#alamedas

Andrea AdelsonCould 21, 2025, 08:10 AM ET Shut ACC reporter. Joined ESPN.com in 2010. Graduate of the College of Florida. TALLAHASSEE, Fla. — Florida State softball coach Lonni Alameda sits simply exterior the primary ready room at Tallahassee Memorial Most cancers Heart with a black cap pulled low over her bald head and a protracted grey sweater preserving her heat. She readies her bag,…

OKX sends over $60M in crypto to Alameda’s wallet

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Bitfinex sends $8.5M in crypto to Alameda's wallet in last 24 hours

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A Bitfinex-related wallet sent over $8 million worth of crypto assets to bankrupt Alameda Research’s wallet in the last 24 hours, according to Arkham Intelligence data.

The crypto exchange’s wallet made four transactions — which included $6 million USDT and 1545 ETH (roughly $2.52 million) — to the bankrupt firm’s wallet. Bitfinex initially sent less than $100 worth of AAVE and USDT to Alameda.

Source: Arkham Intelligence

Bitfinex is a crypto exchange owned by the parent company of stablecoin issuer Tether, iFinex Inc. The exchange nor Tether has yet to respond to CryptoSlate’s request for comment as of press time.

Tether’s CTO Paolo Ardoino previously denied any exposure to FTX or Alameda. The stablecoin issuer has repeatedly insisted that its business was not impacted by the contagion that has capitulated several crypto firms.

Meanwhile, the reason behind the transfers is currently unknown, as it appears that the wallet is consolidating assets from different on-chain sources.

The wallet also received $4.6 million from an unknown wallet and has received at least 100,000 Lido (LDO) tokens from other Alameda-related wallets in the last three days.

A look at the wallet assets showed that its largest crypto holding was 100 million BitDAO (BIT) tokens worth $55.14 million. Its other holdings included 15,848 Ethereum worth $26.5 million, $36.4 million USDC, $47.1 million USDT, and altcoins like Render (RNDR), FTT, Serum (SRM), etc.

Cumulatively, it holds crypto assets worth $222 million.

Court filings showed that the liquidators had recovered over $5 billion in assets belonging to FTX and its related entities. The wallet’s transaction history further suggested that the liquidators have recorded more success in recovering the bankrupt firms’ assets.

Despite these successes, Alameda liquidators have lost over $11 million to DeFI liquidations after taking over one of the wallets of the bankrupt firm.

Posted In: Bankruptcy, Wallets

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Alameda's $65B 'backdoor'; Thailand's digital wallet system

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The biggest news in the cryptoverse for Jan. 17 saw court proceedings reveal that Alameda Research had a $65 billion artificial credit line at FTX. Meanwhile, Thailand has created a mandate that will require crypto companies to establish a digital wallet management system. Polygon has completed its hard fork, Ethereum’s weekly gas expenditure is on the rise, Kazakhstan’s mining hashrate is declining, and Silvergate has posted a $1 billion loss. Plus, research on mining company holdings.

CryptoSlate Top Stories

Alameda had $65B artificial credit line, 43,000% more than FTX market makers

A recent court filing in the FTX bankruptcy case has revealed a “$65 billion backdoor” between Alameda and FTX. The filing includes a deck detailing the current findings relative to FTX group funds.

The deck includes an illustration of the FTX liquidation process alongside a code sample that allegedly represents the Alameda backdoor.

While customers were auto-liquidated based on the margin terms offered by FTX, Alameda was allegedly exempt from auto-liquidation. Further, Alameda was not required to post any real collateral for trades. Instead, it was allowed to trade with “artificial capital.” If proven true in court, this offense alone would be one of history’s most significant examples of fraud.

Thailand’s SEC mandates exchanges to establish digital wallet management system

The Securities and Exchange Commission (SEC) of Thailand has mandated digital asset providers to establish a digital wallet management system to ensure the safety of customers’ assets.

The SEC on Jan. 17 released three sets of requirements aimed at providing regulatory guidelines for digital asset providers/exchanges to establish an efficient digital wallet management system.

According to the SEC, digital asset providers are required to communicate with the commission on policies and guidelines it implemented for overseeing risk management and management of digital wallets.

Polygon completes hard fork upgrade to minimize gas fee spikes, chain reorgs

Polygon announced the completion of its proof-of-stake hard fork upgrade in an attempt to reduce gas spikes and chain reorganizations(reorgs) on January 17.

The two proposals included in the hard fork were submitted last December. About 87% of Polygon validator teams voted for approval.

The hard fork proposal aims to reduce gas spikes by reducing the BaseFeeChangeDenominator to 16 from 8, according to a January 12 statement.  Although gas fees will continue to increase during peak demand, they will be aligned with Ethereum gas dynamics.

Bitcoin mining emissions down 10% as Kazakhstan’s hash rate share decreases

Kazakhstan’s share in the global Bitcoin (BTC) hash rate decreased to 6.4% since the first quarter of 2022, which brought the carbon emissions of the whole network down 10%, according to ClimateTech Vice Chair Daniel Batten’s recent analysis.

Batten said that the mainstream media failed to reveal this impact, which proves that the BTC network “keeps tracking in the right direction.”

Silvergate Capital posts $1B loss in Q4’22

Silvergate Capital Corporation and its subsidiary Silvergate Bank announced a $1 billion net loss in the fourth quarter of 2022, according to a company report.

The net loss attributable to common shareholders for the quarter stood at $33.16 per common share.

Silvergate’s fourth-quarter report also disclosed a decrease in digital asset customers and a decrease in digital asset customer-related fee income.

Ethereum mainnet hits record-breaking 32B weekly gas expenditure

Ethereum (ETH) Layer 2 (L2) networks spent a record-breaking 32 billion gas — a year-on-year increase of 22.8% — to validate transactions and activate bridges between Jan. 9 and Jan. 15, according to Dune Analytics data.

Optimism (OP) contributed around 50% of the gas spent — with a seven-day moving average of 2.8 billion gas — followed by Arbitrum with about 30% of the share, according to Dune Analytics data.

As of Jan. 17, L2 network gas expenditure on ETH mainnet was 66.35 billion, placing it on track to beat the 100 billion mark for the third consecutive month —having first crossed the 100 billion milestone in November 2022.

Research Highlight

Research: A review of bitcoin mining company holdings in 2022

Glassnode data analyzed by CryptoSlate shows that Marathon, Hut8, and Riot built the top three largest Bitcoin (BTC) pools, while Bit Digital recorded a 134% growth in reserves in nine months.

BTC miners entered the year 2022 with resources acquired through cheap debt in 2021. The majority of them invested these resources into growing their ASICS, which kept increasing their BTC holdings until May.

However, the bear market started in May introduced immense pressure and led to distribution across miners. The Russian-Ukraine war increased energy costs, the BTC price fell, and the hash rate increased, which heated the competition for block space.

Distribution emerged as the main theme for BTC miners in the second half of 2022. However, the BTC volume in exchanges didn’t grow. Throughout the whole year, less than 60,000 BTC got sent to exchanges.

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Voyager describes Alameda’s objection to its Binance deal as 'hypocrisy'

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Bankrupt crypto lender Voyager described Alameda’s objection to Binance.US’ bid for its assets as “hypocrisy and chutzpah.”

Voyager said the bankrupt crypto trading firm has “desperately sought to undermine and sabotage” its restructuring efforts. The lender said Alameda tried to front-run its marketing proposal by offering a lowball proposal that disparages its businesses.

According to the court filing, recent revelations in the crypto space showed that Alameda made “last-ditch efforts to mask the holes on its own balance sheet resulting from their [Alameda’s] apparent fraud.”

Voyager added that Alameda’s objection to the level of disclosure concerning certain intercompany claims were “baseless” because FTX’s counsel reviewed and approved these claims two months ago. Apart from that, the same claims have been approved by an adequate court.

Meanwhile, Voyager said it entered into the Alameda-FTX loan based on fraudulent and false representations made by the now bankrupt crypto firm.

Voyager responds to SEC, others

Voyager also responded to the objections filed by the different regulatory bodies of New Jersey, Texas, Vermont, the U.S. Trustee, and the SEC.

According to the court filing, regulators’ concerns about Binance.US’ ability to consummate the transaction are misplaced because their fears are based on “speculation” and not “facts.” Voyager added that the concerns are also “veiled attempts” to override its business judgment.

Voyager wrote:

“Raising Disclosure Statement objections based on unsubstantiated and unverified media reports while ignoring the substantial information already made available to the Objectors is a naked attempt to undermine the Binance.US Transaction and attack Binance.US.”

The firm added that Binance.US provided all the objectors with the opportunity to receive financial statements and other diligence reports showing its strong financial position. However, the objectpors have feigned ignorance of this fact.

Voyager also pointed out the hypocrisy in the stand of regulators in Vermont, New York, Texas and Hawaii.

According to the regulators, Binance.US offer to repay their residents in cash and not in crypto amounts to “unfair treatment.”

However, Voyager responded that the decision was based on their own “regulatory decisions.”

“Any barriers in place preventing their constituents from receiving distributions in-kind like other states is entirely of the objecting states’ own making.”

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