Sam Bankman-Fried Addresses $8 Billion Balance Sheet Deficit, the Key Takeaway
In a recent Bloomberg interview, Sam Bankman-Fried (SBF), FTX former CEO, revealed the whereabouts of the funds. SBF said he showed investors a separate balance sheet at an emergency bailout.
FTX’s Venture Arm Alameda Invested Over a Billion in Bitcoin Mining Firm
FTX and Alameda <a href="https://ambcrypto.com/heres-the-good-news-in-a-post-ftx-collapse-world/" target="_blank">breakdown</a> controversies continue to hit the spotlight in the cryptosphere. The latest revelation gives insight into Alameda’s investments. According to a <a href="https://www.bloomberg.com/news/articles/2022-12-02/alameda-bet-big-on-crypto-miner-genesis-digital-before-sector-implosion?utm_campaign=socialflow-organic&utm_medium=social&utm_source=twitter&utm_content=crypto&leadSource=uverify%20wall" target="_blank">report</a> by Bloomberg, FTX’s venture arm had high hopes for <a href="https://ambcrypto.com/will-bitcoin-mining-expansion-help-btc-recover-this-month/" target="_blank">Bitcoin mining</a> as it invested as much as $1.15 billion in Genesis Digital Assets in four funding rounds.
Alameda Research Covered a $1 Billions Loss for FTX in 2021
FTX’s sister trading desk, Alameda Research, bailed out the exchange before it suffered a possible $1 billion trade loss in early 2021.
Crypto Trading Firm GSR Sees Opportunities in Alameda’s Demise
Against the backdrop of November’s crypto market carnage, Jakob Palmstierna, CEO of trading firm GSR, cuts a surprisingly serene figure.
Sam Bankman-Fried Explains FTX-Alameda Relationship
Former FTX CEO Sam Bankman-Fried is under scrutiny by prosecutors over the relationship between crypto exchange FTX and trading firm Alameda Research. SBF has reportedly made customers wire transfer money to FTX through <a href="https://coingape.com/just-in-ftx-alameda-research-contagion-could-spread-to-these-banks/" target="_blank">Alameda bank accounts at Silvergate</a> and other banks.
Serum Exchange Rendered ‘Defunct’ Following the Collapse of Alameda and FTX
The Solana-based decentralized exchange (DEX) has notified its community that the collapse of its backers — Alameda and FTX — has rendered its program “defunct”.
FTX Reportedly Used Alameda’s Bank Accounts To Process Customer Funds
The FTX contagion saga sees new revelations around its misconduct every other day, and the latest one solidifies the collusion between the failed crypto exchange and its sister company Alameda Research from the very beginning.
Just-In: FTX-Alameda Research Contagion Could Spread To These Banks
Prosecutors are relatively clear about the relations between trading firm Alameda Research and crypto exchange FTX following the recent investigations. Alameda is found to be the primary firm supporting FTX operations including accounts, transfers, trading, and others as FTX spun off from Alameda in 2019.
Alameda Research Was Behind Solana Blockchain Halts, Says Crypto Influencer
In a latest, crypto influencer BitBoy claimed that Alameda Research held transactions when Solana blockchain was halted. He also warned in his latest <a rel="nofollow" href="https://twitter.com/Bitboy_Crypto/status/1596423423042920448?s=20&t=F3M9nUydy2ypeJkCd32HGw">tweet</a> saying those who have positions in Solana should get rid of the assets. BitBoy said <a href="https://coingape.com/tag/alameda-research/">Alameda Research</a> laundered money and pressurized with some transactions during the blockchain halts. The Solana price dropped heavily thanks to FTX’s investment in the blockchain project. BitBoy said,
Wrapped Bitcoin Depeg Linked to Alameda Research; FUD or Truth?
Following the chaos around <a href="https://coingape.com/tag/ftx/">FTX</a> collapse in recent weeks, speculation is now rife around the Wrapped Bitcoin (wBTC) depegging from the Bitcoin price. While the rumors suggest certain wBTC is missing as it belonged to Alameda Research, the BitGo team cited routine maintenance of DAO multisig rotation. BitGo’s wBTC order book shows that there is a slight excess in Bitcoin custody than the total wBTC in the network. It means there are more Bitcoin (BTC) to support the number of issued wBTC.
