Founded in 2017, Alameda Research was a leading quantitative trading firm and liquidity provider in the cryptocurrency market. The firm managed over $1 billion in digital assets and traded billions of dollars per day across thousands of products, including all major coins, altcoins, and their derivatives. Its operations included arbitrage, market making, OTC trading, and venture capital investing. The company became infamous for its central role in the 2022 collapse of its sister company, the crypto exchange FTX, which led to both entities filing for Chapter 11 bankruptcy amid allegations of widespread fraud and the commingling of customer funds.