Alameda Research
Alameda Research was a quantitative cryptocurrency trading firm founded by Sam Bankman-Fried (SBF) in 2017. It operated as the sister company to FTX exchange — a relationship that became the central conflict in FTX's November 2022 collapse, when Alameda's leaked balance sheet revealed that the firm's assets were heavily composed of FTT (FTX's own token), exposing the circular dependency between the two entities.
The collapse wiped out billions in customer funds and resulted in SBF's arrest and conviction for fraud and conspiracy.
Alameda's leaked balance sheet in October 2022 included $7.3M in TRUMPLOSE tokens — on-chain evidence that linked the firm to GCR's OTC political prediction market bet on Trump winning the 2024 election.