Alameda Research

Project said it wants to move on from its now-bankrupt owner Alameda Research and is already talking to potential investors.

Matt Huang said that crypto venture capital giant had no other exposure to FTX except its reported $278 million investment.

The projects said that they’ve “retained legal advisors to assist” with protecting their users.

In its bankruptcy filings, beleaguered crypto exchange, FTX announced that its new leadership are in touch with regulators.

Royal Bahamas Police Force is working with The Securities Commission of the Bahamas to “investigate if any criminal misconduct occurred”.

Sam Bankman-Fried has spoken publicly for the first time since the start of FTX (FTT) saga a few days ago.

Brian Armstrong said that FTX’s risky practices included “conflicts of interest between deeply intertwined entities, and misuse of customer funds”.

Stablecoin issuers Tether and Circle have denied having exposure to FTX (FTT) and Alameda Research.

The “Ethereum killer” is trading at around $16.92, down over 43% in the last week.

Research by CoinMetrics shows that Alameda exploded in the second quarter, but substantial funding from FTX kept it in business.

Crypto trading firm Alameda Research moved 100 million BIT in five transactions to a designated wallet.

Changpeng Zhao, the CEO of Binance, announced that his company was preparing to liquidate its FTX Token (FTT) holding.

Reports indicate that the ETH reserves went down by almost 300,000 after Binance announcement of dumping FTT tokens.