Alameda and FTX Lose $3.7 Billions In 2022
According to court documents, Bankman-Fried owns trading company Alameda Research, which was founded in 2017, and cryptocurrency exchange FTX. FTX has suffered a net loss in excess of $3.7 billion since its launch in 2019. Forbes cites related petitions from bankruptcy court. FTX Group’s 2021 tax returns reveal a total carryover net operating loss.