Scam Bankrun Fraud: The Collapse Of A Crypto Empire
teamrocket.substack.com
(All views expressed below are the personal views of the author. We do know that a lot of the information is unconfirmed, but we are solely forming and sharing our opinions based on data and information that is publicly available) On August 24th, news broke that Sam Trabucco stepped down as Co-CEO of Alameda Research. One month later, Brett Harrison announces his decision to step down from his role of President at FTX US. Coincidence? Well, maybe, but we had an inkling that something was happening behind the scenes at FTX and decided to withdraw our funds from the exchange. After witnessing what happened to Three Arrows Capital back in June, we were not willing to take any chances with our funds; the bear market had robbed us enough. Fast forward to 3 months after Trabucco’s departure, Sam Bankman-Fried’s empire collapses. On Friday November 11th, FTX, FTX US, and Alameda Research filed for Chapter 11 Bankruptcy. FTX went from being a top 3 centralized exchange that did $21 billion trading volume and generated $1 billion in revenue (
Scam Bankrun Fraud: The Collapse Of A Crypto Empire
Scam Bankrun Fraud: The Collapse Of A Crypto…
Scam Bankrun Fraud: The Collapse Of A Crypto Empire
(All views expressed below are the personal views of the author. We do know that a lot of the information is unconfirmed, but we are solely forming and sharing our opinions based on data and information that is publicly available) On August 24th, news broke that Sam Trabucco stepped down as Co-CEO of Alameda Research. One month later, Brett Harrison announces his decision to step down from his role of President at FTX US. Coincidence? Well, maybe, but we had an inkling that something was happening behind the scenes at FTX and decided to withdraw our funds from the exchange. After witnessing what happened to Three Arrows Capital back in June, we were not willing to take any chances with our funds; the bear market had robbed us enough. Fast forward to 3 months after Trabucco’s departure, Sam Bankman-Fried’s empire collapses. On Friday November 11th, FTX, FTX US, and Alameda Research filed for Chapter 11 Bankruptcy. FTX went from being a top 3 centralized exchange that did $21 billion trading volume and generated $1 billion in revenue (