In more FTX news — an analytics firm has now also accused Alameda of frontrunning FTX token listings 👀
Alameda Research CEO Caroline Ellison allegedly told staffers that just she, Sam Bankman-Fried and top FTX executives knew exchange customers’ funds were being used to prop up the trading firm she ran. An analytics firm also accused Alameda of frontrunning FTX token listings.
To start, Alameda appears to have been frontrunning cryptocurrency listings on FTX, amassing large numbers of a variety of tokens before their listing was announced and driving prices up, blockchain analytics firm Argus“We can't really conclude to what extent they sell all their tokens or not — but given the timing of their market entrance shortly before listings, it seems not coincidental,” Argus co-founder and CEO Owen RapaportAs one of the world’s largest and formerly most respected...
The Times also said that a person who visited the offices said Ellison’s desk was in view of monitors displaying FTX trading data. If true, it could render the firewall between the exchange and the trading operation moot. Authorities have already begun cracking down. On June 1, prosecutors from the Southern District of New York brought insider trading, money laundering and wire fraud
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