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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

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