Alameda Research and Genesis' multi-billion dollar relationship reportedly began years ago with Sam Bankman-Fried asleep in a beanbag chair at their first meeting
Sam Bankman-Fried's crypto trading firm Alameda Research met with lender Genesis Global Capital in 2018, kicking off a years-long, multi-billion dollar lending relationship between the two embattled firms, theWhen Genesis' team, including former chief exec Michael Moro, arrived to the Berkeley, California office where Alameda had been working, Bankman-Fried was reportedly found asleep on a beanbag chair.
At the time, Alameda was on its way to making more capital-intensive crypto bets. This led to a deepening lending relationship between the two firms over the years.
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