According to Foresight News, Michael Lewis said in his new book about SBF "Going Infinite" that since the establishment of Alameda Research in 2017, the 26-year-old SBF has raised nearly 170 million US dollars in funds from the "effective altruism | community. SBF will Funds invested in the cryptocurrency market lost millions of dollars in the first few months, losing more than $500,000 a day in one month, while some trading funds "simply disappeared" due to poor fund management.

In addition, SBF used a bot called Modelbot to trade nearly 500 tokens on about 30 exchanges, but the program did not differentiate between highly liquid cryptocurrencies such as Bitcoin and Ethereum and memes with sparse trading volumes. Coin, caused concern among early employees of Alameda, and things did not start to improve until Gary Wang and Nishad Singh joined the company. Wang is said to have programmed a quantitative trading system that eventually began to make money for Alameda, while Singh integrated various parts to manage the company.