Asia Broadband Inc (AABB)

[alidare]

“Citadel CEO Ken Griffin has been highly critical of the FTX collapse in recent weeks.

The Wall Street executive has claimed that FTX is ruining trust among young investors in all markets.

However, one executive links Citadel and FTX.”


“Before moving into his position at FTX, Harrison spent two years at Citadel Securities, Griffin’s market-maker company. Here, Harrison took on two roles — as head of exchange-traded fund (ETF) technology and head of semi-systematic technology. In these roles, Harrison would lead Citadel Securities teams in managing quantitative trading strategies and increasing the company’s profits through optimization.

These skills would lend themselves favorably to Harrison as he departed Citadel Securities — right in the middle of its controversial role in the GameStop (NYSE:GME) saga — for a job at FTX.US. Harrison would become the first president of the U.S.-based company, reuniting the executive with Sam Bankman-Fried for the first time since the pair worked at Jane Street together.”

“Similarities Between FTX and Citadel Go Deeper

Harrison is just one common thread linking FTX and Citadel. Indeed, the line between crypto and Wall Street continues to blur. But Citadel CEO Ken Griffin seems to think the FTX saga has accelerated this collision of two worlds even more.…….”

“In sum, Citadel and FTX bear similarities. They are caught up in controversy related to market frenzy, and one executive left his mark on both…….”

“Comedian and political commentator Jon Stewart began speculation on his podcast, where he discussed FTX and immediately called forward the implications for companies like Citadel. “How is [FTX’s business] any different than Ken Griffin running a hedge fund at Citadel and also being the most gigantic market maker that we have?” questioned Stewart. Since these comments, comparisons of Citadel and FTX have run rampant across Twitter.”

https://investorplace.com/2022/12/one-man-connects-ftx-citadel-and-the-crypto-market-crash/