
Sam Bankman-Fried, Embattled FTX founder, wanted to close down his other company, Alameda Research, according to an unpublished post published by his ongoing fraud trial.
SBF said that the company has been a buyer when markets are wild and unstable, and prices are crashing, and capital is scarce-whether that's projects, tokens, or companies. The company has also highlighted its role in some blockchain projects like Solana and Sushiswap.
SBF said that Alameda was 'a large global source of liquidity, guidance, and backstopping for the entire ecosystem' even after he left.
SBF slammed unnamed competitors for spreading FUD about the relationship between FTX and Alameda to distract from their problems.
SBF notes that the actions of these competitors are too bad for the [crypto] space. He added: He said you are not alone in saying that he was not happy.
The report also revealed that SBF had plans to turn Alameda into an investment firm and an infrastructure developer.
Alameda's relationship with FTX was the undoing of the once-great SBF-led crypto empire. The companies filed for bankruptcy last year after the exchange experienced a bankruptcy.
The ongoing trial has revealed that SBF orchestrated the misappropriation of FTX customers' funds. Alameda's insiders, including Gary Wang, FTX co-founder and Caroline Ellison, the former CEO of Alameda, have testified that Alameda enjoyed special privileges at the defunct exchange and that SBF established the systems that facilitated the fraudulent operations.