Alameda Research was behind the Bitcoin flash crash 2021

     Former Alameda Research employee Aditya Baradwaj has recently disclosed that Alameda Research was responsible for the 2021 BTC flash crash.

The terrible BTC flash crash of 2021

     A bug in 2021 led to a decrease in the market value of bitcoin from $65750 to $8200. Although it was dealt with soon, it had a negative impact on anyone selling Bitcoin at the "current" price. Till now, no one has ever understood why that happened.

That was the con of Alameda Research

     Aditya Baradwaj, the then Research Engineer at Alameda Research, has recently revealed that SBF and Caroline's firm Alameda Research itself was behind that incident, This was done so that Alameda Research could purchase bitcoins from vendors selling their BTC for a very low price.

What will happen next from here?

     The CEO of Alameda Research, Caroline, is in witness protection against SBF; thus, SBF's lawyers may use this episode to blame Caroline as a con artist who targets US citizens. However, SBF was also involved, so both might try to either blame one another or make a deal to escape together.

Brought to you by Yugocean, originally posted here