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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.

Documents reveal Alameda Research bought FTX stake from Binance

Protos reviewed documents filed by Alameda Research that reveal that it held FTX equity on its balance sheet, bought from Binance in 2021.

Alongside the $275 million from FTX, BlockFi is also owed $54 million from bitcoin miner Core Scientific — but it hasn’t called in that debt.

HiveEx, an over-the-counter trading desk, was purchased by Alameda Research in 2020 and then used to accept deposits for FTX.

While decentralization is one of crypto’s main tenets, it’s likely that more centralization could have stopped the fall of crypto giant FTX.