Did Alameda research owe $10 billion to FTX?

According to an anonymous source cited by the Wall Street Journal in November 2022, Alameda Research owed $10 billion to FTX. The source said FTX had lent the trading firm money from customer funds at FTX. Ellison was terminated from her position after FTX and Alameda filed for bankruptcy.

Who is the new FTX chief executive?

Ray took over from founder Sam Bankman-Fried as FTX's chief executive after a disastrous week for the company that started with a quickly abandoned buyout effort from rival exchange Binance Inc and culminated in a Chapter 11 filing in Delaware on Friday.

Who is Alameda FTX's co-chief executive?

She was named co-chief executive in 2021 when Bankman-Fried gave up the title to focus on FTX, and to avoid questions about conflicts of interest between the two groups. Ellison took sole charge of Alameda last year when Sam Trabucco, a fellow trader, stepped down as co-chief executive.

What did Alameda's new leadership say about FTX's auto-liquidation protocol?

The new leadership also found 'the secret exemption of Alameda from certain aspects of FTX.com's auto-liquidation protocol, and 'the absence of independent governance' between Alameda and other parts of the FTX group.