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πŸ“° Bankman-Fried and Alameda to Help the Crypto Ecosystem

πŸ“ The billionaire investor Sam Bankman-Fried’s company, Alameda Research, has announced that it will be β€œstepping in”, in an effort to help the projects hurt by the ongoing crypto winter.

As the consequences of the market downturn are felt all throughout the industry, major companies such as Three Arrows Capital (3AC) and Celsius are dangerously close…

🏷️ #alameda_research #FTX #Sam_Bankman_Fried

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πŸ“° Sam Bankman-Fried to testify on House Committee hearing

πŸ“ The former CEO of the recently bankrupt crypto exchange FTX, Sam Bankman-Fried, has confirmed his attendance at the upcoming House Financial Services Committee hearing.

On Dec. 9, Sam Bankman-Fried tweeted:

https://twitter.com/SBF_FTX/status/1601186246990401537?s=20&t=k5wdbWpEPhHBduR7VHhI2w

The tweet was a response to House Financial Services Committee chair Maxine Waters’s official invitation from Dec. 2. Maxine Waters stressed Sam Bankman-Fried’s attendance…

🏷️ #Alameda #binance #FTX #SBF

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πŸ“° Alameda wallets suddenly move funds via crypto mixers

πŸ“ Uh oh, it looks like bankrupt Alameda Research has been caught transferring $1.7 million worth of assets through multiple crypto mixers. Data shows that 30 Alameda wallets were swapping ETH and USDT and sending it to crypto-mixing services like ChangeNow and FixedFloat.

The crypto community is wondering if this sudden activity has anything to do with the recent release of FTX's ex-CEO, Sam Bankman-Fired, on $250 million bail. Mixing crypto is often seen as a red flag by regulators, and this move has raised suspicion in the community. Did a rogue employee or breach cause this strange liquidation, or is there more to the story? πŸ€”

🏷️ #alameda_research #crypto_mixers #FTX_collapse

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πŸ“° Robinhood shares may move to neutral broker

πŸ“ BlockFi is suing Sam Bankman-Fried for $430 million worth of Robinhood shares that were allegedly not repaid as collateral for a loan to Alameda Research. FTX (co-founded by Bankman-Fried) wants the shares to stay with Emergent Fidelity until the bankruptcy proceedings are completed, but BlockFi wants a judge to transfer the shares to a neutral broker.

The case is set to go to court on Jan. 9. Will the judge rule in favor of BlockFi or FTX? Only time (and a Jan. 9 court date) will tell. πŸ”πŸ€‘

🏷️ #Alameda #bankruptcy #blockfi #FTX #Robinhood

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πŸ“° Alameda Research sues Voyager Digital for $446M

πŸ“ Alameda and Voyager in a heated battle over πŸ’Έ $446m in loan repayments. Alameda accuses Voyager of fueling misconduct, lawyers can't prove collateral existed.🍿

🏷️ #Alameda #bankruptcy #FTX #voyager

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Want some more?

πŸ“° Weekly Crypto Digest #2

BTC is on fire, 🐈 Doom Cat even weighed in with his opinion.
πŸ’ͺVoyager had a showdown with Alameda, Grayscale got sued again, Solana lost πŸ’”a project, and πŸ”DOJ is investigating Silvergate.

🏷️ #btc #alameda #voyager #silvergate #grayscale

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πŸ“° Former FTX director pleads guilty to fraud: Reuters

πŸ“ Oh boy, things are heating up with FTX. Nishad Singh, the ex-technical director of FTX, just admitted to committing sketchy stuff. The 3rd one confessor. 😳

🏷️ #Alameda #fraud #FTX #SBF

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