Insiders Express The Cause Of FTX And Alameda Research Bangkrut

Former insider Alameda Research leaked the cause of the crypto company bankruptcy. (Photo; Doc. CoinKolik)

JAKARTA - The confession of former CEO of Alameda Research, Caroline Ellison, has opened the veil of the truth behind the destruction that threatens trading company Alameda. In a recent interview with former Alameda engineer Aditya Baradwaj, it was revealed that the company was on the verge of collapse.

According to Baradwaj, the situation seems to be "business as usual" to the last days, which is full of busy trading activities. The surprising truth only came to light on the last day when Caroline Ellison confessed to what really happened inside the company.

This admission is finally the beginning of the fall of Alameda and FTX, with founder Sam Bankman-Fried currently facing trial on charges of fraud and conspiracy. The trial began on Wednesday.

Dalam perkembangan mengejutkan, dalam persidangan tersebut, Bankman-Fried sekarang memiliki kesempatan terakhir untuk menyampaikan sisi ceritanya. Jaksa membantu bahwa Bankman-Fried memungkinkan Alameda meminjam sebesar uang dari FTX dan mengalihkan dana tersebut ke berbagai proyek, termasuk memberikan pinjaman besar kepada para eksekutif FTX dengan menggunakan dana nasabah, yang kemudian digunakan untuk donasi politik.

Federal prosecutors argue that Bankman-Fried used FTX as a means to embezzle billions of dollars in customer funds. He is also suspected of being involved in speculative trading in Alameda Research, investing in real estate in the Bahamas, and supporting altruism movements believed to be linked to his business.

This case is the latest spotlight in the crypto world, showing the complexity and challenges associated with trading activities and fund management in the crypto industry.