So, 3AC owes Voyager a few 100m, went bust. FTX/Alameda gives 3AC $100m, but didn’t save it.
Alameda invests in Voyager, then takes a $377 million loan from Voyager... ok...
V went bust. FTX didn't “bail them out” or return the money?
hard to follow?
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Pro-tip: if there's a long-established tradition of people debating A vs B based on deep arguments touching on math, economics and moral philosophy, and you come along saying "B is dumb because of a one-line technicality involving definitions", you're probably wrong.