Alameda Research is on thin ice if we’re to believe the latest report. Sam Bankman-Fried’s trading firm appears to have most of its assets in illiquid altcoins, which is bad enough. Worse even is that the lion’s share of its assets is in FTT, the token created by his derivatives exchange FTX. If that’s true, the house of cards is built on shaky ground. And if something as big as Alameda Research falls, contagion could affect the whole crypto space. In a big way.
However, there’s no guarantee that this is the whole picture. The report comes from “a private financial document reviewed by CoinDesk” and the publication concedes “It is conceivable the document represents just part of Alameda Research.” In any case, according to the documents, Alameda Research reports $14.6B in assets and $8B in liabilities.
Alameda Research Is All In On FTT
There’s nothing wrong with going all in if the…
