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According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “identified a number of key weaknesses” associated with Alameda. Orthogonal Credit Found ‘Key Weaknesses’ Tied to FTX’s Alameda Research … Read more
Cryptocurrencies exposed to Sam Bankman-Fried and his companies, Alameda Research and FTX, have dropped by an average of 40% this week. Go to Source Powered by WPeMatico
After the Bitdao token’s quickfire plunge on Nov. 7, members of the Bitdao community have asked Alameda Research to address rumors the principal trading platform has dumped Bitdao’s BIT tokens. The dump, if confirmed, would be a breach of a swap agreement between the two entities which prohibits the offloading of each other’s tokens before … Read more
CZ signaled that he isn’t interested in an offer from Alameda to buy out Binance’s FTX Tokens saying they’d rather “stay in the free market.” Go to Source Powered by WPeMatico
Solana bulls show signs of countering the ongoing correction trend, raising anticipations that SOL price would recover in the coming months. Go to Source Powered by WPeMatico
Alameda Research reportedly obtained $2.2 billion worth of loans using FTT as collateral, a token created by cryptocurrency exchange FTX. Go to Source Powered by WPeMatico
Binance CEO Changpeng Zhao cited “recent revelations” as the reason for the liquidation, noting the sale of its tokens could take months to complete due to the size of its position. Go to Source Powered by WPeMatico
The potential $1 billion funding round would add to the $400 million FTX raised in January, with the firm said to be seeking more capital to snap up deals amid the crypto winter. Go to Source Powered by WPeMatico
Binance CEO CZ has argued that crypto firms that have been poorly managed, poorly operated, or have released poorly designed products should be left to crumble. Go to Source Powered by WPeMatico
SBF also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius, noting that “this is definitely false. We want to help those we can in the ecosystem, and have no interest in hurting them.” Go to Source Powered by WPeMatico
