ພໍ່ຄ້າ Jane Street ຫຼາຍຄົນໄດ້ລຸກຂຶ້ນຢູ່ FTX ແນວໃດ?

Established in 1999, quantitative trading firm Jane Street has grown to become a multi-billion-dollar Wall Street giant. The firm employs thousands of employees and, even though it’s not required to file public financials, it disclosed 7.8 $ ພັນລ້ານ in earnings on $ 17 ພັນຕື້ worth of securities trades after its fiscal year 2020.

However, perhaps the most interesting thing about the New York-headquartered company is that it employed five workers who subsequently went on to participate in Sam Bankman-Fried’s ill-fated FTX empire.

  • It employed Sam Bankman-Fried (SBF) himself and Caroline Ellison, the criminally ຖືກກ່າວຫາ CEOs of Alameda Research.
  • Jane Street also employed Duncan Rheingans-Yoo, and SBF’s former romantic partner, Xiaoyun “Lily” Zhang. The pair received a combined $400 million dollars from SBF.
  • The company also employed SBF’s brother, Gabe Bankman-Fried. Gabe would later quit to run political donations through ເບິ່ງເຫັນໄດ້ non-profit organizations funded by SBF, namely ‘Guarding Against Pandemics’ and ‘Building a Stronger Future.’

Based on bankruptcy ເອກະສານ, substantially all money that SBF used to pay these people came from deposits by FTX customers.

Although these people met at Jane Street, all of them had left by the time they began working at FTX. There’s no evidence that Jane Street had any involvement in their FTX-related misdeeds.

SBF invited former colleagues to join him at FTX

ຫຼັງຈາກ ເຂົ້າຮ່ວມ Jane Street in 2013, SBF claimed to have specialized in trading international ETFs. He started as a Jane Street intern and then joined as a full-time trader after college.

However, he maintained close ties with his former co-workers. For example, his brother became a trader and it’s public knowledge that he had romantic relations with at least two: Lily and Caroline. Shortly before the collapse of Bankman-Fried’s companies, Alameda Research “ລົງທຶນ" another $300 million atop its prior $100 million investment into Bahamas-based Modulo Capital (not to be confused with Brazil’s giant conglomerate Módulo).

SBF’s former Jane Street colleagues Xiaoyun “Lily” Zhang and Duncan Rheingans-Yoo operated Modulo Capital. Precluding any doubt about this obvious connection, Modulo Capital ສ້າງຕັ້ງຂຶ້ນ its headquarters in the same Albany resort as SBF’s personal residence.

ອ່ານ​ຕື່ມ: ເວັບໄຊທ໌ນີ້ອະນຸຍາດໃຫ້ລູກຄ້າ FTX ຍື່ນບົດລາຍງານການສໍ້ໂກງຢ່າງເປັນທາງການ

SBF’s once-lover and former Alameda Research CEO Caroline Ellison left Jane Street to join his lawless operation in March 2018. In a Forbes ຄຸນນະສົມບັດ, she misleadingly described her departure from Jane Street as SBF recruiting her over a cup of coffee in California.

Jane Street as a firm has not publicly commented on the activities of five of its former employees. Again, Protos is not aware of any evidence linking Jane Street to the misdeeds of FTX. Head of institutional strategy Mina Nguyen ກ່າວວ່າ a variety of institutions remain confident in Jane Street’s expertise in legitimate participation in the digital asset industry.

Crypto becoming more important for Jane Street

By 2017 and with nearly two decades of experience in market-making, Jane Street started trading cryptocurrencies. It expanded its market-making operations on the world’s crypto exchanges and paid-for-order-flow for digital asset trades on platforms like Robinhood. It also began offering liquidity and trading on decentralized exchanges. 

Predictably, as crypto has become more profitable, the company has expanded its operations. Indeed, just last week, Jane Street trader Turner Batty ເອີ້ນວ່າ digital assets “a clear growth area” for the company.

While the company doesn’t delineate how much money it makes specifically from digital asset trading, it does ຜະລິດ annual and quarterly reports like any other company. However, it limits the visibility of its reports to debt and equity holders.

Naturally, its digital asset-related activity comes with overheads, like hiring people to handle the complicated accounting and back-office functions. Dozens of Jane Street employees either trade digital assets or handle the complicated tax, custody, and record-keeping.

We’ve reached out to Jane Street for a comment and will update this story accordingly if and when it responds.

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Source: https://protos.com/how-did-so-many-jane-street-traders-wind-up-at-ftx/