Former Alameda Research Employee Shares Allegations Regarding FTX Collapse
Aditya Baradwaj, a former employee of Alameda Research, took to social media to share his experience working for FTX and shed light on the tumultuous months following the collapse of the company. Baradwaj alleges that his entire life savings were stolen by his former boss, Sam Bankman-Fried. Here are the key points from his account:
- Baradwaj describes Alameda Research as a small and mysterious crypto trading firm with close ties to FTX.
- He recalls his first encounter with SBF, where he found him immersed in a game of League of Legends while on a call.
- Contrary to public perception, Baradwaj claims that FTX and Alameda were not separate entities but closely intertwined.
- One of the shocking revelations is SBF’s plan to relocate the company to The Bahamas, claiming FTX’s revenue amounted to over 10% of the country’s GDP.
- Baradwaj highlights issues within the company, including careless risk management, technical debt, and wasteful spending.
Hot Take
Baradwaj’s allegations provide insight into the troubled world behind FTX and Alameda Research. The revelations raise questions about the integrity and management of the companies. With SBF already facing legal troubles, it remains to be seen how these allegations will impact the future of FTX.
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