Is Alameda unauditable?

Former CEO Sam Bankman-Fried, now under house arrest and facing a litany of criminal charges, described Alameda in internal communications as "hilariously beyond any threshold of any auditor being able to even get partially through an audit," according to the report. He went on: "Alameda is unauditable.

Did Bankman-fried allow Alameda to carry a negative balance?

The feature allegedly allowed Alameda, a sister trading company which Bankman-Fried also controlled, to withdraw consumer funds and carry a negative balance of up to $65 billion. (Ordinary customers of the exchange weren’t allowed to go negative.)

Is FTX affiliate Alameda research 'unauditable'?

Sam Bankman-Fried declared FTX affiliate Alameda Research to be "unauditable" and joked about sometimes losing track of $50 million worth of assets, according to a report issued by FTX's new CEO.

Why did Adam Yedidia resign from Bankman-fried's?

That cost him more than $100,000. The next witness was Adam Yedidia, a college classmate of Bankman-Fried’s who worked at FTX. Yedidia testified that he resigned when he learned that customer money had gone to pay creditors at Alameda.