The revelations surrounding FTX’s downfall continue with full force. Now, according to the most recent court filings, Alameda Research – SBF’s trading firm, had some privileges.
The trading firm of Sam Bankman-Fried, Alameda Research, was secretly exempted from some aspects of the auto-liquidation protocol of FTX.
It’s worth noting that SBF was also the acting CEO and founder of FTX.
This is just a drop in the stream of information that was made public through the recent court filings.
Meanwhile, the current CEO of the exchange, John J. Ray III, said:
Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.
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