Media: Sam Bankman-Fried recognized the debt of Alameda Research to FTX of $ 10 billion

FTX has provided Alameda Research client funds to finance risky operations, which led to the collapse of the platform. This was stated by The Wall Street Journal aware sources.

According to them, at meetings with CEO FTX investors, Sam Bankman-Fried said that Alameda Research had outstanded debt to FTX of $ 10 billion.

The top manager recognized the decision to lend to a trading company at the expense of customer funds of the exchange “.

Platform users deposited about $ 16 billion, more than half of this FTX was provided by Alameda Research. The company attracted about $ 1.5 billion from third -party organizations.

The publication reminded of Bankman-Frida’s statement on Twitter on November 7 that FTX does not invest customer funds even in such reliable assets as US government bonds. Subsequently, he deleted this tweet.

According to WSJ, Alameda Research earned on arbitration, market maker and profitable farm. According to Nansen, one of the wallets associated with the company generated more than $ 550 million profit since 2020.

Earlier, Glassnode analysts drew attention to the coincidence of the start of the trend of decreasing FTX bitcoin reserves with the Terra ecosystem collapse.

Coin Metrics experts suggested that the “large financial assistance” that she provided to Alameda Research https://gagarin.news/news/new-market-features-visa-meta-fi-crypto-payment-tool-token/ in the second quarter of 2022 could be a possible cause of the collapse of the exchange.

On November 10, Bloomberg sources reported the beginning of the investigation by US regulators of the relationship of crypto platforms with its American unit and a “family” trading company.

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