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Published 1 year ago

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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CointelegraphCointelegraph

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

SBF had claimed that the operations of FTX and Alameda were independent, but the recent lawsuit has revealed that both firms worked in conjecture from day one.

1 year ago
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Bitcoin.comBitcoin.com

Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018 – Bitcoin News

Alameda’s market maker glory days may have been a facade as a recent report details that it suffered from financial troubles as early as 2018.

1 year ago
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The NFT UnicornThe NFT Unicorn

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

New reports into Sam Bankman-Fried and his collapsed exchanges revealed that 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. The algorithm was designed to […]

1 year ago
Read Full Article
Crypto NewsCrypto News

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

SBF had claimed that the operations of FTX and Alameda were independent, but the recent...

1 year ago
Read Full Article
DropTownDropTown

Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018 – Bitcoin News

Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018 – Bitcoin News Source link

1 year ago
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crypto-posts.comcrypto-posts.com

Sam Bankman-Fried's Alameda Research problems precede FTX: Report - CryptoPosts

New reports on Sam Bankman-Fried and his collapsed exchange suggest that now-bankrupt crypto trading firm Alameda Research nearly collapsed in 2018, even before FTX was still around. A report published by the Wall Street Journal mentioned that previous staff revealed that Alameda's trading algorithm suffered significant losses. The algorithm was…

1 year ago
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