The collapse of FTX caused 1 million victims. A tragedy that contrasts with the extraordinary daily life of its employees and its founder.

According to the team behind the open protocol Ren, developers are winding down the Ren 1.0 network following the FTX and Alameda Research collapse. Last year, under previous Ren leadership, Alameda acquired Ren and was funding development every quarter. On Dec. 7, 2022, Ren developers warned Ren 1.0 and 2.0 compatibility “cannot be guaranteed” and Ren users should bridge back to their native chains.

Ren Protocol, an Alameda-funded issuer of a wrapped bitcoin asset called renBTC <a href="https://twitter.com/renprotocol/status/1600559366440390657">warned</a> its users of the potential risk of losses after it shuts down its existing product.&nbsp;

The capital portfolio of the fallen quantitative cryptocurrency trading firm Alameda Capital was recently <a href="https://www.ft.com/content/aaa4a42c-efcc-4c60-9dc6-ba6cccb599e6">released</a> by Financial Times, revealing some interesting investments.

Sam Bankman-Fried, founder and former CEO of FTX, stated to the Wall Street Journal in an interview posted on Saturday evening that he “can only speculate” about what occurred in the past to billions of dollars after FTX customers transferred them to its sibling trading firm Alameda Research.

A recent photo of what appears to be former Alameda Research CEO Caroline Ellison in a Manhattan coffee shop in New York has been making the rounds on Twitter. On Dec. 4, two photos began circulating on Twitter, appearing to show Ellison ordering a coffee at the Ground Support Cafe in Manhattan. Adding some weight to the possible sighting, Gopher, the Golden Doodle puppy which is understood to be owned by FTX and Alameda execs also seems to be in the photo next to Ellison.

One of the bigger questions surrounding the collapse of Sam Bankman-Fried’s crypto empire is what venture investments his trading firm Alameda Research poured billions of dollars in.&nbsp;

NASSAU, Bahamas—FTX founder&nbsp;Sam Bankman-Fried&nbsp;said he couldn’t explain what happened to billions of dollars that customers of his<a href="https://www.wsj.com/articles/doj-watchdog-calls-for-independent-ftx-probe-in-bankruptcy-11669940711?page=1&amp;mod=article_inline" target="_blank">&nbsp;failed cryptocurrency exchange</a>&nbsp;sent to the&nbsp;<a href="https://www.wsj.com/articles/ftx-tapped-into-customer-accounts-to-fund-risky-bets-setting-up-its-downfall-11668093732?mod=article_inline" target="_blank">bank accounts of his trading firm</a>, Alameda Research.

SBF’s trading company Alameda Research was provided with oversized borrowing limits compared to other FTX clients.

Trading firm Alameda Research was given outsized borrowing limits compared with other clients of FTX.&nbsp;