How Alameda Research lost nearly $200M to security breaches
A former engineer at Alameda revealed that Sam Bankman-Fried (SBF) prioritized rapid company expansion over crucial risk management protocols.

Track FTX news, including bankruptcy updates, creditor repayments, court rulings, asset recovery, and the lasting impact of the collapse.
Ellison made further ground-breaking revelations about SBF's ambitions and what really happened behind the scenes before FTX collapsed on the second day of her testimony.
The former Alameda Research CEO has pleaded guilty to charges brought against her and was expected to be a star witness against the disgraced crypto mogul.
SBF said Alameda's association with FTX had generated too much FUD that failed to justify its existence.
According to Ellison, SBF had instructed her to divert billions of dollars from FTX customer funds, which Alameda used for failed investments and to pay off its debt.
Caroline Ellison, formerly the CEO of Alameda Research, took the stand in the criminal case of ex-FTX CEO Sam Bankman-Fried on Oct. 10.
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