FTX frontman Sam Bankman-Fried and Alameda CEO Caroline Ellison have been listed among traders with the top trading losses worldwide on Wikipedia.
, 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 as well from credit default swaps. This year, the Chinese firm Tsingshan Holding Group tried to short the commodity nickel and lost $8 billion from the bad bets.
Interestingly, the Wikipedia editors detail that the funds associated with Bernie Madoff’s Ponzi scheme were not included. Madoff’s scheme reached around the $50 billion range, similar to FTX, but Wikipedia editors say “Madoff did not lose most of this money in trading.” In recent times, a few people have
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