Amid the major crypto exchange FTX’s liquidity crisis, two companies closely tied to it – including Alameda Research and FTX Ventures – appear to be inaccessible on their websites.
- Alameda‘s site has gone private, while FTX Ventures’ site appears to be down entirely. Both have been inaccessible since Tuesday.
- Alameda is a trading desk launched by Sam Bankman-Fried, the CEO of FTX. The firm was found to have large exposure to FTT on its balance sheet according to a CoinDesk leak earlier this month.
- After Binance promised to dump 22 million FTT tokens on the market on Sunday, Alameda CEO Caroline Ellison offered to buy all of the firm’s FTT for $22 a piece.
- Binance CEO Chanpheng Zhao declined the offer later. At the time of writing, FTT is only $3.52.
- Ellison said on Sunday that the leaked balance sheet from earlier this month did not reflect all of Alameda’s assets. She has not made any public comment on the matter since that time.
- Meanwhile, FTX’s main site remains operational and is even accepting deposits – despite the fact that it is currently not processing withdrawals.
- Binance signed a non-binding agreement to purchase FTX to assist the firm in working through its “liquidity crunch” on Tuesday.
- However, the firm backed out of the deal just a day later after getting a better understanding of how FTX handled client funds and reports of investigations into the firm by federal regulators.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
- Bitcoin
- blockchain
- blockchain compliance
- blockchain conference
- coinbase
- coingenius
- Consensus
- crypto conference
- crypto mining
- cryptocurrency
- CryptoPotato
- decentralized
- DeFi
- Digital Assets
- ethereum
- FTX Exchange
- machine learning
- non fungible token
- plato
- plato ai
- Plato Data Intelligence
- Platoblockchain
- PlatoData
- platogaming
- Polygon
- proof of stake
- Uncategorized
- W3
- zephyrnet
More from CryptoPotato
Genesis’ Clash With FTX Over Funds Likely to Delay its Creditor Payout: Report
Source Node: 2162084
Time Stamp: Jul 7, 2023
Blockchain Sports Startup dotmoovs Presents Luís Figo and Ricardo Quaresma as Brand Ambassadors
Source Node: 881409
Time Stamp: May 26, 2021
USA Is the Most Crypto-Ready Country, According to a Recent Research
Source Node: 958136
Time Stamp: Jul 3, 2021
AngryKitty: A New Meme Token Looking to Level the Playing Field
Source Node: 1250777
Time Stamp: Apr 5, 2022
DC Comics to Distribute Batman and Superman NFTs for Free
Source Node: 1090981
Time Stamp: Sep 30, 2021
Celsius and Former CEO Alex Mashinsky Violated US Law, Says CFTC Spokesman
Source Node: 2159925
Time Stamp: Jul 6, 2023
Mittaria: A Web 3 SocialFi Metaverse for Animation Lovers
Source Node: 1643931
Time Stamp: Aug 29, 2022
Bitcoin Now Accepted by Two Ukrainian Tech Giants: Report
Source Node: 1631436
Time Stamp: Aug 20, 2022
A Month Later: Cream Finance Reports Recovering $16M of the Stolen Funds
Source Node: 1092776
Time Stamp: Oct 2, 2021
US Judge Grants the SEC Access to Ripple’s Missing Internal Conversations on Slack
Source Node: 1058131
Time Stamp: Sep 3, 2021