Alameda Research Accused Of Bribing Chinese Officials To Recover $1 Billion I...
During the trial of Sam Bankman-Fried, the founder of crypto exchange FTX, shocking revelations emerged from the testimony of former Alameda Research CEO Caroline Ellison. According to a TechCrunch report, Ellison testified that the crypto trading firm paid Chinese officials to unlock their Alameda trading accounts on OKX and Huobi in China. Judge Lewis Kaplan clarified that Bankman-Fried was not charged with bribery in this case. Still, the evidence was presented to demonstrate trust, confidence, and motive between Bankman-Fried and Ellison. Alameda Research Former CEO Exposes Hidden....
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The DeFi market continues to heat up, with Alameda Research identifying Southeast Asia as a potential growth hub. Alameda Research has expanded its investment portfolio by allocating $4 million to Coin98 Finance, an up-and-coming decentralized finance platform from Vietnam, according to Chinese fintech outlet ChainNews.Coin98 Ventures, the venture capital firm behind Coin98, reportedly operates the biggest cryptocurrency fund in Vietnam and is also a key backer of the Solana Ecosystem Fund, which recently raised $40 million in strategic investments from major digital currency exchanges. As....
Cryptocurrencies exposed to Sam Bankman-Fried and his companies, Alameda Research and FTX, have dropped by an average of 40% this week. Solana (SOL) is on the track to log its worst daily performance on record.On Nov. 9, SOL’s price dropped more than 40% to around $16 primarily due to its association with Sam Bankman-Fried, the founder of crypto-focused hedge fund Alameda Research and cryptocurrency exchange FTX.SOL/USD daily price chart. Source: TradingViewSam tokens get ‘fried’Fried was an early investor in the Solana blockchain project via Alameda Research. On Nov. 8, the entrepreneur’s....
YFI price is still in a downtrend and many investors believe all attempts at recovery are being suppressed by Alameda Research. Yearn Finance (YFI) price has been in a serious rut during the past 2 weeks and many in the crypto community blame the sharp correction on Sam Bankman-Fried (SBF), the CEO of Alameda Research and FTX. In the past month, DeFi giant Yearn.finance’s native token YFI dropped 62.7% from $43,970 to $16,360.As Cointelegraph has reported, the majority of DeFi tokens corrected 40%-60% in September and this sell off took place as Bitcoin and Ether (ETH) prices also dropped.....
Sam Bankman-Fried's Alameda Research has established ties with RenVM to bring more DeFi assets to the Solana blockchain.
Gary Wang, co-founder and former chief technology officer (CTO) of the now-bankrupt FTX exchange, again took the stand on day four of former CEO Sam Bankman-Fried’s criminal trial. The former FTX executive disclosed the relationship between the cryptocurrency exchange and Alameda Research. FTX’s Sam Bankman-Fried Allegedly Gave Alameda Research ‘Special Privileges’ According to various reports, […]