@chameleon_jeff don't think they were getting picked off, at least not more so than everyone else and def not if they had latency privs (likely imo). as much as i like the narrative that they were clueless, i'm sure they'd know how to exploit their special position to at least not bleed money

@spullen14 I don't have special insight to their financials but just basing off what's public. I think the consensus is they somehow bled money despite having advantages you mentioned. Tbh still could've been positive ev trades for a while if you add FTX valuation

@chameleon_jeff Why do you think they kept getting picked off? Being too slow? I think I read somewhere their algos were written in Python

@gabagoolcap0 I think they just didn't know how to do HFT. But yeah python wouldn't surprise me :P

@chameleon_jeff taking ux to the next level 🫡