2023-3-23 03:35 |
Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475m in 2022. The recovery includes $404m of cash.
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Amid SVB's collapse, the defunct cryptocurrency exchange FTX is suing the venture capital company Modulo Capital, which got a significant investment from Alameda Research last year.
2023-3-23 09:33 | |
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Media reports indicate that Sam Bankman-Fried (SBF) sent $400 million to Modulo Capital, a little-known crypto hedge fund.
2023-1-26 21:05 | |
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The sale of around $873 million in trust assets by the insolvent cryptocurrency exchange FTX can now begin, and the money will go toward paying back creditors who were affected by the business’s bankruptcy in 2022.
FTT jumped as much as 36%.
Alameda Research, the cryptocurrency trading firm that filed for bankruptcy in November, continues to record active transactions, with a $2 million withdrawal recently being recorded by the crypto analytics platform Arkham Intelligence.
Transactions are leaving the FTX hot wallet at a rate in the single digits per minute.
Sam Bankman-Fried no longer ranks in the top 500 on Bloomberg’s billionaire index, but CZ remains at rank 87.
Sam Bankman-Fried’s FTX crypto exchange has completed another mega naming rights deal this time with esports giant TSM.