Cryptocurrency

Alameda Research website goes private following FTX collapse

Alameda Research, a trading company founded by FTX CEO Sam Bankman-Fried, has put its website into “private mode.” His website, hosted by Squarespace, was updated on his November 9th, making it viewable only to his members of the internal team without an official announcement.

Alameda Research
Alameda Research

FTX investment company site down

SBFMore possession Although he owns approximately 90% of the company as of 2021, it is currently unknown how much he has invested in his current business. The company is led by CEO Caroline Ellison, who recently called out to CZ on Twitter to announce that Alameda would buy the FTT tokens he was due to liquidate before news of Binance’s potential acquisition of FTX.com. Told.

moreover, FTX Ventures The website is also unavailable as the DNS settings appear to be updated to stop the site from loading. The error message “This site can’t be reached” is displayed because the DNS address was not found. This error occurs when the website’s DNS settings are configured to point to the wrong server. However, in this case, that doesn’t seem to be the case, given that Alameda’s website is private.

ftx ventures
FTX Ventures

a cached A version of Alameda’s website is still available from WayBackMachine. This will see CEO Caroline Ellison and her CTO Nate Parke core his team and several traders and advisors, including former co-CEO Sam Trabucco.

No input from CEO

Ellison’s last Twitter update on Alameda’s balance sheet came before the announcement of the Binance acquisition.CEO said The company has “>$10 billion in assets” and has “paid off most of its loans to date.”

The tweets paint a different picture than what unfolded on FTX over the next 24 hours. Interestingly, SBF deleted Ellison’s tweet, “FTX is fine,” published around the same time. However, a post from Ellison who commented that he was “busy right now” in a reply to ByBit co-founder Ben Zhou on BitDAO has not been deleted.

Ellison has answered some questions about FTX-linked wallets and refused to dump BitDAO tokens, but has not addressed the internal situation at this time.

Poor communication at FTX/Alameda

Trabucco recently said just hours before FTX announced the liquidity crisis that caused it to seek help from Binance, saying, “It’s ridiculous that people instantly believe 100% of every crappy ‘news’ story they see.” As the industry awaits further information, the apparent lack of awareness among key team members and advisors regarding the scale of the FTX problem is very worrying.

There are currently rumors about the size and extent of the ‘hole’ in FTX’s balance sheet, but no transparent reports have indicated the root cause of the problem.

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