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Sam Bankman-Fried's Alameda Research Allegedly Linked to 2021 Bitcoin Price Plunge

Posted on 09/22/2023

Sam Bankman-Fried's Alameda Research Allegedly Linked to 2021 Bitcoin Price Plunge

In 2021, Bitcoin's price plummeted 87% in a flash crash on Binance.US. Now, a former employee claims that a trading error at Alameda Research, led by Sam Bankman-Fried, was behind the incident. The mistake reportedly cost the firm tens of millions and left traders scrambling for answers.

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