Alameda Research vertoonde geen tekenen van een ineenstorting

• Baradwaj claimed Bankman-Fried’s relationship with Ellison never spilled into their work at Alameda Research, but both parties stayed professional.
• Ellison is genoemd als een van de voormalige FTX-bestuurders die in de rechtbank zullen getuigen tegen Bankman-Fried.

---

Een voormalige ingenieur van Alameda Research onthulde dat interne waarschuwingssignalen niet de manier waren waarop werknemers van het bedrijf te weten kwamen dat het handelsbedrijf op het punt stond in te storten, maar eerder een bekentenis van voormalig CEO Caroline Ellison.

Aditya Baradwaj explained that “it pretty much seemed like business as usual, right up until the end. The days before the company collapsed, it just seemed like a few really busy days of trading.”

Baradwaj added that employees “had no idea that anything was going on until the very last day, and that’s when Caroline pulled us aside and told us what had been going on behind closed doors.”

Baradwaj merkte verder op dat Alameda Research over slechte beveiligingsprocedures en checks and balances beschikte. Terwijl spreken with Coindesk, the former Alameda Research employee claimed that “Alameda’s poor security and risk checks stood out, especially when you consider that traditional firms would’ve had these measures in place.”

“The environment at both Alameda and FTX was one where huge monetary decisions were made with minimal oversight. While there were many issues, we never expected outright illegal activities,” Baradwaj said in the interview.

Michael Lewis' book – although it adopts far too sympathetic a tone regarding SBF imo – is the single best resource out there for anyone trying to understand what happened with FTX.

In a world of hot takes and Twitter gurus, Lewis' careful chronicling of the FTX saga in first… pic.twitter.com/RQG0r7zd1p

— Adi (e/acc) (@aditya_baradwaj) 4 oktober 2023

Interestingly, author Michael Lewis shared similar stories in his book “Going Infinite: The Rise and Fall of a New Tycoon,” which focuses on the rise and fall of FTX founder Sam Bankman-Fried. Lewis wrote that “FTX had switched off Alameda’s risk limits to make itself more appealing.”

Bankman-Fried and some of his close friends, such as Ellison and Sam Trabucco, founded the Alameda cryptocurrency trading fund. Although Bankman-Fried attempted to separate Alameda from FTX, both companies were intertwined. Several reports discovered that Alameda’s balance sheet included a sizable portion of FTX’s FTT exchange token.

Prosecutors believe FTX founder Bankman-Fried played a role in FTX’s instorten and have charged him with multiple financial crimes. Bankman-Fried’s trial began on Tuesday, October 3, and both sides gave their opening statements on Wednesday.

Bankman-Fried’s attorney argued that the 31-year-old did not steal customers’ funds but instead “acted in good faith and took reasonable business measures.” Bankman-Fried faces decades behind bars if convicted of any wrongdoing.

Laatste nieuws