{"id":579601,"date":"2022-11-09T12:58:40","date_gmt":"2022-11-09T12:58:40","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=579601"},"modified":"2022-11-09T12:58:55","modified_gmt":"2022-11-09T12:58:55","slug":"alameda-collapse-three-arrows-capital","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/alameda-collapse-three-arrows-capital\/","title":{"rendered":"Did Alameda Really Collapse Along With Three Arrows Capital?"},"content":{"rendered":"\n<ul>\n<li>On-chain data shows some unusual transactions relating to FTT. Some analysts say the nature of these could indicate that FTX bailed Alameda out.<\/li>\n\n\n\n<li>The basic premise of the speculation is that Alameda collapsed alongside Three Arrows Capital and others, only to be bailed out by FTX. It survived by securing funding and sending tokens back as repayment.<\/li>\n\n\n\n<li>Some are also saying that Binance caught wind of this and saw the opportunity to force FTX into having a liquidity crunch.<\/li>\n<\/ul>\n\n\n\n<p>Crypto market analysts continue to dissect the finances of FTX and are pointing to on-chain data to show that the exchange allegedly bailed Alameda out. Lucas Nuzzi, head of R&amp;D at CoinMetrics, reported that he might have found evidence of FTX bailing Alameda Research out in Q2.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">1\/  I found evidence that FTX might have provided a massive bailout for Alameda in Q2 which now came back to haunt them.<br><br>40 days ago, 173 million FTT tokens worth over 4B USD became active on-chain. <br><br>A rabbit hole appeared \ud83e\uddf5\ud83d\udc47 <a href=\"https:\/\/t.co\/DtCyPspME0\" rel=\"nofollow\">pic.twitter.com\/DtCyPspME0<\/a><\/p>&mdash; Lucas Nuzzi (@LucasNuzzi) <a href=\"https:\/\/twitter.com\/LucasNuzzi\/status\/1590122590206824448?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">November 8, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Nuzzi showed that 40 days ago, 173 million FTT tokens worth over $4 billion became active on-chain. Looking at large daily moves of the FTT token, he analyzed the transactions and found a \u201cpeculiar transaction that interacted with a contract from the FTT ICO.\u201d<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img width=\"1024\" height=\"219\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/alameda-1024x219.jpg\" alt=\"Alameda transaction\" class=\"wp-image-579604\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/alameda-1024x219.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/alameda-300x64.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/alameda-770x165.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/alameda-269x58.jpg 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/alameda-746x160.jpg 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/alameda.jpg 1260w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><figcaption class=\"wp-element-caption\">Transaction Details: <a href=\"https:\/\/etherscan.io\/tx\/0x975d6223257504c418e891d250093e20757441cc592fed5d1fee9c1380860786#eventlog\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Etherscan<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>What\u2019s interesting is that the 173 million FTT <a href=\"https:\/\/etherscan.io\/tx\/0x975d6223257504c418e891d250093e20757441cc592fed5d1fee9c1380860786#eventlog\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">transaction<\/a> was a 2019 contract that automatically released the tokens. Nuzzi went on to say that the recipient of this $4.19 billion transaction was Alameda Research. Of even more note is the fact that Alameda auto-vested the funds by sending it back to FTX, according to him.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img width=\"1024\" height=\"430\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/Vesting-1024x430.jpg\" alt=\"Vesting FTT tokens\" class=\"wp-image-579605\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/Vesting-1024x430.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/Vesting-300x126.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/Vesting-770x324.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/Vesting-269x113.jpg 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/Vesting-746x314.jpg 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/Vesting-1376x578.jpg 1376w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/11\/Vesting.jpg 1406w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><figcaption class=\"wp-element-caption\">FTT Transferred to FTX: <a href=\"https:\/\/etherscan.io\/tx\/0x8c7cf8d166c8bef112bf0f101ddc594c4d83646caff63516c2bfc5c1dd7a6149\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Etherscan<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Nuzzi highlights that he thinks Alameda \u201cblew up\u201d alongside Three Arrows Capital and others. However, it survived by securing funding from FTX that was guaranteed to vest four months later.<\/p>\n\n\n\n<p>The head of R&amp;D and CoinMetrics goes even further in his Twitter thread. He claims that there was a chance that Binance knew about the arrangement. Knowing this, \u201cas large holders of FTT, they could start deliberately tanking that market to force FTX to face a liquidity crunch.\u201d<\/p>\n\n\n\n<p>Of course, this is all speculation at the moment, and there\u2019s no conclusive evidence that <a href=\"https:\/\/en.ethereumworldnews.com\/solanas-price-plummets-amid-ftx-binance-controversy\/\" target=\"_blank\" rel=\"noreferrer noopener\">FTX<\/a> did bail Alameda out. Similarly, for the fact that Binance knew about the arrangement \u2014 if any \u2014 and made moves with that knowledge. Nuzzi notes that all of the above statements are his own takes \u2014 but he says that more is likely going to come out in the following days.<\/p>\n\n\n\n<p>There hasn\u2019t been a response from officials of any of the mentioned parties. The market is still reeling from the news that <a href=\"https:\/\/en.ethereumworldnews.com\/ftx-binance-reach-strategic-agreement\/\" target=\"_blank\" rel=\"noreferrer noopener\">Binance is acquiring FTX<\/a>, and it\u2019s unlikely that any of this speculation will be addressed at the moment.<\/p>\n\n\n\n<h2>Binance-FTX Deal Draws Attention<\/h2>\n\n\n\n<p>According to reports, Binance\u2019s acquisition of FTX <a href=\"https:\/\/finance.yahoo.com\/news\/bernstein-binance-ftx-deal-may-095333110.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">may be examined by<\/a> antitrust regulators in Europe and the United States. Academics and Bernstein Research, both highlighted that there might be scrutiny of the acquisition.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">To be clear: <a href=\"https:\/\/twitter.com\/hashtag\/Tether?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Tether<\/a> does not have any exposure to FTX or Alameda. 0. Null.<br>Maybe is time to look elsewhere.<br>Sorry guys. Try again. <a href=\"https:\/\/t.co\/1bRNUGrttr\" rel=\"nofollow\">https:\/\/t.co\/1bRNUGrttr<\/a><\/p>&mdash; Paolo Ardoino \ud83c\udf50 (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1590170667646795776?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">November 9, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Meanwhile, both Circle and Tether have been reducing any association with FTX and Alameda. Circle CEO Jeremy Allaire took to Twitter to <a href=\"https:\/\/twitter.com\/jerallaire\/status\/1590232991632351232\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">say that<\/a> there was almost no exposure and wanted to dispel any FUD. One individual who did have exposure was NFL legend Tom Brady, who had closed an equity deal with FTX in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto market analysts continue to dissect the finances of FTX and are pointing to on-chain data to show that the exchange allegedly bailed Alameda out. Lucas Nuzzi, head of R&amp;D at CoinMetrics, reported that he might have found evidence of FTX bailing Alameda Research out in Q2. Nuzzi showed that 40 days ago, 173 million FTT tokens worth over $4 billion became active on-chain. Looking at large daily moves of the FTT token, he analyzed the transactions and found a [&hellip;]<\/p>\n","protected":false},"author":52,"featured_media":572672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[947,2],"tags":[108781,1119,48,83,108779,7704,108361],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/579601"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=579601"}],"version-history":[{"count":4,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/579601\/revisions"}],"predecessor-version":[{"id":579614,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/579601\/revisions\/579614"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/572672"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=579601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=579601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=579601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}