falsify the current reading in the next window?