11/14/2022, 7:28 PM (Source: TeleTrader)
more TeleTrader news

Report: Alameda bought crypto tokens FTX listed later

Trading firm Alameda Research had been acquiring large amounts of crypto tokens just before their listings were announced by cryptocurrency exchange FTX in the period from the beginning of 2021 to March 2022, The Wall Street Journal reported on Monday, citing data from blockchain analytics firm Argus.

Alameda could have profited from the practice by selling the digital coins after listings and their subsequent rise in price, but it remains unclear if the company had actually done so, the newspaper noted.

FTX and Alameda are both majority-owned by the same person, Sam Bankman-Fried, and are at the center of the scandal that rocked the cryptocurrency sector this month.

Baha Breaking News (BBN) / MS