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]
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 20 hours ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 4 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 5 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 8 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 9 days ago
  • You need to login to comment.