Cryptocurrency exchange FTX has loaned nearly $10 billion to its sister company, Alameda Research.
According to the information provided by the Wall Street Journal, FTX is one of the trading companies, Alemada Research. 10 billion dollars worth of debt.
According to the information in the same news, FTX is the total amount belonging to the stock market customers. $16 billion managed assets.
Earlier today, there was another news about FTX in Reuters, FTX’s transfer to Alameda. at least $4 billion in loans had been transferred.
According to the allegations made in Reuters, Sam Bankman-Fried, the founder of FTX, reported that the loan was given to Alameda. did not share with other managers.
FTX’s sister company, Alameda, is now preparing to go down the shutters. According to the statement made by Bankman-Fried, the company will continue to sell for the next week. “They will do whatever they can to provide liquidity.”