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Sam Bankman-Fried lost half a million dollars every day after Alameda launched, Michael Lewis claims
aaccording to coindeskMillions of dollars from the first-ever tranche of funds raised by Sam Bankman-Fried were almost lost after trading firm Alameda Research initially started in 2017, author Michael Lewis claimed in his biography of Bankman-Fried “Going Infinite.”Bankman-Fried raised nearly $170 million from a set of investors ascribing to the ‘Effective Altruism’ community – a network of people who try to find the best ways to serve the community, usually by donating or funding causes.The th