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Understanding the Collapse of Sam Bankman-Fried's Crypto Empire
Odd Lots
Are FTX Profitable?
A large portion of user assets ended up going to Sam Bankman-Freeon's trading firm, which was Alameda Research. They were doing a number of different things with the funds. We know that they were investing in a lot of different venture opportunities and never seemed to work out. So it's actually very questionable if they were ever really making money or not.
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