Alameda
- Technology
The SEC says a secret change to FTX code allowed Alameda to borrow FTX funds irrespective of the collateral value, giving a "virtually unlimited line of credit" (Reuters)
Reuters: The SEC says a secret change to FTX code allowed Alameda to borrow FTX funds irrespective of the collateral…
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John Ray III tells the US House that FTX's bankruptcy is "paperless" due to an "unprecedented" lack of documentation, FTX and Alameda are not distinct, and more (Stephanie Murray/The Block)
Stephanie Murray / The Block: John Ray III tells the US House that FTX’s bankruptcy is “paperless” due to an…
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The CFTC sues Sam Bankman-Fried on fraud charges, alleging FTX "misappropriated customer funds", violated its TOS, extended Alameda unlimited credit, and more (Bloomberg)
Bloomberg: The CFTC sues Sam Bankman-Fried on fraud charges, alleging FTX “misappropriated customer funds”, violated its TOS, extended Alameda unlimited…
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The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising over $1.8B (U.S. Securities and Exchange Commission)
U.S. Securities and Exchange Commission: The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to…
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FTX CEO's testimony to the US House: FTX and Alameda customer assets were commingled, insiders were paid $1B+, FTX US was not run independently of FTX, and more (U.S. House Committee on Financial Services)
U.S. House Committee on Financial Services: FTX CEO’s testimony to the US House: FTX and Alameda customer assets were commingled,…
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Sources: LLCs tied to the CEO of crypto news site The Block secretly received $43M in loans from Alameda, which were in part used to acquire and run the site (Sara Fischer/Axios)
Sara Fischer / Axios: Sources: LLCs tied to the CEO of crypto news site The Block secretly received $43M in…
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A look at CoinDesk's blockbuster Alameda scoop, which led to FTX's collapse and bankruptcy, and its negative impact on CoinDesk parent Digital Currency Group (Elizabeth Lopatto/The Verge)
Elizabeth Lopatto / The Verge: A look at CoinDesk’s blockbuster Alameda scoop, which led to FTX’s collapse and bankruptcy, and…
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