FTX and Alameda Research - The Worst Case of Corporate Failure

J or three describes FTX and Alameda research as plagued with compromised systems integrity, faulty regulatory oversight and a concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals. The filing also describes how FTX gave special treatment to Alameda research who still managed to lose money even when given an advantage in trading against customers. J or three paints a picture of severe mismanagement by Sam and the gang, which is truly amazing considering that they raised billions of dollars from some of the largest VC investors in the world.