Embattled FTX founder Sam Bankman-Fried (SBF) wanted to close down his other company, Alameda Research, according to an unpublished post revealed at his ongoing fraud trial.
In the extensive post shared on X by a former Alameda employee, SBF described Alameda as one of his “largest successes–and then, briefly, largest failures–and then again successes.” However, the disgraced founder wanted to shut the company because the FUD its relationship with FTX generated was “too much of a burden to justify its existence.”
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