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Did Alameda research's Sam Bankman-fried dismiss ideas for internal safeguards?

Former employees of Alameda Research had concerns early on about Sam Bankman-Fried's cavalier leadership style and say that he dismissed their ideas for setting up more internal safeguards, according to a Wednesday Wall Street Journal report.

Did Bankman-fried borrow $546m from Alameda?

According to documents filed by Bankman-Fried with the Eastern Caribbean Supreme Court, he and Gary Wang, co-founder of the FTX crypto exchange with Bankman-Fried, borrowed $546m from Alameda. This was used to capitalise a Bankman-Fried holding company, Emergent Fidelity Technologies, that acquired just over 56.2 million shares in HOOD.

Did Sam Bankman-fried commit fraud?

Alexander Saeedy Sam Bankman-Fried said that he didn’t intend to commit any fraud or use customer funds to back leveraged bets that went wrong at Alameda Research, a cryptocurrency hedge fund attached to FTX that pushed the exchange to bankruptcy.

What did Yedidia say about Bankman-fried?

Yedidia explained that in the “bulletproof” conversation, he understood Bankman-Fried to be expressing doubt about Alameda’s ability to repay its customers. He also noted that Bankman-Fried had a second apartment in the Albany, which he did not share with roommates.

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