A former employee has alleged that Alameda Research, the sister trading firm of FTX, focused more on speed rather than adhering to proper security practices. The whistleblower has raised concerns about the potential risks associated with this approach. Alameda Research is known for its algorithmic trading and liquidity provision services, and its association with the prominent cryptocurrency exchange FTX.
The former employee’s claim raises questions about the prioritization of security measures in the high-speed trading industry. While speed is undoubtedly crucial in such a competitive market, ignoring proper security protocols may expose the firm to vulnerabilities. It remains to be seen how Alameda Research and FTX will respond to these allegations and whether any changes will be implemented to strike a balance between speed and security.
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