On November 11, according to multiple information sources, Alameda Research held a meeting today; all employees resigned, and some sent farewell messages to their former VC partners.
On November 10, SBF tweeted that Alameda Research was closing the deal in some way. According to previous reports, the FTX Future Fund team issued an open letter stating that “the team has collectively resigned this morning, and we are now unable to carry out work or process grants. Sorry, FTX Future Fund may not be able to honor many of the promised grants. To the extent that FTX leadership may engage in deceptive or dishonest conduct, we condemn such conduct in the strongest possible terms.”