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Hedge fund Alameda accused of using customer funds after suffering losses in crypto industry shakeup
Alameda, a hedge fund owned by Sam Bankman-Fried, who also owns cryptocurrency exchange FTX, is being accused of using customer funds after suffering losses during a shakeup in the crypto industry. Bankman-Fried allegedly took funds from FTX users to cover the losses of Alameda, which operates inside FTX as well as elsewhere.