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I’m slightly curious if Sam had a personal relationship with someone at alameda? He took a pretty straightforward way to make money (charge fees running an exch
by onphonenow 4y ago
I’m slightly curious if Sam had a personal relationship with someone at alameda? He took a pretty straightforward way to make money (charge fees running an exchange) and then looks to have dumped money into an absolute black whole of illiquidity and stupidity at alameda which was run by Caroline ? Even if alameda was making smart seed round investments- the liquidity horizons make no sense for an exchange to be part of that!
I can imagine alameda being burnt by 3ac - just wrap things up there if needed?
- mkl 4y agoThat seems to be known: "Alameda CEO Caroline Ellison, whose firm played a central role in the company’s collapse – and who, at times, has dated Bankman-Fried" - https://fortune.com/2022/11/11/sam-bankman-fried-crypto-empire-ftx-alameda-run-gang-kids-bahamas-who-all-dated-each-other/ https://fortune.com/2022/11/11/sam-bankman-fried-crypto-empi...
- cplusplusfellow 4y agoHe lived with the CEO of Alameda and is said to be in a polyamorous relationship with her. He’s also co-CEO.
- onphonenow 4y agoYowk! Well - that might explain some of the craziness!