Tag Archives: alameda research

FTX’s sister trading desk, Alameda Research, bailed out the exchange before it suffered a possible $1 billion trade loss in early 2021.  This news comes amid claims from former FTX CEO Sam Bankman-Fried that FTX and Alameda were independently operated firms.  As reported by the Financial Times on Friday, people familiar with the matter said FTX suffered massive losses after a client’s leveraged trade on an obscure crypto token went south. Meanwhile, the “buffers” designed to...

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After Hacktober, which saw countless DeFi projects being exploited for hundreds of millions of dollars in total, November was expected to be a calmer month for crypto. However, that was not the case as the industry saw one of the fastest, loudest, and most shocking deterioration of a giant – FTX. An analysis by the risk-modeling firm Gauntlet outlined a tweet from Alameda’s CEO that changed the whole situation for the worse. This Tweet Is to Blame? Let’s rewind the clocks by...

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Binance has made a minority investment in the derivatives exchange FTX becoming the first outsider investor in the firm. As part of the deal announced on December 19, the crypto trading platform company acquired equity in the FTX derivatives firm. Additionally, it bought long positions in the FTX native Token, FTT. In that context, Sam Bankman-Fried, FTX founder and CEO said:“The investment will help accelerate the growth of FTX with support and strategic advisory from Binance while FTX...

FXT derivatives exchange announced that it has launched Futures platform tracking an Index of 8 China cryptocurrencies. This announcement came on October 29 in the midst of the blockchain endorsement by China’s President Xi Jinping. The new index will track eight popular Chinese crypto projects.The new development was announced in a tweet by the firm’s CEO Sam Bankman-Fried on October 29.https://t.co/xZ5cjcRb11 is live!— SBF (@SBF_Alameda) October 29, 2019Dubbed Dragon Perpetual Futures Index...