Express

Alameda Research Loans $4.1 Billion to Related Parties

Tris Bell

Summary: Alameda Research, the trading firm affiliate of bankrupt crypto exchange FTX, made $4.1 billion through loans to related parties, according to bankruptcy filings Thursday. Among the loans were $1 billion to former FTX CEO Sam Bankman-Fried, $543 million to FTX Director of Engineering Nishad Singh and $55 million to FTX Digital Markets head Ryan Salame. ...

Alameda Research, the trading firm affiliate of bankrupt crypto exchange FTX, made $4.1 billion through loans to related parties, according to bankruptcy filings Thursday.

Among the loans were $1 billion to former FTX CEO Sam Bankman-Fried, $543 million to FTX Director of Engineering Nishad Singh and $55 million to FTX Digital Markets head Ryan Salame. There was also a $2.3 billion loan between FTX legal subsidiaries Euclid Way Ltd. and Paper Bird Inc.

Author: Tris Bell

Last Update:

Tags: ,,,,,
Link: Alameda Research Loans $4.1 Billion to Related Parties   [Copy]
  • Uniswap Sued by SEC: What Does it Mean for the Future of DeFi? 1 days ago
  • The Value of Web3 Social, Explained 2 days ago
  • Initiated by Uweb and Waterdrip Capital, "Deep in Labs" announces its DePIN Demo Day 15 days ago
  • The Future of Blockchain: How Modularity is Revolutionizing the Industry 17 days ago
  • Parallelized EVMs: The Solana Killer? 21 days ago
  • You need to login to comment.