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how does someone like Sam begman freed go from the Savior crypto to the next Bernie Madoff letamp;#39;s talk about what happened at FTX Scandal romance fraud sounds like the next episode of a soap opera but no no just another day in crypto unfortunately Alameda research is a trading firm that was founded by Sam and is also closely linked to FTX and how the exchange operated much of alamedaamp;#39;s value was tied up in crypto assets like the ftt which saw massive reductions in value over the past year and since those s were used as collateral for loans that Alameda took out to fund their trading operation they got margin called and they couldnamp;#39;t pay up and hereamp;#39;s where it gets bad because of Samamp;#39;s involvement in both FTX allowed Alameda to use customer funds to deal with their liquidity problem and once binance announced they were liquidating over a half a billion dollars in ftt s The Market panicked causing a bank run on FTX liquidity and crashing the ftt pri
