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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 ]
‘It might be time for Alameda Research to shut down’ According to Wang, FTX’s inner circle of Bankman-Fried, Wang, Singh, and Alameda CEO Caroline Ellison were aware of the grave problem ...
On 11 November, FTX, FTX US, Alameda Research, and more than 100 affiliates filed for bankruptcy in Delaware. [ 73 ] [ 71 ] [ 74 ] Anonymous sources cited by the New York Times said that the exchange owes as much as $8 billion. [ 71 ]
FTX’s collapsed came after crypto news and data site CoinDesk in November 2022 published an article citing what it said was a balance sheet for Alameda Research showing much of its assets were ...
Caroline Ellison (born November 1994) is an American business executive who 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] Ellison was terminated from her position after FTX and Alameda filed for bankruptcy. [7]
Caroline Ellison, former CEO of Alameda Research and FTX executie, leaves court in New York, New York, on Thursday, Oct. 12, 2023. / Credit: Stephanie Keith/Bloomberg via Getty Images
FTX’s collapsed came after crypto news and data site CoinDesk in November 2022 published an article citing what it said was a balance sheet for Alameda Research showing much of its assets were ...
On November 11, 2022, FTX, Alameda Research, and more than 130 associated legal entities declared bankruptcy. [86] Anonymous sources cited by Reuters stated that, earlier in 2022, Bankman-Fried had transferred at least $4 billion from FTX to Alameda Research without any disclosure to the companies' insiders or the public.