Alameda Research has uploaded the $1 billion burden faced by cryptocurrency exchange FTX due to a leveraged transaction.
In early 2021, an investor mobilecoin He made a large leveraged transaction using a token called This transaction changes the price of the token in a short time. From $6 to $70 took it out.
The investor took a trade against this token after this transaction, which has already put FTX in a difficult position. Like this withdraw money from the stock market in dollars won the right.
Alameda Research shouldered this burden on the stock market. Alameda Research was then owned by Sam Bankman-Fried, former CEO of FTX.
According to information quoted by the Financial Times, Alameda Research, just because of this transaction. lost hundreds of millions of dollars.