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02-01-2023, 09:34 AM
Sam Bankman-Fried promised big returns when seeking emergency cash in 2018, a report said.
Alameda Research was struggling due to a failing algorithm, per The Wall Street Journal.
The outlet said that Bankman-Fried's troubles long predated FTX and Alameda collapsing in 2022.
NOTE.:
Was the world's 6 biggest SWF, Temasek attracted?
Alameda Research was struggling due to a failing algorithm, per The Wall Street Journal.
The outlet said that Bankman-Fried's troubles long predated FTX and Alameda collapsing in 2022.
- FTX cofounder Sam Bankman-Fried promised potential lenders returns of up to 20% as he sought to save his crypto empire from an earlier crisis in 2018, a report said
NOTE.:
Was the world's 6 biggest SWF, Temasek attracted?
