Alameda Trader Lost $100 Million in Phishing Attack

Aditya Baradwaj, a former software engineer at Alameda Research, revealed that FTX's sister fund experienced multiple security incidents, resulting in losses of at least $190 million. One incident involved a trader losing over $100 million after clicking on a malicious link for a DeFi app. Another incident involved losses exceeding $40 million due to involvement in yield farming on a blockchain of "questionable legitimacy." Baradwaj highlighted that the firm prioritized speed over security, leading to frequent security incidents