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Sam Bankman-Fried’s Alameda Research troubles predate FTX: Report

Summary by Ground News
Alameda Research, the now-bankrupt crypto trading firm, almost collapsed in 2018, even before FTX was in the picture. A report published in The Wall Street Journal citing former employees revealed that Alameda incurred heavy losses from its trading algorithm. Bankman-Fried reportedly managed to rescue the trading firm by raising funds from lenders and investors.
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Cointelegraph broke the news in on Monday, January 2, 2023.
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