Alameda Research
Alameda Research was a cryptocurrency trading firm, co-founded in September 2017 by Sam Bankman-Fried and Tara Mac Aulay.
| Company type | Private |
|---|---|
| Industry | Quantitative trading, proprietary trading |
| Founded | November 2017 |
| Founders |
|
| Fate | Filed for Chapter 11 bankruptcy in November 2022 |
| Headquarters | |
Key people | Caroline Ellison (CEO) |
| Website | alameda-research |
In November 2022, FTX, Alameda's sister cryptocurrency exchange, experienced a solvency crisis, and both FTX and Alameda filed for Chapter 11 bankruptcy. That same month, anonymous sources told The Wall Street Journal that FTX had lent more than half of its customers' funds to Alameda, which was explicitly forbidden by FTX's terms-of-service. On 12 November 2022, The Wall Street Journal reported that anonymous sources had said that Alameda CEO Caroline Ellison said that she, Bankman-Fried, and other senior FTX officials were aware of that decision.
In December 2022, then Alameda CEO Caroline Ellison pleaded guilty to two counts of wire fraud and five conspiracy counts involving wire, securities and commodities fraud and money laundering, in relation to her activities at Alameda Research and FTX.