Alameda Research Bought Up Ethereum (ETH)-Based Altcoins Prior to FTX Listings: Report

Alameda Research Bought Up Ethereum (ETH)-Based Altcoins Prior to FTX Listings: Report


FTX’s trading arm Alameda Research reportedly stocked up on altcoins before they were listed on the crypto exchange’s platform.

The Wall Street Journal reports that an analysis of public blockchain data from crypto compliance firm Argus shows that from the start of 2021 to March this year, Alameda held $60 million worth of 18 Ethereum-based altcoins that FTX later on added to its catalog of supported assets.

Says Argus co-founder Omar Amjad,

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“What we see is they’ve basically almost always in the month leading up to it bought into a position that they previously didn’t. It’s quite clear there’s something in the market telling them they should be buying things they previously hadn’t.”

Bankman-Fried reportedly told the Wall Street Journal that Alameda traders didn’t have

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