"Former FTX Employee Exposes Last Moments Before Company's Collapse: 'Holy S**t, We're Broke!'"

A former software engineer at Alameda Research, a trading firm associated with cryptocurrency exchange FTX, revealed the moment he realized the company was on the brink of collapse when a company credit card used to order takeout was declined. The revelation came during a meeting held by Caroline Ellison, the CEO of Alameda Research and ex-girlfriend of FTX CEO Sam Bankman-Fried, where she confirmed that Bankman-Fried had allowed Alameda to use FTX user deposits. The situation became desperate, leading to the company filing for bankruptcy. Bankman-Fried is facing charges of embezzling billions of dollars in customer funds and is set to go on trial in October.