Bitcoin24h $108,682.10+0.69%

Ethereum24h $2,601.34+2.59%

XRP24h $2.30+1.39%

BNB24h $658.74-0.09%

Solana24h $150.17+1.12%

TRON24h $0.2874+0.43%

Dogecoin24h $0.1701+1.96%

Cardano24h $0.5857+1.53%

Hyperliquid24h $38.59+0.09%

Sui24h $2.89+1.60%

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.

BlockFi blames FTX for bankruptcy but lets bitcoin mining debt slide

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.

The bank is also facing a drastic drop in revenue after the White House once again froze student loan payments.