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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 ...
FTX cofounder Gary Wang says he took out $200 million to $300 million in loans from Alameda Research for investments he couldn’t ‘recall’ Ben Weiss October 10, 2023 at 2:00 PM
Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, ... Ellison, who ran Alameda Research, agreed to a plea deal in December 2022, ...
FTX's in-house legal and compliance teams had, for the most part, resigned by 10 November. [59] [60] Anonymous sources cited by the Wall Street Journal on 10 November said that Alameda Research owed FTX some $10 billion, as FTX had lent funds placed on the exchange for trading to Alameda so that Alameda could make investments with the money. [61]
Two of Sam Bankman-Fried's top business partners — a co-founder of the cryptocurrency exchange FTX and the former CEO of the hedge fund Alameda Research — have pleaded guilty to fraud, a ...
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]
Alameda did not segregate FTX investor funds and Alameda investments, the SEC said, using that money to “indiscriminately fund its trading operations," as well as other ventures of Bankman-Fried ...