On-Chain Data Reveals Alameda Acquired Certain Tokens A Month Ahead Of FTX Listing – Bitcoin News

Sam Bankman-Fried’s trading firm Alameda Research acquired the token ahead of its FTX.com listing, according to a report from blockchain analytics firm Argus. The report claims Alameda acquired approximately $60 million worth of tokens before the digital asset was listed on FTX.

Blockchain Analytics Firm Says Alameda Had An Insider Advantage A Month Before FTX Listing

As Wall Street Journal (WSJ) contributor Caitlin Ostroff detailed on Nov. 14, 2022, an analysis from blockchain analytics firm Argus suggests that now-bankrupt Alameda Research has determined that certain FTX listings have It shows that you have hidden a lot of tokens before. According to Ostroff’s report, between March 2021 and her March 2022, Alameda earned $60 million in these types of crypto tokens derived from 18 different her FTX listings since then. did.

“What we’re seeing is that they’re basically almost always buying positions that they didn’t previously buy in the previous month,” said Omar Amjad, co-founder of Argus. – told the Street Journal.

The report further states that former FTX CEO Sam Bankman-Fried (SBF) emailed the WSJ in February, stating that Alameda has access to the same types of information held by most crypto market makers. pointing out that Ostroff further explained that SBF told the news publication:[Alameda] Traders had no special access to client information, market data, or trading. ”

The news reveals that FTX filed for bankruptcy on November 11, 2022, revealing that FTX International, FTX US, Alameda Research, and 131 other entities were included in the Chapter 11 bankruptcy filing. It follows. Sources told Reuters that SBF had discreetly transferred about $10 billion to Alameda. Two of his people familiar with the matter further explain that at least $1 billion, and in some cases as much as $2 billion, of client funds are missing.

The SBF told reporters in a direct text message to Reuters that it “disagrees with the characterization” of the $10 billion move to Alameda. “We didn’t covertly forward it,” SBF claimed in a text message. “We had a confusing internal label and misread it,” added the former FTX CEO. Less than 24 hours after his FTX bankruptcy filing on Nov. 11, his exchange wallet was reportedly hacked and $477 million in crypto assets stolen.

Want to read every FTX report ever covered by Bitcoin.com News? Check out the list below.

• Crypto Exchange Binance Dumps All FTX Tokens On Its Books — CEO Cites “Recent Revelation”
• FTX Binance Fallout: Bitdao Community Asks Alameda Research to Respond to Token Dump Claims
• CZ Says Binance Intends To “Fully Acquire FTX”, Sam Bankman-Fried Confirms Deal
• Report: FTX CEO Tells Crypto Exchange Staff It Has ‘Effectively Paused’ Withdrawals
• Binance CEO Explains FTX Situation — Says ‘This Wasn’t A Master Plan’
• Binance Withdraws FTX Trading Due To “Due Diligence”, “False Customer Funding” Reports
• Amid FTX turmoil, whistleblower Edward Snowden says ‘custodial exchange was a mistake’
• Galaxy Digital Reveals Update On Relationship With FTX, Partnership Has “Approximately $76.8 Million Exposure”
• Report: Singapore State Investor Temasek Involved in Troubled Crypto Exchange FTX
• From $32 Billion Valuation to Financial Troubles: FTX’s Rise and Fall Details
• Tether freezes 46 million tokens as volatile USDT price fuels speculation tied to Alameda reserves
• FTX CEO Mentions Crypto Community, Sunsets Alameda Trading, Certain “Sparring Partners”
• Report Claims Confused Crypto Exchange FTX Seeks Over $9 Billion From Investors
• Leading VC firm Sequoia Capital marks $0 investment in FTX — says ‘liquidity crunch created FTX’s solvency risk’
• SEC, DOJ Investigate FTX — Regulator Suspects Crypto Exchange Mishandling Customer Funds
• TRX US Dollar Exchange Rate Up 270% On FTX After Exchange Brokers Trade Tron
• Blockfi suspends customer withdrawals, citing ‘lack of clarity’ on FTX’s status
• Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Interim Liquidator
• California regulator reveals investigation into FTX failure, says ‘crypto assets are risky investments’
• Controversial Crypto Exchange FTX File For Chapter 11 Bankruptcy Protection, CEO Steps Down
• Philanthropic FTX Foundation ceases operations amid impact of bankrupt exchange
• On-Chain Data Shows FTX US Has Paused ETH Withdrawals For 2 Hours, And Users Are Complaining Of Withdrawal Errors
• SEC Chairman Gensler Discusses Crypto Regulations Following FTX Demise — Says Field Is “Significantly Non-Compliant”
• White House, US Senators Demand Proper Crypto Oversight
• Japanese regulator slaps FTX Japan with cease-and-desist order
• FTX reportedly hacked as Telegram group admins comment on possible ‘malware’ in app, irregular fund transfers registered on-chain
• Alameda Research “does not trade cryptocurrencies,” speculators believe SBF’s political ties sent FTX flying under the radar, according to report
• Flightradar report shows FTX co-founder’s private jet flew to Argentina, SBF says he’s still in the Bahamas
• Hedge fund Galois Capital to disclose ‘about half’ of its capital ‘stuck on FTX’
• FTX CEO Confirms Report Of ‘Unauthorized Access To Certain Assets’, Team Is ‘Coordinating With Law Enforcement’
• Former US Treasury Secretary Larry Summers Compares FTX Collapse To Enron Fraud
• From Mercedes F1 to Miami Heat, sports teams suspend FTX sponsorships
• FTX Collapses: Africa-Focused Payments Firm AZA Finance Accused of ‘False Inclusion’ in FTX’s Bankruptcy Filing
• FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token Questionable Tokennomics Highlights Red Flags
• Royal Bahamian Police reveal FTX is being investigated for ‘criminal misconduct’
• Kraken CEO Discusses Impact Of FTX Failure — Says Damage To Crypto Industry Is Huge, Will Take Years To Undo
• Conflicting reports come out about SEC backing crypto exchange FTX bankrupt due to legal loophole
• Effective Altruism: Former FTX CEO’s $40M Penthouse Is Up For Sale, Report Says Firm Spent $74M On Real Estate
• US Law Enforcement Directs Paxos to Freeze Over 11,000 PAXG Tokenized Gold Coins
• Ikigai Executive Says “Most” of Crypto Asset Management Firm’s Funds Are Stuck in FTX
• Kevin O’Leary: FTX Collapse Turning Point for Industry — ‘Crypto Bottom Is Coming’

What are your thoughts on the report that Alameda Research acquired the token before the FTX listing? Let us know your thoughts on the matter in the comments section below.

Jamie Redman

Jamie Redman is a news lead for Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols currently emerging.