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Cointelegraph cites Nansen Report on FTX and Alameda Research findings:
- $4.1 billion in FTT and $388 million in dollars traded on FTX before its collapse from September 28 to November 1.
- FTX held 280 million (80%) of the 350 million FTT in circulation, most tied to a three-year vesting contract, benefiting Alameda.
- Both companies controlled around 90% of FTT's distribution volume, potentially supporting each other's balance sheets.
- Alameda likely sold FTT via OTC trading and as loan collateral to cryptocurrency lending firms.
#Cryptocurrency #FTX #AlamedaResearch **Just In: 🔔**
Cointelegraph cites Nansen Report on FTX and Alameda Research findings:
- $4.1 billion in FTT and $388 million in dollars traded on FTX before its collapse from September 28 to November 1.
- FTX held 280 million (80%) of the 350 million FTT in circulation, most tied to a three-year vesting contract, benefiting Alameda.
- Both companies controlled around 90% of FTT's distribution volume, potentially supporting each other's balance sheets.
- Alameda likely sold FTT via OTC trading and as loan collateral to cryptocurrency lending firms.