Crypto Quant Shop With Ties to FTX Powers Bankman-Fried's Empire

Alameda Research is a little-scrutinized power player in virtual currencies. As its influence grows, so do concerns over a potential market advantage

Photographer: T. Schneider/Shutterstock
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To the uninitiated, Alameda Research sounds more like a Silicon Valley robotics lab than a crypto trading powerhouse.

Even as its billionaire co-founder Sam Bankman-Fried graces the pages of Vogue and Vanity Fair, and sister company FTX spends millions stamping its logo on stadiums and sports gear, the Bahamas-based quant shop is barely known outside of crypto circles.