Bermuda-based insurer Relm distances itself from FTX fallout
It's been reported that insurance policies provided by Relm for FTX and Alameda-related companies total in excess of $15 million.
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It's been reported that insurance policies provided by Relm for FTX and Alameda-related companies total in excess of $15 million.
— Alameda
Sam Trabucco left Alameda Research just months prior to its collapse. He's spent at least $10 million, all cash, on property in the US.
Protos reviewed documents filed by Alameda Research that reveal that it held FTX equity on its balance sheet, bought from Binance in 2021.
Protos spoke with Melissa Clark, the Federal Reserve's Lead Financial Institution Policy Analyst, to learn why it approved Moonstone Bank.
HiveEx, an over-the-counter trading desk, was purchased by Alameda Research in 2020 and then used to accept deposits for FTX.
Alameda's ties to rural Moonstone Bank had the internet enraptured over Thanksgiving. Protos re-interviewed a top exec to learn more.
— Alameda, Farmington State Bank
Protos interviewed chief digital officer Janvier Chalopin of Moonstone Bank, after investigating a curious connection with Alameda Research.
Since it became clear that FTX and Alameda were struggling, the price of SOL has dropped over 50%, far greater than other network tokens.
BitDAO has called out Alameda Research to demand proof that it didn’t break an agreement to not sell each other’s tokens.
On-chain researchers suggest FTX may be pulling assets from Solana's Wormhole protocol to make sure it can cover liquidity needs.