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The Wall Street Journal, citing anonymous sources, reported that Alameda Research suffered a series of losses in May and June 2022 which were covered by FTX lending the trading firm more than half of its customer's funds; FTX CEO Sam Bankman-Fried reportedly described this as a poor judgment call.
On 12 November 2022, the Wall Street Journal reported that anonymous sources had said that Alameda CEO Caroline Ellison said that she, Bankman-Fried, Gary Wang, and Nishad Singh were aware of that decision. [28] The same was reported in the New York Times on 14 November 2022. [29] FTX used software to conceal the misuse of customer funds. [23] [24]
[41] [42] According to anonymous sources cited by The Wall Street Journal and The New York Times, Ellison was in a video meeting with employees on 9 November 2022; she admitted there that FTX had used customer money to help Alameda meet its liabilities and that she, Bankman-Fried, and two other FTX executives, Nishad Singh and Gary Wang, were ...
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.
Alameda City Hall is a historic city hall civic building in Alameda, California. [ 2 ] [ 3 ] The building has been continually used since it was first built in 1895. [ 2 ] It has a historical marker erected in 1998 by the Native Sons of the Golden West ; [ 4 ] and is listed as one of the National Register of Historic Places since 1980.
The Park Street Historic Commercial District, also known as Park Street District, is the downtown neighborhood in Alameda, California.It is on the east side of the island of Alameda, near the Fruitvale Bridge and across the water and from Jingletown in Oakland, California; and is roughly bounded by Oak Street, Park Avenue, Lincoln Avenue, and Encinal Avenue.
The Pacific Pinball Museum is a Board Managed and certified 501 C(3) [1] nonprofit interactive museum/arcade offering a chronological and historical selection of rare bagatelles and early pinball games in addition to over 100 playable pinball machines ranging in era from the 1940s to present day located on Webster Street in Alameda, California.
The first brick and mortar retail store was opened in 2011 in San Mateo, followed by Palo Alto, San Francisco, San Jose, Oakland and Alameda. [4] Curry Up Now is a fast-casual Indian street food chain; their signature popular dishes are the tikka masala burritos and the naughty naan. Their centralized kitchen is located in the San Francisco Bay ...