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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 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]
In 2019, Bankman-Fried had the idea of starting a cryptocurrency exchange to help bring in revenue to fund Alameda's activities and founded FTX. [19] Bankman-Fried was the CEO of both companies until he formally stepped down from his position at Alameda in October 2021, promoting traders Caroline Ellison and Sam Trabucco to co-CEOs. [20]
Alameda and FTX had a closer relationship than most market makers and exchanges. They both were founded by Bankman-Fried and Wang, and Bankman-Fried implemented the strategy for both, according to ...
Gary Wang (born c. 1993) [1] is an American computer programmer who co-founded the crypto currency exchange FTX with Sam Bankman-Fried.At the height of his success in 2022, Wang was ranked the 227th richest American in the Forbes 400, and the 431st richest person in the world by The World's Billionaires. [3]
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]
Juan Brito López was in his mid-20s when soldiers rushed into his home in the village of Pexla, nestled in Guatemala’s western highlands. He escaped, hiding in the wilderness, but could not ...
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]