October 12th, former Alameda Research software engineer Aditya Baradwaj recently disclosed on social media that the trading company co-founded by Sam Bankman-Fried lost $100 million due to clicking on a phishing link. Baradwaj stated that this was not the first time the company had lost millions of dollars due to security negligence. He also described two other incidents in detail, resulting in a total loss of at least $190 million for the company.

He pointed out that Bankman-Fried's quick decisions led to the company almost not conducting code testing and complete fund reconciliation, and only adding transaction security checks when needed, thereby increasing security risks.