Court filings: FTX plans to recover $460M in assets, including $404M in cash, of the $475M seed capital transferred from Alameda to hedge fund Modulo in 2022
Tracy Wang / CoinDesk :
CoinMarketCap data shows the crypto market is struggling with an “Alameda gap” after new coin applications fell from 10,264 in Q1 2022 to 6,350 in Q4 2022
Sam Reynolds / CoinDesk :
Sources: Alameda invested $1.1B+ in Genesis Digital, including $500M to buy the co-founders' shares; the bitcoin miner is among FTX's largest bankruptcy assets
Sources: Alameda invested $1.1B in bitcoin miner Genesis Digital, including $500M to buy co-founders' shares; Genesis is among FTX's largest bankruptcy assets
WSJ More Than $500 Mln of Alameda Cash Went to Genesis Digital Founders, Sources Say — WSJ Genesis Digital Is Among Largest Assets in FTX-Alameda Bankruptcy — WSJ
Bankruptcy hearing: FTX has recovered $5B+ so far, excluding $425M held by the Bahamas or “illiquid cryptocurrency tokens”; FTX's Alameda credit line was $65B
The announcement substantially raises the total FTX has recovered since filing for bankruptcy last year but it's still short of what customers are owed in total.
Sources: Genesis Global laid off 30% of its staff, after a 20% cut in 2022, leaving the crypto lender with 145 workers, and is considering filing for bankruptcy
Firm suffered steep losses from loans it supplied to Alameda, Three Arrows — Massive crypto lender Genesis Global Trading Inc. laid off 30% …
Solana co-founders Anatoly Yakovenko and Raj Gokal scramble to move past FTX's stain on SOL, down 96% from November 2021; FTX and Alameda bought 58M+ SOL tokens
$50 billion in value wiped from the cryptocurrency in 2022 Mehron Rokhy / The Daily Hodl : Solana and Associated Tokens Down Over 96% From All-Time Highs As SOL Gets Delisted From Crypto Exchange Bren...
Alameda-linked wallets traded Lido, Polygon, Uniswap, and other tokens for ether and USDT, before swapping for bitcoin, ending with a combined total of 47.6 BTC
Osato Avan-Nomayo / The Block :
Court filings: Sam Bankman-Fried said in an affidavit that he and Gary Wang borrowed $546M+ from Alameda to buy a nearly 8% stake, or ~56M shares, in Robinhood
FTX founder Sam Bankman-Fried said he and former executive Gary Wang borrowed more than $546 million from Alameda Research to buy …
Alameda-linked wallets traded Lido, Polygon, Uniswap, and other tokens for ether and USDT, before swapping for bitcoin, taking their holdings to 47.6 BTC
- Wallets linked to Alameda Research have sold several crypto tokens. — These swaps happened barely days after Sam Bankman-Fried posted bail.