HK FTX Trading Ltd (Futures Exchange) – Page 28

How Alameda, FTX’s Sister Firm, Brought the Crypto Exchange Down

Alameda Research was Sam Bankman-Fried’s first company. He built FTX partly to help Alameda’s trading business. Then things got out of control.

Sam Bankman-Fried’s DMs go public, and Congress announces an investigation. Tech’s nightmare November continues.

What’s the point of reinventing banks, only worse?

“This situation is unprecedented,” said John J. Ray III, who helped manage Enron after its collapse in an accounting fraud scandal in 2001.

The crypto exchange’s collapse is stoking fears of contagion across the industry. Meanwhile, FTX’s founder, Sam Bankman-Fried, is still speaking out.