A crypto hedge fund launched in 2017 by Sam Bankman-Fried. Alameda Research made a fortune in crypto arbitrage by trading Bitcoin between the U.S. and Japan. In 2019, some of the profits were used to launch the FTX crypto exchange. In June 2022, as crypto was falling globally, the company granted more than $800 million in credit to BlockFi and Voyager. In November 2022, Alameda declared bankruptcy along with the FTX exchanges (see
FTX exchange). See
BlockFi and
Voyager.