The fraud was a feature, not a bug. SBF knew about it because he was its chief architect and decision maker from the getgo. - cryptocurrency sbf
: Jorge G. Tenreiro, David L. Hirsch , Ladan F. Stewart, Amy Harman Burkart, David J. D'Addio - Attorneys for the PlaintiffBankman-Fried, Actively Supported by Defendants, Created a Complex Web of Entities, with FTX and Alameda at Its Center.
22. Ellison was a trader at Alameda during the time Bankman-Fried acted as CEO. When Ellison became co-CEO in 2021, and continuing through November 2022, Ellison was responsible for Alameda’s day-to-day operations. FTX offered an off-platform portal that enabled customers to connect and request quotes for spot crypto assets and to conduct trades.Bankman-Fried was the ultimate decision maker at FTX from the platform’s inception in or around May 2019 until he resigned as CEO on or about November 11, 2022 .
28. This interconnected web of companies grew to include over 100 separate entities, with Bankman-Fried at the top and Alameda, his crypto hedge fund, at the center. approximately $1 billion from the sale of shares of FTX Series B preferred stock, with fundraising completed in or around July 2021;
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SBF owned 90% of Alameda. He WAS Alameda's main decision maker. | HackerNoonIn short, just replace 'SBF' with Alameda every time you read a court filing that mentions Alameda. - cryptocurrency sbf
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