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.
SBF’s Substack：FTX Pre-Mortem Overview
In mid November, FTX International became effectively insolvent. The FTX saga, at the end of the day, is somewhere between that of Voyager and Celsius.
Alameda Liquidators Hit With Liquidation for Second Time in 3 Days
According to Arkham Intelligence, Alameda Research liquidators were liquidated for the second time in three days in light of recent market movements.
Sam Bankman-Fried Ordered $65B ‘Secret Backdoor Line of Credit,’ Lawyer Says
Sam Bankman-Fried ordered the co-founder of his cryptocurrency exchange FTX to create a “secret” backdoor that allowed his hedge fund Alameda Research to borrow $65 billion of clients’ money without their permission, according to testimony over the firm’s implosion.
Alameda Liquidators Get Liquidated on Aave As They Try To Consolidate Funds
Alameda liquidators lost $72,000 on DeFi lending platform Aave after getting liquidated themselves while attempting to recover funds for creditors.
Bankman-Fried’s Alameda Joins Chorus Objecting to Binance Voyager Buy
Alameda Research, FTX’s defunct trading arm, has joined the list of protesters against a plan by rival exchange Binance's US affiliate to buy the assets of bankrupt crypto lender Voyager, according to legal filings posted Wednesday with a New York bankruptcy court.
Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research As Early as 2018
Reports detail that when SBF started Alameda, the trading firm was making millions by via arbitrage. As an arbitrageur, SBF claimed that opportunities stemmed from countries like Japan and South Korea as bitcoin (BTC) was trading for a premium in those regions. Because of the so-called “Kimchi premium” in South Korea, SBF said BTC was 30% higher at times and in Japan, it was 10% higher.
Sam Bankman-Fried Denies Moving Funds From Alameda Wallets
Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied moving funds tied to Alameda wallets, days after he was released on a $250 million bond.
‘Wall Street Wolf’ J. Belfort Calls FTX ‘Slaughter’ Drug-Related, Says SBF Is ‘Done’
Commonly known as the “Wolf of Wall Street,” Jordan Belfort said that SBF was “done” and that the implosion of the FTX ecosystem was largely fuelled by the amphetamine use of Caroline Ellison, the former CEO of Alameda Research, who was arrested alongside SBF.
FTX.com Account Permitted Alameda To Maintain Negative Balances in Various Fiat Currencies and Crypto Currencies
Ellison, along with FTX co-founder Gary Wang, pled guilty last week to federal charges in connection with their roles in the frauds that contributed to FTX's collapse, and both are cooperating with the Southern District of New York. News of their plea agreements was held back until Bankman-Fried was en route to the U.S. from The Bahamas.
