alameda posts

• On SBF & FTX

  By chovy 4 months ago

  Sam Bankman-Fried was in control of FTX, Alameda, and many other entities. He moved customer funds from FTX to Alameda and possibly to himself. It was likely one of the largest misappropriations of customer funds in history. SBF allegedly built a custom-made accounting system to hide the missing assets.

• Serum exchange rendered 'defunct' following the collapse of Alameda and FTX

  By chovy 4 months ago

  Serum has notified its community that it is now defunct. The community has already forked the project. OpenBook now has over $1 million in daily volume. Serum's volume and liquidity dropped to near zero after the launch of OpenBook. Many users felt like OpenBook was the safer option after Serum was compromised in the FTX hack.

• Alameda Research 2018 pitch deck had the signs of a classic Ponzi

  By chovy 4 months ago

  ...more to come as I research this...