Embattled FTX founder Sam Bankman-Fried reportedly wanted to shut down his other company, Alameda Research, due to the negative attention it brought to FTX. In an unpublished post shared by a former Alameda employee, Bankman-Fried described the company as both a success and a failure, but ultimately felt that the FUD (fear, uncertainty, and doubt) surrounding its relationship with FTX was too burdensome. Bankman-Fried praised Alameda for its contributions to the digital asset ecosystem, including providing liquidity and support for various crypto projects. However, he blamed unnamed competitors for spreading FUD and criticized their use of confidential customer information to manipulate markets. The ongoing trial has revealed that Bankman-Fried orchestrated the misappropriation of FTX customers’ funds, leading to the bankruptcy of both FTX and Alameda. Bankman-Fried had plans for Alameda to transition into an investment firm and infrastructure developer.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	0
People	Caroline Ellison, Gary Wang, Sam Bankman-Fried
Companies	FTX, Alameda Research, None, Sushiswap, Solana
Currencies	Solana, Suiswap
Securities	None