Search Results for "alameda"
Voyager Digital Secures $200m Credit Facility to Meet Liquidity Demands
Voyager Digital Holdings, a prominent crypto trading and investment platform, has secured more than $200 million in credit facility from Alameda Ventures.
Was the Secret Transfer of $4 Billion to Alameda, FTX's Undoing?
Reports have it that Sam Bankman-Fried funded Alameda Research with FTX customer deposits. Many believes this was the downfall of the firm
Federal Reserve Lifts Enforcement Action on FTX-Linked Farmington Bank
The Federal Reserve has terminated its enforcement action against Farmington State Bank, linked to the collapsed crypto exchange FTX, marking the bank's shift away from operations and reinforcing depositor protection efforts.
No Significant Risk Exposure to FTX or FTT, Says Coinbase CEO
Coinbase CEO Brian Armstrong tweeted that Coinbase has no significant exposure to FTX and its platform currency FTT, as well as Alameda's exposure.
Alameda Lent SBF $546M For Robinhood Share Buy
The notorious FTX founder Sam Bankman-Fried borrowed $546 million from Alameda Research. His shell business, Emergent Fidelity Technologies Ltd., bought 7.6% of Robinhood using the loans. Alameda borrowed from BlockFi using those shares.
Alameda Research Minted Over $39 Billion USDT, Amounting to Nearly Half of Tether's Circulating Supply
Recent data analysis reveals that Alameda Research minted $39.55 billion USDT, nearly half of Tether's circulating supply. The findings underscore the significant role of major crypto trading firms in stablecoin operations, with a detailed examination of USDT's creation and redemption processes.
Alameda Accused of Misusing FTX Customer Funds in Court
Key personnel from FTX and Alameda Research, during a trial, revealed concerning financial mismanagement and misrepresentation practices within the organizations. Gary Wang and Caroline Ellison's testimonies provided insights into significant financial instabilities, misuse of FTX funds by Alameda, and personal ventures being funded through loans from Alameda. The trial uncovers a complex scenario of financial misconduct and troubling personal-professional relationships, shedding light on alarming practices within these crypto entities.
Legal Team of Samuel Bankman-Fried Seeks to Question Involvement of FTX Lawyers in $300 Million Loans
Samuel Bankman-Fried's defense team has submitted a letter to U.S. District Judge Lewis A. Kaplan, seeking permission to question the involvement of FTX lawyers in the issuance of loans worth up to $300 million from Alameda Research to Gary Wang. The request comes after an October 1 court ruling provisionally barred any mention of FTX lawyers' involvement without prior permission. The defense aims to establish Bankman-Fried's good faith and lack of criminal intent in the ongoing money laundering case.
Stargate Foundation advised against reissuing STG token
Stargate Foundation has been advised against reissuing the STG token by its DAO due to concerns raised by FTX liquidators following the bankruptcy of FTX and Alameda Research's wallets being hacked for roughly $500 million.
Bankman-Fried May Plead Next Week Before Judge Lewis Kaplan In NY Federal Court
Former FTX CEO Sam Bankman-Fried will appear in court on January 3. He faces two wire fraud charges and six conspiracy charges for the FTX bitcoin exchange crash. His close circle at FTX and Alameda Research pled guilty and cooperated.
Sam Bankman-Fried Dodges Questions on Alameda Debt Repayment Risks
FTX CEO Sam Bankman-Fried was questioned about using funds to repay Alameda's lenders, sparking discussions on risk management practices and potential user reputation implications.
FTX to Sell Remaining Interest in Sequoia Capital to Abu Dhabi Sovereign Wealth Fund
FTX has struck a deal with a company owned by the government of Abu Dhabi to sell its remaining interest in venture capital firm Sequoia Capital for $45 million. The deal is subject to approval by the Delaware bankruptcy judge and is part of FTX's efforts to liquidate its investments to pay off its debts to creditors. Meanwhile, Voyager Digital has agreed to set aside $445 million after being sued by Alameda Research over loan repayments.