what's alameda research?
Alameda Research was a cryptocurrency trading firm co-founded in September 2017 by Sam Bankman-Fried and Tara MacAulay. It operated as a quantitative trading entity, using internally developed technology and deep crypto knowledge to trade thousands of digital asset products, including major coins, altcoins, and derivatives. The firm aimed to build global infrastructure for liquidity provision in crypto markets and was closely affiliated with the FTX exchange. In November 2022, amid a solvency crisis at FTX, Alameda filed for Chapter 11 bankruptcy after revelations that it had received significant customer funds from FTX, leading to fraud charges against its executives.
Alameda executives barred from Wall Street; faces $10M class-action settlement for misconduct.
Executives barred from Wall Street roles for up to 10 years by regulatory action.
Faces a U.S. class-action lawsuit tied to Silvergate Bank with a proposed $10 million settlement, calling on more than 46,000 FTX and Alameda customers to file claims over alleged misconduct.
FTX/Alameda unstakes 194,861 SOL worth $25.5M, continuing monthly unlock pattern.
The US Government moved $6.55M of WETH to a new wallet from assets seized from Alameda Research over 2 years ago, sourced from a wallet containing over $11M in total crypto holdings.
FTX bankruptcy estate reports $16.3 billion surplus as of December 10, 2025 with ~38 million SOL still locked/vesting through March 2029; ~6.5 million SOL was sold via OTC desks from April-October 2025 by institutional buyers including Galaxy.
Historical transfers show Alameda sent hundreds of millions (potentially billions) in USDT to Abraxas Capital-linked wallets through Stargate Finance between March-May 2022 during FTX's solvency crisis.
FTX files lawsuit against Korean exchange Upbit/Dunamu for $53.4M in assets held; lawsuit reveals Alameda received unlimited credit line through Korean account (seoyuncharles88@gmail.com) with special privileges tied to the $8bn FTX hole.
192,900 SOL ($39.41M) redeemed from staking and distributed to 28 addresses with most transferring to Coinbase or Binance; remaining staked balance decreases to 4.41M SOL ($890M).
Alameda Research transferred 88,131 SOL ($17.6M) to Coinbase Prime.
Backpack, an FTX derivative project co-founded by Can Sun (who created the false margin lending rationale for SBF's defense), experiences a Friday failure after giving all users the same negative margin exemption that Alameda Research secretly received on FTX.
Monthly unstaking pattern emerges with 190K SOL ($34.09M) distributed to 29 addresses; remaining staked balance drops to 4.727M SOL.
Protocol maintains 3.5-year perfect security record with zero incidents while achieving $400M TVL and 2.5X growth after V3 launch.
SBF release date set for December 2044; Caroline Ellison expected release May 2026 following fraud convictions.
Bankruptcy estate unstakes 187,600 SOL ($32.79M), retains 5.204M SOL ($910M) in staking.
FTX liquidates Anysphere stake at $200K; asset now valued at $9B, representing 45,000x value increase.
Evidence of market manipulation through liquidation immunity and strategic shorting using misappropriated customer funds.
Alameda Research moves 1000 BTC ($93.34M) to new wallet in last 6 hours