🚨BREAKING🚨: Alameda Research, a #DeFi trading firm, was on the brink of collapse😱, but employees only found out from ex-CEO Caroline Ellison's confession🤯! Aditya Baradwaj, a former engineer, said it seemed like business as usual until the end🤷♂️.
Alameda, founded by Sam Bankman-Fried, Ellison, and Sam Trabucco, had blurry divisions with sister company FTX🔍. CoinDesk reported Alameda's balance sheet was mostly FTX's FTT exchange token💰. This led to the collapse of both companies & criminal charges against Bankman-Fried👮♂️.
Baradwaj revealed Alameda's poor security practices🔓 & lack of checks and balances🚫, which caused a "fat finger" trade in 2021, temporarily dipping #Bitcoin's price by 87%😂.
What do you think about this shocking revelation🤔? Share your thoughts in the comments👇! #Web3 #CryptoNews
Alameda, founded by Sam Bankman-Fried, Ellison, and Sam Trabucco, had blurry divisions with sister company FTX🔍. CoinDesk reported Alameda's balance sheet was mostly FTX's FTT exchange token💰. This led to the collapse of both companies & criminal charges against Bankman-Fried👮♂️.
Baradwaj revealed Alameda's poor security practices🔓 & lack of checks and balances🚫, which caused a "fat finger" trade in 2021, temporarily dipping #Bitcoin's price by 87%😂.
What do you think about this shocking revelation🤔? Share your thoughts in the comments👇! #Web3 #CryptoNews