The report claims that Alameda acquired roughly $60 million worth of tokens before the digital assets were scheduled to be listed on FTX.
Wall Street Journal contributor Caitlin Ostroffon Nov. 14, 2022, that analysis from the blockchain analytics firm Argus indicates the now-bankrupt Alameda Research had amassed a large stash of tokens prior to specific FTX listings. Ostroff’s report notes that between March 2021 through March 2022, Alameda acquired $60 million of these types of crypto tokens stemming from 18 different FTX listings that followed.
“What we see is they’ve basically almost always in the month leading up to it bought into a position that they previously didn’t. It’s quite clear there’s something in the market telling them they should be buying things they previously hadn’t,” Omar Amjad, co-founder of Argus, told the WSJ. The report further notes that the former FTX CEO Sam Bankman-Fried emailed the WSJ back in February and said that Alameda had access to the same type of information most crypto market makers held. Ostroff further explained that SBF told the news publication that “[Alameda] traders didn’t have special access to client information, market data, or trading.”
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