Yes, huge props to Marc Cohodes: he was totally correct.

But twitter user @Bitfinex'ed (someone who's on a crusade against Tether/Bitfinex since years) described the very scam Alameda and FTX were running before FTX even launched, years ago.

@Bitfinex'ed noticed that SBF had ties with tether from day one. He warned about hundreds of millions of frozen funds (by authorities) on FTX right before FTX raised a billion dollar.

He was warning people not months but years ago.

Anybody who believe this whole Alameda/FTX scam wasn't planned from day one is an useful idiot. The very type of idiot the media is needing right now to sell the "leverage gone wrong for SBF" angle.

There are records of SBF describing the very mechanism he was running with Alameda and FTX before he launched FTX.