Alameda Research

Alameda Research LLC was a Delaware-organized quantitative trading firm specializing in crypto assets, with operations in the United States, Hong Kong and The Bahamas. According to the SEC, it began with arbitrage trading and later added market making, yield farming, volatility trading, over-the-counter trading and debt and equity investments.^{Source [1]}

Sam Bankman-Fried and Gary Wang co-founded it in or around October 2017 and were its sole equity owners, with about 90 and 10 percent. Bankman-Fried was CEO until around October 2021, when Caroline Ellison and Sam Trabucco became co-CEOs, and Ellison became sole CEO around August 2022. Alameda was the primary market maker on FTX when the exchange launched in 2019.^{Source [1]}

Alameda filed for Chapter 11 in November 2022 in the FTX bankruptcy case in Delaware. On December 13, 2022 the CFTC charged Bankman-Fried, FTX and Alameda with fraud, alleging FTX customer assets were held by and commingled with Alameda. Bankman-Fried was later convicted of crimes that included defrauding lenders to Alameda of more than $1.3 billion, according to the DOJ.^{Source [1]Source [4]Source [5]}

Alameda is among the FTX Debtors whose court-approved plan of reorganization became effective on January 3, 2025 to distribute recovered assets to creditors. Its former domain now shows a parked page.^{Source [6]Source [2]}

Alameda Research LLC was co-founded by Sam Bankman-Fried and Gary Wang in or around October 2017, according to the SEC, as a quantitative trading firm specializing in crypto assets, with operations in the United States, Hong Kong and The Bahamas. Bankman-Fried was CEO until around October 2021, when Caroline Ellison and Sam Trabucco became co-CEOs; Ellison became sole CEO in August 2022. Alameda filed for Chapter 11 bankruptcy in November 2022 in the same Delaware case as FTX, and its former domain now shows a parked page.^{Source [1]Source [2]}