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The post <a rel="nofollow" href="https://coinpedia.org/news/sam-bankman-frieds-secret-plan-to-close-alameda-research-unveiled-in-court/">Sam Bankman-Fried’s Secret Plan to Shut Down Alameda Research Revealed</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
In a surprising twist, some unpublished posts from an ongoing court case have revealed that <a href="https://coinpedia.org/crypto-live-news/bankman-frieds-lawyers-seek-to-present-evidence/">Sam Bankman-Fried</a>, the founder of Alameda Research and the FTX crypto exchange, considered shutting down Alameda Research in 2022. 
This news is part of a bigger discussion about the ethics and transparency of Bankman-Fried’s double role in Alameda and FTX. 
<h2 class="wp-block-heading" id="exposing-the-fud">Exposing the “FUD”</h2> 
The revealed posts talk about something called “FUD,” which stands for Fear, Uncertainty, and Doubt. This FUD was causing problems in Alameda’s relationship with <a href="https://coinpedia.org/news/sam-bankman-fried-trial-ftx-bug-inflates-alamedas-debt-by-8b-ftxs-risk-measures-contradict-sbfs-margin-claims/">FTX</a>. Bankman-Fried explained, “For the past few years, the constant FUD about Alameda’s connection to FTX has become too much of a problem, making us wonder if we should keep going.” According to him, FTX’s rivals were mainly responsible for spreading this FUD. 
Bankman-Fried had a grand vision for Alameda as an investment firm and infrastructure developer, distancing it from its trading activities. “Alameda will continue not to do nefarious trading activity on FTX because it won’t do any trades on FTX. Or anywhere else,” he elaborated in the posts. This statement comes after widespread rumors—now partially corroborated—that Alameda was trading against FTX clients and unfairly leveraging its position for gains. 
Read Now: <a href="https://coinpedia.org/news/sam-bankman-fried-was-almost-50-sure-of-getting-zero-jail-time-says-crypto-influencer/">Sam Bankman-Fried Was Almost 50% Sure Of Getting ‘Zero Jail Time’&nbsp;– Says Crypto Influencer.</a> 
Manipulating the Numbers 
Things got more dramatic when <a href="https://coinpedia.org/news/caroline-ellison-accuses-ex-boyfriend-sam-bankman-fried-of-directing-her-to-commit-fraud-against-ftx-users/">Caroline Ellison</a>, a co-founder of Alameda, said that the company deliberately changed its financial records to appear less risky to investors. This change involved borrowing billions from FTX customer funds under Bankman-Fried’s instructions. The bombshell came when it was revealed that FTT, FTX’s native token, made up a big part of Alameda’s financial records, making us doubt the real value of their investments. 
<h2 class="wp-block-heading" id="strong-behind-the-tweets-strong">Behind the Tweets</h2> 
<a href="https://x.com/aditya_baradwaj/status/1711779537867198534?s=20">Aditya Baradwaj,</a> a former engineer at Alameda Research, tweeted about this whole situation. Bankman-Fried talked about Alameda’s ups and downs and its role in the crypto world, including helping out Sushiswap during tough times. 
Bankman-Fried, in the same thread, candidly discussed some of the company’s failures and successes and acknowledged the difficulty of maintaining a clean public image amid rampant speculation and competitive tactics from rivals. 
<h2 class="wp-block-heading" id="h-the-end-of-an-era-or-just-a-new-beginning">The End of an Era, or Just a New Beginning?</h2> 
The thread ended somewhat somberly: “<a href="https://coinpedia.org/crypto-live-news/sbf-to-cross-examine-gary-wang-on-300m-alameda-loans/">Alameda Research</a> is dead. Long live FTX.” His final remarks hint at a shift in focus toward FTX as Alameda ceases to be a general exchange liquidity provider. 
This revelation by Bankman-Fried might be a big moment in the history of crypto trading companies and exchanges. It raises important questions about how these companies follow ethics, especially when one person is in charge of multiple organizations. This news is shaking up the crypto world, and it’ll keep everyone’s attention for a while.

Sam Bankman-Fried’s Secret Plan to Shut Down Alameda Research Revealed

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