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Alameda Research was a cryptocurrency trading firm, co-founded in September 2017 by Sam Bankman-Fried and Tara MacAulay. [ 2 ] [ 3 ] In November 2022, FTX , Alameda's sister cryptocurrency exchange, experienced a solvency crisis, and both FTX and Alameda filed for Chapter 11 bankruptcy . [ 4 ]
Caroline Ellison (born November 1994) is an American business executive and convicted felon. Ellison was convicted of fraud in 2023 in relation to the bankruptcy of FTX.She was the CEO of Alameda Research, a trading firm affiliated with the FTX and founded by Sam Bankman-Fried. [6]
[22] [19] Alameda was once the largest trader on FTX, bringing liquidity to the exchange. [22] Between 1 June 2022 and 22 July 2022, Alameda's known wallets were the largest stablecoin depositors and sources of liquidity to all of FTX's known wallet addresses, accounting for 10% of Tether transfers and 30% of USD Coin transfers on the exchange ...
The once-hailed ‘boy wonder’ of the crypto industry rose to prominence after founding trading firm Alameda Research in 2017 at the age of 25. So what went wrong? Bevan Hurley looks back at ...
While Bankman-Fried initially intended for Alameda’s borrowing to come from trading revenue generated by FTX, Wang said the trading firm dipped into FTX customer coffers by late 2019 or early ...
He joined Alameda Research in March 2019, and officially became the co-CEO in October 2021 along with Caroline Ellison. [4] The following August, Trabucco stepped down from the role and Caroline Ellison became the sole CEO of the firm. [6] [7] [8] Alameda Research purchased a 52-foot yacht for Trabucco, who named it Soak My Deck. [9]
Moran said that no employee, apart from McCaffrey, knew about the loans from Alameda Research. [3] In March 2023, Larry Cermak [6] became CEO and the company laid off a third of its staff. [7] In November 2023, The Block sold more than an 80% stake to Singapore-based Foresight Ventures in a $56 million deal at a $70 million valuation. [8]
FTX Trading Ltd., trading as FTX (Futures Exchange), [5] is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund. [6] [7] The exchange was founded in 2019 by Sam Bankman-Fried and Gary Wang and collapsed in 2022 after massive fraud perpetrated by Bankman-Fried and his partner Caroline Ellison forced the company to file for Chapter 11 bankruptcy.