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Alameda Gave $400 Million to Startup Based in SBF’s Bahamian Condo Community

Alameda gave $400 million to startup based in SBF's Bahamian condo community Modulo Capital, a relatively unknown firm that appears to have a lot in common with Sam Bankman-Fried and Caroline Ellison, received a $400 million loan from Bankman-Fried's investment firm, Alameda Research, CoinDesk first reported.

Modulo Capital was founded by three former Jane Street traders, a New York-based company that employed Bankman-Fried and Ellison prior to their moves into the crypto industry. Modulo Capital operates out of the same Bahamian luxury condominium community that the two resided in. 

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