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The FTX Saga: There’s No New Hope

Richmond Journal of Law and Technology

According to Protos, Alameda Research purchased HiveEx, an Australian over-the-counter (OTC) trading desk, in 2020 and immediately appointed Bankman-Fried as Director. [1] 6] Along with acquiring banks in Australia and Hong Kong, DAAG Trading DMCC, based out of the United Arab Emirates, was also included in FTX’s bankruptcy. [7]