Tagged: alameda

August 8, 2024 @ 3:56 pm By JD Alois  |  

The Commodity Futures Trading Commission is reporting that the US District Court for the Southern District of New York has entered a consent order of permanent injunction and other relief against FTX Trading and Alameda Research. The duo has been ordered to pay $12.7 billion in… Read More

April 10, 2023 @ 9:27 am By JD Alois  |  

FTX Exemplified hubris, incompetence, and greed. FTX CEO John J. Ray, III has filed his first interim report on the failure of FTX as the bankruptcy proceedings continue. Once one of the largest crypto exchanges in the world, led by high-profile founder and CEO Sam… Read More

March 29, 2023 @ 9:16 pm By JD Alois  |  

Crypto exchange Okcoin has issued a brief statement indicating it will return funds related to the FTX and Alameda bankruptcy cases. According to Okcoin, it wil return $8.2 million in frozen assets related to Alameda Research. The company notes that FTX debtors filed a motion… Read More

February 28, 2023 @ 3:08 pm By JD Alois  |  

Nishad Singh, the former co-lead Engineer at failed crypto exchange FTX, has been charged by both the Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC) with fraud. Both agencies revealed the charges following the news that Singh had pleaded guilty to criminal… Read More

January 6, 2023 @ 5:00 pm By JD Alois  |  

You may quibble about totals, but the value lost in digital assets during 2022 was pretty enormous. If you exited at the end of 2021 – congratulations. If you remained invested or HODLed. Sorry. On top of that, multiple centralized crypto platforms imploded, and the… Read More

December 29, 2022 @ 3:42 pm By JD Alois  |  

Funds have been on the move from Alameda Research wallets – mostly in small amounts with the majority being combined into two digital wallets prior to being sent to FixedFloat/ChangeNow. This is according to a report by Martin Lee at Nansen – a blockchain analytics… Read More

December 12, 2022 @ 3:32 pm By JD Alois  |  

Tomorrow’s hearing at the House Financial Services Committee is widely anticipated across the crypto industry. Both current FTX CEO, John J. Ray, III, and former FTX CEO Sam Bankman-Fried, are scheduled to testify on the collapse of FTX. In advance of the hearing, Ray has… Read More

December 5, 2022 @ 10:46 pm By JD Alois  |  

Silvergate (NYSE:SI), a west coast banking operation that has been a leader in supporting the digital asset sector, is not getting a lot of love these days. Its relationships with previously high-flying crypto platforms have come back to haunt the bank. Silvergate started 2022 with… Read More

November 14, 2022 @ 12:54 am By Omar Faridi  |  

CoinShares International Limited, which claims to be Europe’s largest and longest standing digital asset investment firm, “discloses its exposure to the FTX Exchange, while confirming that the Group has no exposure to FTX’s sister company, Alameda Research.” The ability to withdraw funds from FTX was… Read More

November 13, 2022 @ 5:26 pm By JD Alois  |  

As details of the FTX collapse continue to emerge, criticism has turned into a pile-on in regard to Sam Bankman-Fried’s mismanagement of the crypto exchange and affiliated entities, including his hedge fund Alameda Research. Bankman-Fried is said to be in the Bahamas, where authorities are… Read More

June 24, 2022 @ 12:04 pm By Omar Faridi  |  

Digital asset brokerage firm Voyager Digital Ltd. (TSX: VOYG) is reportedly limiting client withdrawals via its platform to $10,000 and to 20 transfers during a 24-hour timeframe. The New York-headquartered company, which secured $485 million in loans during the last week from Alameda Research in… Read More

June 22, 2022 @ 2:05 pm By JD Alois  |  

Voyager Digital (TSX: VOYG) (OTCQX: VYGVF) has issued a statement updating on challenges regarding digital asset markets and a previously announced credit facility from Alameda Ventures. Alameda indirectly holds 22,681,260 common shares of Voyager representing about 11.56% of the outstanding common and variable voting shares…. Read More