Former Alameda engineer: Alameda's security is very poor, having lost $190 million due to security incidents

ChainCatcher news, former Alameda Research software engineer Aditya Baradwaj detailed three security incidents today on his personal social platform, which resulted in approximately $190 million in losses for Alameda. Baradwaj stated that SBF believed the most important point for a startup like Alameda was to be able to grow very quickly, to the extent that he decided to ignore the engineering and accounting standards of tech companies and financial services.

In the first incident, a trader "was phished after accidentally clicking on a fake link while trying to complete a DeFi transaction," resulting in a loss of $100 million. In the second incident, a liquidity mining creator was scammed, causing Alameda to lose $40 million. In the third incident, after an old version of Alameda's "plaintext key file" was leaked, attackers were able to "withdraw funds from some exchanges and place erroneous orders," leading to a loss of $50 million.