The hunting firm Alameda Research, which used to hunt for SBF and its main company FTX and bankrupt the victims, is shut down. It is as if the hunter of the crypto economy has fallen prey to the hunting games.

Alameda's Hunting Research

The FTX was used to mint the FTT without any reserves and was lent to Alameda Research as collateral. Alameda Research used to borrow USD from that FTT and send it to FTX. That was all flywheel.

Alameda Research used to give loans of this fake money to companies in the crypto market, and as soon as it sank, SBF used to acquire all the assets of the bankrupt firm in the name of helping them.

This was exposed when CZ liquidated FTT with proof-of-reserve, causing Alameda Research to collapse. 

 co-CEO Conspiracy 

 FTX lent $10 billion to Alameda Research, which was blown up by co-CEO Sam Trabucco who resigned in August 25. This could have led to the collapse of FTX, but FTT was creating value out of thin air.

SEC Conspiracy 

SEC chief Gerry Gensler, who has always been running behind cryptocurrencies in order to declare them securities, has always stayed away from the Alameda Research case because Gensler is also a professor at MIT, and there his boss is Glenn Ellison, whose daughter Carolyn Ellison is the other co-CEO of Alameda Research.