On Nov. 2, 2022, Ian Allisonโs revealed the weak balance sheets of the FTX-affiliated trading firm Alameda Research, which started both companiesโ undoing. It turned out Alameda, despite SBFโs repeated claims it was absolutely separate of FTX, relied heavily on tokens created by FTX and, more importantly, on its unassuming usersโ money.
CoinDesk Turns 10: 2022 – How Crypto Gods Turn Into Monsters
