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Here’s How Alameda’s Liquidators Incurred $11.5M Loss in 2 Weeks

Liquidators of Sam Bankman-Fried’s bankrupt trading powerhouse Alameda Research reportedly incurred a significant loss of over $11 million since the start of the year due to multiple liquidations.

According to blockchain analytics platform Arkham Intelligence, Alameda lost $11.5 million in liquidations, with a single loss of $4.85 million and a preventable loss of over $4 million.

Arkham said Alameda incurred a massive loss on decentralized finance (DeFi) lending protocol AAVE after the company moved $7 million in USDC stablecoins and $4 million in DAI from the platform on December 29, 2022, to an Optimism L2 account.

Alameda Blockchain
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