According to Foresight News, Michael Lewis revealed in his new book "Going Infinite" that since the establishment of Alameda Research in 2017, 26-year-old SBF has raised nearly $170 million from the effective altruism community. In the first few months, SBF invested these funds in the cryptocurrency market and lost millions of dollars, with a loss of more than $500,000 a day for one month. SBF used a robot program called Modelbot to trade nearly 500 tokens on about 30 exchanges, but did not distinguish between highly liquid cryptocurrencies and sparsely traded meme coins. Things didn't start to improve until Gary Wang and Nishad Singh joined the company.
