The ability to make large trades in digital assets without noticeably affecting their prices has declined markedly since the FTX collapse. That’s the conclusion reached by Kaiko analysts.
How the collapse of FTX and Alameda Research will affect the crypto industry
ForkLog looked into the reasons behind the FTX collapse and assessed the potential implications for the industry.
Investor talks about Sam Bankman-Fried’s “catastrophic” risk appetite
Serious concerns about the methods of action of the founder of the failed exchange FTX Sam Bankman-Fried appeared before the founding of the platform. Alexander Pak, managing partner of Hack VC, told CNBC.
Nansen reconstructs chronology and finds root cause of FTX crash
Some 86% of FTX utility tokens (FTT) were originally controlled by the bitcoin exchange itself and also the Sam Bankman-Friede-affiliated Alameda Research. Such conclusions are contained in a study by Nansen.
FTX CEO accused the exchange’s former management of giving preferential treatment to Alameda Research
FTX’s new CEO John Ray accused Sam Bankman-Fried and other former exchange executives of hiding the illegal use of client funds and “secretly exempting Alameda Research from certain aspects of the auto-liquidation protocol” on the platform.
Bankman-Fried Disclosed FTX and Alameda Research Asset Value
FTX and Alameda Research’s combined net worth is estimated at $1 billion – liabilities total $8 billion. Former cryptocurrency exchange chief Sam Bankman-Fried stated this.
FTX reported more than a million creditors
Bitcoin exchange operator FTX, which filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code, has more than a million creditors. This follows a document for the court.
Sam Bankman-Fried: it could have turned out much worse
Former FTX CEO Sam Bankman-Fried (SBF) in an interview with The New York Times repeatedly expressed regret for the bitcoin exchange’s collapse and acknowledged that things could have taken a more dramatic turn.
FTX Group filed for bankruptcy. Sam Bankman-Fried has resigned
FTX Group filed for insolvency under Chapter 11 of the U.S. Bankruptcy Code. Sam Bankman-Fried stepped down as CEO.
Media: Sam Bankman-Fried admits to $10 billion debt from Alameda Research to FTX
FTX lent client funds to Alameda Research to fund risky operations, causing the platform to collapse. The Wall Street Journal was told this by knowledgeable sources.
Glassnode assessed the scale of FTX, Alameda Research and Binance’s onchain streams
Against the backdrop of events surrounding FTX, analysts at Glassnode conducted a study of the scale and interconnectedness of network flows over the past year, linking FTX, Alameda Research and Binance.
Crypto industry participants have distanced themselves from FTX and Alameda Research
Several major participants in the crypto industry have said they have no close relationship with Sam Bankman-Fried’s FTX and Alameda Research. According to representatives of several companies, the current crisis will not affect their activities.
Alameda Research refuted BitDAO’s suspected project token dump
Sam Bankman-Fried’s Alameda Research confirmed the presence of 100 million BitDAO (BIT) in response to a community request. The day before, the price of the DAO management token plummeted by about 33%.
Alameda Research said it wants to buy FTT from Binance at $22 per token
CEO of Sam Bankman-Fried’s Alameda Research, Caroline Ellison, has indicated a willingness to buy the utility token FTX (FTT) from Binance at $22 per unit.
3Commas platform raises $37 million from Alameda Research and Jump Crypto
Algorithmic cryptocurrency trading platform 3Commas has closed a $37 million Series B funding round. It was announced in a press release.
Alameda Research to pay $200 million to broker Voyager
Alameda Research will pay off $200 million in debt to bankrupt broker Voyager Digital.
Research: 22% of FTX online transactions are linked to Alameda Research
22% of all deposits and withdrawals using FTX platform digital wallets are linked to also Sam Bankman-Friede-owned market maker Alameda Research. According to Bloomberg, this could create a conflict of interest.
Sam Trabucco has stepped down as co-CEO of Alameda Research
Sam Trabucco, who served as co-CEO of Alameda Research, announced his decision to leave the company.
FTX offered Voyager customers a way to speed up refunds
FTX has offered Voyager customers to open accounts that will accumulate proceeds from their bankruptcy claims against the cryptocurrency broker. With court approval and consent, they will have access to assets sooner than in a standard liquidation proceeding.
Celsius reported a $1.2 billion “hole” in its balance sheet
Cryptolending platform Celsius Network reported that its liabilities exceed assets on its balance sheet by nearly $1.2 billion.
Changpeng Zhao criticized Alameda Research’s deal with Voyager Digital
Changpeng Zhao, head of bitcoin exchange Binance, criticized a deal by venture capital firm Alameda Research in which it provided a $500 million loan to cryptocurrency broker Voyager Digital. He said he “would never have gone for such an arrangement.”.
Alameda Research raised $377 million from failed Voyager Digital
Sam Bankman-Fried-linked Alameda Research was the second-largest borrower ($376.8 million) from Voyager Digital after Three Arrows Capital. That’s the information contained in the cryptocurrency brokerage’s bankruptcy filing.
Sam Bankman-Fried talks about Alameda Research’s role in supporting the industry in the downturn
Alameda Research is making efforts to mitigate the negative phenomena in the cryptocurrency market due to the problems of Celsius and Three Arrows Capital. This was announced by its head Sam Bankman-Fried.
How the problems of Celsius, 3AC and stETH will affect Ethereum price and the cryptocurrency market
How the potential bankruptcy of Celsius and the possible collapse of stETH will affect the market? ForkLog has a look into it.
OTC crypto derivatives platform Paradigm raised $35 million
OTC platform for institutional investors Paradigm closed a $35 million Series A funding round at a valuation of $400 million. It was led by Jump Trading and Alameda Research.
Cryptocurrency-focused robo-adviser Stacked raised $35 million
Automated digital currency investing service Stacked has raised $35 million in a Series A funding round Top Move-to-Earn . It was led by Alameda Research and Mirana Ventures, The Block writes.
Alameda Research raised $25 million loan through DeFi-platform Maple Finance
Sam Bankman-Fried’s Alameda Research venture capital firm has raised $25 million through DeFi-platform Maple Finance.
Report: 55% USDT issued to benefit Alameda Research and Cumberland
The equivalent of $60.3 billion, or nearly 55% of the market value of Tether (USDT) between 2014 and October 2021, its issuer issued at the request of market makers Cumberland Global and Sam Bankman-Friede-affiliated Alameda Research. These are the calculations cited by analysts at Protos.
Crypto exchange AscendEX has raised $50 million from Polychain Capital and other investors
Singapore-based cryptocurrency exchange AscendEX has raised $50 million in a Series B funding round. It was led by Polychain Capital and private equity firm Hack VC.
Cryptocurrency broker Voyager raised $75 million from Alameda Research’s Sam Bankman-Fried
Cryptocurrency broker Voyager Digital has raised $75 million from Alameda Research venture capital firm Sam Bankman-Fried. The parties emphasized that this is a strategic investment.
Three Arrows Capital launches NFT-focused fund
Singapore-based Three Arrows Capital (3AC) has launched a Starry Night Capital fund focused on non-interchangeable tokens. NFT collector under the pseudonym Vincent Van Dough disclosed this.
Media: Alameda Research and Cumberland got most of the USDT issue
More than two-thirds of Tether’s total USDT stabelcoin issue was bought by two cryptocurrency companies – Alameda Research and Cumberland Global. This is reported by Protos portal citing its own sources.
Billionaire Sam Bankman-Fried talks about his view of tech threats and FTX culture – interview
In an exclusive interview with ForkLog’s editor-in-chief Nikita Shteringard, the founder of bitcoin exchange FTX and Alameda Research talked about his worldview, corporate culture and business. They also discussed the sustainability of bitcoin mining and the technology race between the US and China.
Alameda Research backed a DeFi project on Binance Smart Chain in a $7 million round
Binance Smart Chain (BSC) ecosystem-based DeFi project Impossible Finance has raised $7 million in a seed investment round.
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