A former employee of the crypto investment company Alameda Research, which went bankrupt along with the FTX exchange, made a shocking confession. Engineer Aditya Baradwaj, who had previously made bad comments about the founder Sam Bankman-Fried, said that the bankrupt company was listed on a stock exchange. Bitcoin He announced that it literally caused the price to crash.
Baradwaj, an employee responsible for purchases and sales in the company “pressing the wrong button” He admitted that as a result, he caused the BTC price to instantly drop 87% on the Binance.US exchange. According to the statement given by the former employee, the incident took place on October 21, 2021.
When we examined historical data, we determined that the incident in question was real. As the former Alameda Research engineer explained, Bitcoin price was trading close to 65 thousand dollars on October 21, 2021. However, it suddenly dropped to $8,250 on the Binance.US exchange in the morning local time.
“The trader working in our company was trying to sell some Bitcoin. However, when I put the comma in the wrong place after the numbers, the price suddenly crashed.”
No one knows how much loss the bankrupt cryptocurrency company suffered as a result of this wrong transaction. Binance.US officials stated in their statement that day that the collapse in question “from an institutional investor” stated that it was caused by