Following the collapse of FTX at the beginning of November, two top executives from FTX and Alameda Research — Sam Bankman-Fried and Caroline Ellison — have been listed among traders with the top trading losses worldwide on Wikipedia. According to the Wiki page, Bankman-Fried’s and Ellison’s so-called ‘trading loss’ of 51 billion nominal U.S. dollars is at the top of the list in terms of the highest nominal amount of funds lost by trading.
Wiki Article Prematurely Suggests FTX Fiasco Was a $51B ‘Trading Loss,’ Despite Ongoing Investigations
The FTX fiasco has been a big deal and according to data, it was one of the largest losses in the financial world in quite some time. In fact, according to Wikipedia’s page called the “List of Trading Losses,” FTX co-founder Sam Bankman-Fried (SBF) and Alameda Research CEO Caroline Ellison, have been added to the top of the list for purportedly losing $51 billion. The so-called trading loss tied to SBF and Ellison eclipsed the former largest trading loss, which took place in 2021. Prior to the FTX collapse, Archegos Capital Management reportedly lost $10 billion in total return swaps, and Archegos founder Bill Hwang reportedly lost it all in two days.
Below the FTX and Archegos trading losses was Morgan Stanley’s and bond trader Howie Hubler’s loss of $9 billion in 2008, as the company and trader lost the money from credit default swaps. Four years later, JPMorgan Chase and Bruno Iksil lost $9 billion…
