Posted 10/12/2023, 5:38:10 AM
Whistleblower Details Massive Losses at FTX's Sister Firm Alameda from Hacks and Risky Deals
- FTX's sister hedge fund Alameda Research lost $190M+ to hacks and questionable blockchain projects per whistleblower
- Trader lost $100M+ after a phishing attack; firm lost $40M+ yield farming an illegitimate blockchain
- Alameda had major security gaps like storing keys in plaintext files accessible by many
- More incidents happened beyond the ones highlighted, some before whistleblower's time there
- Comments emerge amid FTX founder SBF's ongoing fraud trial featuring damaging testimony
