The post <strong>Sam Bankman-Fried : Alameda Research Is A Separate Entity From FTX</strong> appeared first on Coinpedia Fintech News
Everyday the FTX-Alameda has something new and today Sam Bankman-Fried who is a founder of both FTX and Alameda Research has stated that Alameda is not connected with FTX as it is an independent firm. On the flip side, the corporate filings and other documents are depicting a complete opposite claim.
Last week, Alameda Research’s balance sheet suggests that the firm contained more FTT tokens than any other. Also the reports claim that to boost Alameda Research, FTX used its customers’ funds during the crypto crash in May. Another key finding was that as per Singapore’s corporate filings, Sam Bankman-Fried and other FTX executives had held important positions at Alameda Research.