Troubles at Sam BankmanFried's Alameda Began Well Before Crypto Crash. Sam BankmanFried's trading firm was able to quietly use customer funds from his exchange FTX without sounding alarm bells, sources say.These various illiquid assets were also money sinks. I think one of the investments was like 1bb on a crypto mining company that went bankrupt? A bunch of "smart" guys who backstopped and overextended loans to players, and their losses were magnified with their overleveraged positions. Not doing well right now. Alameda's success spurred the launch of crypto exchange FTX in the spring of 2019. Write the name of the Candidate in the space provided and completely fill in the oval. Alameda took out additional loans from other financial firms, according to people familiar with the matter. But FTX's and Alameda's joint ownership throws up two problems.