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Tag Archives: alameda research

FTX Officials Seek to Recover Over $3.88B from DCG-backed Genesis Global

The officials claim FTX-affiliated Alameda Research had largely repaid the $8 billion borrowed from Genesis Trading, a few weeks before the former filed for Chapter 11 bankruptcy protection. The bankrupt FTX and Alameda Research officials are stopping at nothing to recover lost funds by the former administration led by Sam Bankman-Fried (SBF). The crypto exchange under John J. Ray III, Chief Executive Officer and Chief Restructuring Officer, has sued several entities including soliciting...

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Alameda Sues Grayscale Over Funds Its Says Should Go to Customers

Alameda Research – an affiliate of the now defunct crypto exchange FTX – is suing Grayscale, the world’s largest bitcoin trust. The company claims Grayscale is unlawfully holding investments and refuses to unlock them so customers can receive due payments. Alameda Research Is Suing Grayscale Alameda was at the center of controversy several months ago when it was alleged Sam Bankman-Fried – the man behind both that firm and FTX – used customer funds from the latter firm...

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SBF Pleads Not Guilty to Additional Charges, Including Bribing Chinese Government Official

On Thursday, embattled ex-FTX CEO SBF pled not guilty to the latest federal charges, which he also does not acknowledge.  Disgraced former FTX CEO Sam Bankman-Fried (SBF) recently pled not guilty to five additional federal fraud and bribery charges. SBF appeared in a New York federal court on Thursday to plead not guilty to the latest charges related to FTX’s collapse. In a superseding indictment Tuesday, the Attorney’s Office for the Southern District of New York revealed the criminal...

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SBF is Paying His Legal Fees Using Alameda’s Money: Report

Buried in a mountain of charges from the Justice Department, Former FTX CEO Sam Bankman-Fried (SBF) is reportedly paying his legal fees with money gifted to his father that was initially borrowed from his trading firm, Alameda Research.  The multi-million dollar revelation comes after Bankman-Fried claimed in late November that he had just $100,000 left in his bank account.  SBF’s Legal Defense Fund In a report published on Tuesday, Forbes claimed to have received information...

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FTX Moves to Recoup $460 Million from Modulo Capital

Modulo’s $460 million marks a significant recovery in the ongoing bankruptcy case. Bankrupt crypto exchange FTX is currently working toward recovering some of the customer funds that were reportedly misappropriated. To this end, it filed a motion on Wednesday that would see it recover $460 million in assets for stakeholders. Per the filing, the fund is being recovered from Bahamas-based hedge fund Modulo Capital, which received no less than $475 million from Alameda Research – the...

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FTX Paid SBF and Others $3.2 Billion 

FTX made the transfers to SBF and others via the former CEO’s trading firm Alameda Research.  According to the new management of bankrupted crypto exchange FTX, $2.2 billion was transferred to SBF via various entities. In a press release, the company revealed that more than $3.2 billion was sent to Sam Bankman-Fried and other major employees according to a Schedules of Assets and Liabilities and Statements of Financial Affairs filed on March 15. FTX Transfers Over $3B to SBF and Other Key...

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Sequoia Capital, Paradigm, Thoma Bravo Accused of Promoting the Legitimacy of FTX (Report)

Leading venture capital firms such as Sequoia Capital, Thoma Bravo, and Paradigm were reportedly indicted for adding an “air of legitimacy” to the bankrupt cryptocurrency exchange FTX. Sam Bankman-Fried, accused of committing several crimes such as fraud and money laundering, received a subpoena as part of the case against the organizations he found and will have to present a range of documents on February 17. His father – Joseph Bankman – and Alameda Research’s former bosses...

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Crypto Exchange Bitfinex Transfers $8.5M to Alameda Consolidation Address

Blockchain security firm PeckShield has disclosed a series of transfers from three addresses, including one from crypto exchange Bitfinex to Alameda Research’s consolidation wallet. According to Etherscan, the address labeled “Alameda Consolidation” received $13 million worth of crypto assets from three different wallets. The first belongs to the leading crypto exchange Bitfinex. It transferred approximately 6 million USDT and 1,545 ether (ETH), amounting to roughly $8.5...

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