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Bitcoin’s 87% Drop in 2021 Was Caused by Sam Bankman-Fried's Alameda, Ex-Employee Claims

An ex-Alameda employee claims a trader at the firm punched in a wrong decimal which led to bitcoin's 87% drop on Binance.US in 2021.

By Shaurya Malwa|Edited by Parikshit Mishra

Updated Oct 4, 2023, 3:50 p.m. Published Sep 21, 2023, 7:34 a.m.

FTX co-founder Sam Bankman-Fried is escorted out of the Magistrate's Court on December 21, 2022 in Nassau, Bahamas. (Joe Raedle)