Former Employee Reveals Alameda Research's $200 Million Loss Due to Security Lapses

Prominent traders are anticipated to maintain robust security measures to fend off hacks and phishing threats, common issues in the cryptocurrency sphere. However, this wasnt the case for Alameda Research, the trading firm overseen by Sam Bankman-Fried. Recent allegations from former employee Aditya Baradwaj have brought to light that the firm suffered losses upwards of $200 million due to prevalent security issues that are rampant in the crypto sector. According to Baradwajs statement on social platform X, Alameda Research prioritized rapid progress over security. Such an approach led...

source: https://tokenpost.com/Alameda-Research-Faces-Major-Security-Lapses-Leading-to-Huge-Financial-Losses-10814

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