{"id":508218,"date":"2022-11-09T14:00:00","date_gmt":"2022-11-09T11:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/alameda-research-ftt-token-transfer-from-september-fuels-wild-speculations\/"},"modified":"2022-11-09T14:00:00","modified_gmt":"2022-11-09T11:00:00","slug":"alameda-research-ftt-token-transfer-from-september-fuels-wild-speculations","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/alameda-research-ftt-token-transfer-from-september-fuels-wild-speculations\/","title":{"rendered":"# Alameda Research FTT token transfer from September fuels wild speculations"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3daacc091c8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3daacc091c8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/alameda-research-ftt-token-transfer-from-september-fuels-wild-speculations\/#%E2%80%9D_Alameda_Research_FTT_token_transfer_from_September_fuels_wild_speculations_%E2%80%9C\" >&#8221; Alameda Research FTT token transfer from September fuels wild speculations  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Alameda_Research_FTT_token_transfer_from_September_fuels_wild_speculations_%E2%80%9C\"><\/span>&#8221; Alameda Research FTT token transfer from September fuels wild speculations  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-4b69a2fe>The rumors about the possible liquidity crisis for the world\u2019s third-largest crypto exchange turned out to be true. Just a day after assuring funds are fine, and they have the assets to back customer\u2019s funds, FTX CEO Sam Bankman-Fried (SBF) announced on Tuesday that Binance has shown intent to acquire the global crypto platform to help with the liquidity crisis.<\/p>\n<p>The liquidity crunch came as a surprise to many, given FTX bailed out numerous firms during the crypto contagion caused by the downfall of LUNA and the insolvency of 3AC.<\/p>\n<p>Even as the crypto community process the events of the past 24 hours, the focus has now shifted toward other SBF-owned entities, especially Alameda Research, a leading principal trading firm. Alameda and FTX merged their venture capital operations in August 2022. Speculation mills are rife that Alameda reportedly faced a crisis itself during the crypto contagion in the second quarter and FTX bailed it out, which eventually came to bite it back.<\/p>\n<p><iframe loading=\"lazy\" title=\"FTT, Bitcoin crash EXPLAINED: Binance acquires FTX?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/7-FTQ-fqRSQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>Lucas Nuzzi, the head of the crypto analytic firm Coinmetric, took to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> to point out the FTT market cap increased 124.3% on September 28 when 173 million FTX Token (FTT) worth over $4 billion became active on-chain. Nuzzi pointed out that on the same day, a total of $8.6 billion worth of FTT tokens were moved on-chain.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>SBF tumbles off Bloomberg\u2019s billionaire index after trouble at FTX<\/em><\/strong><\/p>\n<p>Tracking the fund transfers of the day, Nuzzi found 173 million FTT tokens from a 2019 ICO-era contract and the recipient of the $4 billion mint was reportedly Alameda Research.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">4\/ The recipient of the $4.19 B USD worth of FTT tokens was no one but Alameda Research!<\/p>\n<p>So what? Alameda and FTX were intrinsically connected from day 1 and Alameda obviously participated in the FTX ICO.<\/p>\n<p>But what h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened next was interesting&#8230;<\/p>\n<p>\u2014 Lucas Nuzzi (@LucasNuzzi) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LucasNuzzi\/status\/1590122604157087744?ref_src=twsrc%5Etfw\">November 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On-chain data confirms the same as the entire 173 million FTT tokens were then transferred from the Alameda Research address to an FTT ERC-20 deployer controlled by FTX.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/522b7b19-1a7f-49f5-aa0f-e34945c3f2bc.png\"><figcaption style=\"text-align: center;\">FTT token transfer on-chain data, Source: Etherscan<\/figcaption><\/figure>\n<p>According to Nuzz\u2019s theory, Alameda blew up along with 3AC and other crypto lenders due to its overleveraged position but survived due to funding from FTX. The crypto exchange saved Alameda from imploding during the Q2 contagion using 173 million FTT as collateral vested for September. Nuzz believes that FTX not only helped Alameda from imploding but subsequently saved 173 million vested FTT from liquidation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">6\/ Remember, the FTT ICO contract vests automatically.<\/p>\n<p>Had FTX let Alameda implode in May, their collapse would have ensured the subsequent liquidation of all FTT tokens vested in September.<\/p>\n<p>It would have been terrible for FTX, so they had to find a way to avoid this scenario.<\/p>\n<p>\u2014 Lucas Nuzzi (@LucasNuzzi) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LucasNuzzi\/status\/1590122610456924160?ref_src=twsrc%5Etfw\">November 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Alameda bailout eventually proved too costly for FTX to fill, especially in the wake of the Binance feud-led FTT selling spree. This eventually made FTX insolvent forcing it to go under. Cointelegraph reached out to FTX for clarity on the issue but didn\u2019t get a response at press time.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/alameda-research-ftt-token-transfer-from-september-fuels-wild-speculations\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Alameda Research FTT token transfer from September fuels wild speculations &#8220; The rumors about the possible liquidity crisis for the world\u2019s third-largest crypto exchange turned out to be true. Just a day after assuring funds are fine, and they have the assets to back customer\u2019s funds, FTX CEO Sam Bankman-Fried (SBF) announced on Tuesday&#8230;<\/p>\n","protected":false},"author":1,"featured_media":508219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvMWMzMTNkMzctNWNhYS00MjQzLWFmNjQtZGM1ZDg0YTFlY2I4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75014,74863,135234,127241,89897,117,70934],"class_list":["post-508218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-binance","tag-cryptocurrencies","tag-ftx","tag-ftx-token","tag-sam-bankman-fried","tag-business","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/508218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=508218"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/508218\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/508219"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=508218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=508218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=508218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}