Maybe, but it might be worth following the money a bit further (especially on the later transactions). Was the money at Alameda really just lost on bad trades, or which accounts did it end up in eventually?

I read somewhere else that the portfolio of Alameda contained over 400 companies that looked like little more than a Twitter profile with a handful of followers. It's not hard to imagine that the people behind those 'firms' were the same or related to those who are now saying 'whoopsies, they looked like such good trades back then, my bad'.

I think it's less bad trades and more like a few frivolous purchases and a lot of losses from using alameda to market make on FTX, i.e. when crypto prices fell, they were using alameda to bail out margin loans they had made out