troubles-at-sam-bankman-fried’s-alameda-began-well-before-crypto-crash

Sam Bankman-Fried built the cryptocurrency exchange FTX on the reputation of his trading firm, Alameda Research LLC.

Alameda was applying Wall Street-style wizardry to the crypto world—and outsiders thought it was winning big. But little was known beyond the firm about its trades, which included a lucrative early bet involving bitcoin in Japan. Alameda had no outside investors and didn’t disclose its performance.

Continue reading your article with

a WSJ membership

View Membership Options

Already a member? Sign In

LEAVE A REPLY

Please enter your comment!
Please enter your name here