The biggest news in the cryptoverse for Jan. 17 saw court proceedings reveal that Alameda Research had a $65 billion artificial credit line at FTX. Meanwhile, Thailand has created a mandate that will ...
Tag: 65B
Alameda had $65B artificial credit line, 43,000% more than FTX market makers
A recent court filing in the FTX bankruptcy case has revealed a “$65 billion backdoor” between Alameda and FTX. The filing includes a deck detailing the current findings relative to FTX group funds. T...
FTX secretly lent Alameda Research $65B
Environmentalists sued the New York Public Service Commission (PSC) on Jan. 13 for allowing the takeover of a bitcoin mining plant. Plaintiff’s argument that approval breaches 2019 New York clim...
$65B Secret Line of Credit: Alameda with FTX
SBF ordered Gary Wang to code a secret line of credit for Alameda Research. This created a backdoor, allowing Alameda to borrow customers’ funds without permission. Without their consent, Alameda too...
Alameda Research had a $65B secret line of credit with FTX: Report
Former FTX CEO Sam Bankman-Fried (SBF) reportedly ordered Gary Wang, co-founder of the crypto exchange, to open a $65 billion “secret backdoor line of credit” for Alameda Research, accordi...
Binance CZ’s $65B networth makes him almost 3x richer than FTX SBF
With a market cap of over $2 trillion, crypto has given birth to several billionaires since the first Bitcoin was mined. Although anonymity makes it difficult to determine who has what, a new report f...