You may have heard of cryptocurrency exchange FTX and you may have heard of its CEO and Founder, Sam Bankman-Fried. But have you heard of Alameda Research? 

It’s not a Silicon Valley robotics lab but it is one of the largest and most influential cryptocurrency trading firms in the world. Founded by Sam Bankman-Fried and operating with a modest team of 30 employees, Alameda pocketed over $1 billion dollars in profit last year. The firm and its employees have, for the most part, preferred not to draw too much attention. In recent months though, it’s gotten harder for Alameda to fly under the radar, as the collapse of crypto has revealed a tangle of connections between Alameda, FTX and the broader virtual currency markets.  

But as Alameda’s influence spreads and connections emerge, so have concerns over potential conflicts of interests. 

Bloomberg reporter Hannah Miller joins guest host and Bloomberg crypto senior editor Anna Irrera in this episode to untangle these connections.

You may have heard of cryptocurrency exchange FTX and you may have heard of its CEO and Founder, Sam Bankman-Fried. But have you heard of Alameda Research? 
It’s not a Silicon Valley robotics lab but it is one of the largest and most influential cryptocurrency trading firms in the world. Founded by Sam Bankman-Fried and operating with a modest team of 30 employees, Alameda pocketed over $1 billion dollars in profit last year. The firm and its employees have, for the most part, preferred not to draw too much attention. In recent months though, it’s gotten harder for Alameda to fly under the radar, as the collapse of crypto has revealed a tangle of <a href="https://www.bloomberg.com/news/articles/2022-09-14/trading-firm-alameda-research-powers-ftx-ceo-sam-bankman-fried-s-crypto-empire">connections between Alameda, FTX and the broader virtual currency markets</a>.  
But as Alameda’s influence spreads and connections emerge, so have concerns over potential conflicts of interests. 
Bloomberg reporter <a href="https://www.bloomberg.com/authors/AVoj7b5pQl8/hannah-miller">Hannah Miller</a> joins guest host and Bloomberg crypto senior editor <a href="https://www.bloomberg.com/authors/AV1n_B5JKYc/anna-irrera">Anna Irrera</a> in this episode to untangle these connections.

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

Bloomberg Crypto

Digital tokens like Bitcoin and NFTs have moved from niche products to showing up in Super Bowl commercials and song lyrics. Advocates of these new asset classes promise they will democratize the finance industry, and they hail the blockchain technology that backs it all as the future of computing. Skeptics say it's another financial house of cards. Bloomberg journalists will help cut through all the noise and provide clarity, context and authority.

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

Digital tokens like Bitcoin and NFTs have moved from niche products to showing up in Super Bowl commercials and song lyrics. Advocates of these new asset classes promise they will democratize the finance industry, and they hail the blockchain technology that backs it all as the future of computing. Skeptics say it's another financial house of cards. Bloomberg journalists will help cut through all the noise and provide clarity, context and authority. In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.

What do Alameda, FTX, and Sam Bankman-Fried Have in Common?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2b6ee1fa-52f4-4f5d-9a98-af1c01416df1/transcript

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