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+--- Thread: How FTX’s Sister Firm Brought the Crypto Exchange Down (/Thread-How-FTX%E2%80%99s-Sister-Firm-Brought-the-Crypto-Exchange-Down)
How FTX’s Sister Firm Brought the Crypto Exchange Down - theold - 19-11-2022
Mr. Bankman-Fried co-founded Alameda in Berkeley, Calif. His scrappy team of traders in their 20s worked around the clock, showering in the locker room of the gym of the four-story building where Alameda had its headquarters. He soon moved the firm to Hong Kong, which had been wooing crypto traders and imposed little oversight on the nascent industry.
https://www.nytimes.com/2022/11/18/business/ftx-alameda-ties.html