WSJ: Alameda Research started going bankrupt back in 2018

According to a report by the Wall Street Journal, Alameda Research, a quantitative trading firm known for its involvement in the cryptocurrency market, had begun the bankruptcy process as early as 2018.

Alameda Research logotype

The report cites sources familiar with the matter, who claim that Alameda Research faced financial difficulties due to a number of factors, including a downturn in the cryptocurrency market and a series of poor investment decisions. Despite these challenges, the firm continued to operate and even expanded its operations, raising concerns about the transparency of its financial situation.

The news of Alameda Research’s bankruptcy has sent shockwaves through the financial industry, as the firm was previously seen as a leader in the field of quantitative trading. It remains unclear how the bankruptcy will impact the company’s clients and partners, as well as the broader cryptocurrency market.

Many are calling for increased regulation and oversight of quantitative trading firms, in order to prevent similar situations from occurring in the future. It is also important for investors to thoroughly research and understand the financial health of any company before entrusting their assets to them.

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