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Alameda Secretly Exempted from FTX’s Auto-Liquidation Engine: Court Filing

Summary:
The revelations surrounding FTX’s downfall continue with full force. Now, according to the most recent court filings, Alameda Research – SBF’s trading firm, had some privileges. The trading firm of Sam Bankman-Fried, Alameda Research, was secretly exempted from some aspects of the auto-liquidation protocol of FTX. It’s worth noting that SBF was also the acting CEO and founder of FTX. This is just a drop in the stream of information that was made public through the recent court filings. Meanwhile, the current CEO of the exchange, John J. Ray III, said: Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. You Might Also Like:

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The revelations surrounding FTX’s downfall continue with full force. Now, according to the most recent court filings, Alameda Research – SBF’s trading firm, had some privileges.

  • The trading firm of Sam Bankman-Fried, Alameda Research, was secretly exempted from some aspects of the auto-liquidation protocol of FTX.
  • It’s worth noting that SBF was also the acting CEO and founder of FTX.
  • This is just a drop in the stream of information that was made public through the recent court filings.
  • Meanwhile, the current CEO of the exchange, John J. Ray III, said:

Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.

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