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]
Next:

Related Articles

  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 6 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 10 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 13 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 17 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 19 days ago

    • You need to login to comment.