Alameda Research accumulated self-interest tokens before they were listed on the FTX exchange, according to a leak from Argus. 
According to an analysis from crypto compliance company Argus, Alameda Research used prior knowledge of tokens that were planned to be listed on FTX to buy them ahead of the public announcements and later sold them for a profit.
Alameda held 18 different tokens valued at $60 million between January 2021 and March of this year, all of which were eventually listed on FTX. The Wall Street Journal reported on the analysis for the first time on Monday.
Alameda Research is an investment fund founded and operated by Sam Bankman-Fried, although it claims to operate separately from the FTX exchange. However, comparing the balance sheet leaked by Coindesk shows that Alameda holds most of the FTT, the native token of FTX.
Since then, FTX has encountered major problems and asked for help from Binance, but an agreement was not reached. FTX filed for Chapter 11 bankruptcy protection shortly thereafter.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
