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<ul><li>Alameda Research faced losses exceeding $190 million due to avoidable scams.</li><li>Former Alameda engineer, Aditya Baradwaj, exposed major security lapses, including a $100 million loss from a malicious link.</li><li>Caroline Ellison revealed Alameda&#39;s use of $14 billion from FTX funds and third-party loans of up to $15 billion by 2021.</li></ul>Recent disclosures have brought to light significant financial setbacks experienced by FTX&#39;s sister hedge fund, Alameda Research. The firm reportedly faced losses surpassing $190 million due to a series of alleged &#34;avoidable scams,&#34; as detailed by a whistleblower&#39;s expose.Aditya Baradwaj, a former engineer at Alameda Research, unveiled a series of alarming financial and security lapses within the firm, via an X post:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3edae26b1a5f44e08c600a7dcc320f00.png" />One such incident that Baradwaj detailed saw a trader at Alameda losing a staggering $100 million of the company&#39;s funds. This substantial loss was attributed to the trader inadvertently clicking on a malicious link prominently displayed in Google Search results while he was attempting to approve a decentralized finance transaction.Another revelation came in the form of Alameda&#39;s involvement in yield farming on a blockchain whose legitimacy was deemed questionable. This venture saw the firm incurring losses that exceeded $40 million.Read full article at <a href="https://cryptotale.org/whistleblower-exposes-alameda-researchs-190m-losses-amidst-operational-lapses/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Whistleblower Exposes Alameda Research's $190M Losses Amidst Operational Lapses

CryptoTale

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