Almeda Research

To Whom SBF’s Alameda Research

Transferred $89 Million in Crypto?

According to the chain data, Alameda Research has transferred Serum, FTX, and Uniswap tokens worth $2.7 million into a wallet where the total amount has been deposited worth $89 million worth of assets.

  • BitDao and Alameda Research both agreed on a deal 
  • Alameda’s transaction failed at $1.7 million in Ethereum
  • Alameda’s Balance sheet shows $5 billion worth of FTT tokens out of $15 billion 

Alameda Research and FTX were closely linked to each other and it is also known as the sister company of FTX. Sam Bankman-Fried and Tara Mac Aulay founded Almeda in September 2017. It is a quantitative trading firm specializing in cryptocurrency. In November 2022, FTX and Alameda Research filed for chapter 11 bankruptcy because FTX faced a solvency crisis.

This transaction happened in the past 48 hours, an unexplained transfer by Sam Bankman trading firm Alameda Research wallet.

On November 12, 2022, Almeda Research transferred $36 million of funds, including $31 million worth of BitDAO tokens (BIT), $5 million worth of SushiBar tokens, and $1 million worth of Render tokens.

BitDao was founded in June 2021 by Bybit, a China-born exchange derivatives company now based in Singapore. Almeda Research bought 100 million BIT tokens in 2021 from BitDao.

Alameda used FTX’s FTT tokens to purchase BIT tokens. 

Almeda transferred $32 million worth of Tether and $31 million worth of BIT coins on November 14. Also, Alameda made a transaction of $1.7 million worth of Ethereum from four different wallets. The transaction failed because the wallet fund could not cover the gas.

FTX has been under inspection because of Sam Bankman-Fried’s wallet activities since November 11, 2022; It was found that $650 million worth of funds were moved from the wallet after an hour when FTX and 134 other entities filed for bankruptcy. FTX controlled this wallet and said they were “unauthorized” transactions.

Ryne Miller, FTX General Counsel, wrote on Twitter, “Among other things, we are in the process of removing trading and withdrawal functionality and moving as many digital assets as can be identified to a new cold wallet custodian.”

Sam Bankman-Fried always mentioned that the two entities FTX and Alameda Research are separate, but trouble started when it was found that $ 5 billion out of the $15 billion in the balance sheet of Almeda research was in FTT and it will help to get discounts on trading fees on the FTX’s crypto exchange.



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