Former Alameda Research engineer Aditya Baradwaj says one trader lost more than $100 million after clicking on a fake link. FTX’s sister hedge fund, Alameda Research, lost at least $190 million of its trading funds due to arguably avoidable scams, according to a former engineer at the firm. In an Oct. 12 post to X…
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A US bankruptcy judge, in order to resolve the legal battle over a significant $284 million claim by bankrupt crypto hedge fund Three Arrows Capital (3AC) against crypto lender BlockFi, has ordered them to enter mediation…. Read More: Federal Judge Orders Mediation for BlockFi and Three Arrows Capital Dispute Over $284 Million Payments Read more…
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Former FTX CEO Sam Bankman-Fried was once “freaking out about” getting regulators to crack down on Binance and raising capital from a Saudi Crown Prince, according to Alameda former CEO Caroline Ellison. Weeks and months before the collapse of crypto exchange FTX, former CEO Sam Bankman-Fried was “freaking out” about Alameda, buying shares in Snapchat, raising…
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FTX’s former CEO, Sam Bankman-Fried (SBF), allegedly guided staff to inappropriately utilize FTX client resources and hide financial vulnerabilities from various lenders, revealed former Alameda Research CEO Caroline Ellison during Wednesday’s hearing in SBF’s ongoing fraud case. Caroline Ellison Testimony Day 2 The saga continued on its sixth day with ex-Alameda chief, Caroline Ellison, sharing…
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In a riveting development, Caroline Ellison’s recent testimony revealed that Alameda Research is believed to have shelled out a whopping $150 million to Chinese officials to unlock accounts valued over $1 billion. The narrative thickens as the former co-CEO, Sam Trabucco, has seemingly vanished from public view after FTX’s downfall. FTX’s Downfall, Alameda’s Bribery Allegations,…
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Bitcoin slipped to a ten-day low in today’s session, as the trial of Sam Bankman-Fried (SBF) continues. Caroline Ellison, the former CEO of Alameda Research, alleged that she committed fraud at the behest of SBF. Markets also declined ahead of the upcoming U.S. Producer Price Index, which is a key gauge of inflation. Bitcoin Bitcoin…
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The cryptocurrency industry has been grappling with major challenges, including the collapse of FTX, fraud allegations, and the fall of some other high-profile companies. This has created a need for legal and compliance professionals in the crypto sector, particularly due to the growing regulatory scrutiny and the industry’s tarnished reputation…. Read More: Rebuilding Reputation: Crypto Industry…
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Former FTX boss Sam Bankman-Fried had written a draft Twitter thread to announce the possible closure of his hedge fund Alameda Research. The thread, which was drafted in September 2022, reveals that Bankman-Fried considered announcing the closure of Alameda Research, the trading firm he co-founded, just two months before the collapse of FTX…. Read More: Sam Bankman-Fried Wrote a Draft…
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In bombshell testimony on Tuesday, Caroline Ellison, former CEO of Alameda Research, accused Sam Bankman-Fried of directing her and others to commit fraud under his leadership at FTX and Alameda. Taking the stand in a red dress, Ellison stated “Alameda took several billions of dollars from FTX customers and used it for investments.” Caroline Ellison…
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Reports have suggested the former CEO of Alameda Research and SBF had largely been out of contact following the collapse of FTX in November 2022. Former FTX CEO Sam “SBF” Bankman-Fried watched from the defense table as his former business associate and girlfriend, Caroline Ellison, testified at his criminal trial. According to reports from the…
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