Alameda verloor $190M door hacks, beweert voormalig ingenieur

• Voormalig Alameda-ingenieur Aditya Baradwaj zei dat het bedrijf bij drie incidenten meer dan $190 verloor.
• Er ging ruim $100 miljoen verloren toen een handelaar per ongeluk op een phishing-link klikte.
• Meer dan $40 miljoen ging verloren toen het bedrijf begon met yield-farming op een nieuwe blockchain waarvan de maker het geld in zijn bezit had.
• Around $50 million was lost when an old version of the firm’s plaintext keys file was leaked.

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Aditya Baradwaj, a former engineer at bankrupt crypto exchange FTX’s sister trading firm, Alameda Research, revealed that the firm lost close to $190 million to hackers in three separate incidents. Interestingly, these incidents were not publicly disclosed, among other things that are gradually coming to light amidst the trail of Sam Bankman-Fried, also known as SBF in the crypto space.

According to Baradwaj, Alameda Research lost $100 million in one incident where a trader clicked on a phishing link. These links are known for draining the wallets of the people clicking them while being disguised as genuine websites. However, the former engineer confirmed that this wasn’t the only time money was drained from SBF’s pockets.

Baradwaj ging naar sociale mediaplatform X (voorheen bekend als Twitter). onthullen that “the trader got phished while trying to complete a DeFi transaction by accidentally clicking a fake link that had been promoted to the top of Google Search results.” As a result, the engineering team had to implement extra checks on Alameda’s internal wallet software.

DEEL 3: DE HACKS

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Hoe slechte beveiligingspraktijken bij Alameda Research ervoor zorgden dat het bedrijf honderden miljoenen dollars verloor

(1/n) 🧵#SBF #FTX pic.twitter.com/RFocE7w3Gx

— Adi (e/acc) (@aditya_baradwaj) 11 oktober 2023

According to the former Alameda engineer, Bankman-Fried “believed that the single most important thing for a startup like Alameda … was being able to move very, very fast, so much so that he decided to ignore engineering and accounting practices that are considered standard at tech companies and financial services firms.”

Baradwaj added that while yielding on a new blockchain with “questionable legitimacy,” the creator of the blockchain held the funds belonging to Alameda hostage, costing the trading firm more than $40 million. Lastly, the engineer confirmed that an old version of the firm’s plaintext keys file was leaked, likely by a former employee. The attacker transferred funds out of some exchanges and placed bad orders, costing the firm more than $50 million. 

The former employee stated that “even after all these incidents, no serious attempt was made to change the way we operated.”

Zoals eerder gemeld door Bitnation, was SBF van plan dit te doen kapitaal aantrekken via een investering van de Saoedische kroonprins, Mohammed bin Salman, according to the prosecutor’s key witness, Caroline Ellison. She added that despite her role as CEO of Alameda, SBF was actively managing both the company and FTX.

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