In these days of witness hearings in the FTX case, gruesome details are coming out about how the company was run. Adding to these are some revelations externalized by some former employees, including one involving multimillion-dollar losses by Alameda Research due to crypto scams.
So in addition to the company’s economic and financial mismanagement, there would be an overdose of naiveté and ignorance.
Crypto scams: the lack of security in FTX and Alameda
The revelation regarding the crypto scam suffered by Alameda Research was published in X by former employee Aditya Baradwaj.
PART 3: THE HACKS
or
How poor security practices at Alameda Research caused the company to lose hundreds of millions of dollars
(1/n) #SBF #FTX pic.twitter.com/RFocE7w3Gx
— Adi (e/acc) (@aditya_baradwaj) October 11, 2023
Baradwaj, who is a software engineer, reports that Alameda Research’s security practices were poor, and resulted in the loss of hundreds of millions of dollars.
According to Bar
We współpracy z: https://en.cryptonomist.ch/2023/10/12/alameda-lost-millions-crypto-fraud/
