Search results
Results from the WOW.Com Content Network
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 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]
On one hand, as the CEO of Alameda Research, Ellison was a participant in one of the biggest fraud schemes in history. But Kaplan weighed detailed filings from prosecutors and her lawyers, which ...
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.
Ellison, who ran Alameda Research, agreed to a plea deal in December 2022, a month after FTX spiraled into bankruptcy. Unlike Bankman-Fried, ...
‘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 ...
Alameda Research suffered a series of losses in May and June 2022, which anonymous sources told the Wall Street Journal resulted in FTX lending the trading firm more than half of its customer funds, a decision that the sources said FTX CEO Sam Bankman-Fried described as a "poor judgment call".
The former co-CEO of Alameda Research took steps to distance himself from the firm by saying in August he had not acted as chief executive for months prior to announcing his departure