Alameda Accumulated Tokens Prior to FTX Listings: Blockchain Data Reveals Potential Insider Trading
Shocking blockchain data analysis has revealed that Alameda Research, Sam Bankman-Fried's crypto trading firm, engaged in potentially illicit activities, accumulating large amounts of tokens *before* their listing on the FTX exchange. The investigation, relying on publicly available blockchain information, suggests possible insider trading and conflicts of interest.
According to an investigation of open data by Argus, the bankrupt FTX's affiliated trading firm Alameda Research accumulated large amounts of token over the course of a year before FTX announced the listings. This pattern raises serious questions about the fairness and integrity of the FTX exchange, which is now embroiled in bankruptcy proceedings.
The report claims that Alameda acquired roughly $60 million worth of tokens before the digital assets were scheduled to be listed on FTX. Over the course of a year, trading firm Alameda Research amassed swaths of tokens ahead of affiliated crypto exchange FTX saying it would list them, according to an analysis of public blockchain data.
Blockchain Analytics Firm Says Alameda Had an unfair advantage. Sam Bankman-Fried's Alameda Research has accumulated crypto tokens prior to their listings on FTX, as per the data from Argus. The analysis, focusing on the Ethereum blockchain, indicates that Alameda held roughly $60 million worth of tokens across 18 listings of coins connected to the Ethereum blockchain on the days leading up to the announcements.
Bankrupt cryptocurrency exchange FTX’s affiliated trading firm Alameda Research accumulated large amounts of tokens over the course of a year before FTX's official listing announcements. The report claims that Alameda acquired roughly $60 million worth of tokens before the digital assets were scheduled to be listed on FTX, potentially profiting significantly from the subsequent price surge that often accompanies exchange listings. This raises concerns about market manipulation and insider information being exploited.
The implications of these findings are significant, potentially impacting ongoing legal proceedings and further damaging the already tarnished reputation of FTX and its founders. The scrutiny of blockchain data continues to reveal concerning details about the inner workings of the now-collapsed crypto empire.