It turned out that the companies FTX and Alameda, founded by Sam Bankman-Fried, invested billions in Iceland-based mining company Genesis Digital.
According to a Bloomberg report Alameda and FTXmining company Genesis Digital Assets‘to 1.15 billion dollars invested. According to the report, it was revealed that this is one of the biggest investments of Alameda. Company, bitcoin It continued to pour money into the company even as falling and rising energy costs hurt the industry.
On the other hand, about Genesis Digital 3 years of litigation exists. In the early stages of this litigation 500,000 graphics cards were seized. China Supreme People’s Court The decisions announced by Genesis in June were positive for Genesis. At the final stage, it is planned to return the mining equipment worth millions of dollars to the company.
Alameda with all factors pointing to a bad course keep spending money and spread its investment in 4 different time periods. your investment 100 million The first part of the dollar was made in August of 2021. Then in January 2022 550 million dollarsin February 250 million dollars and in april 250 million dollars more investment has been made. According to the detailed balance sheet reports that emerged after the bankruptcy, this 1.15 billion dollar investment company’s largest venture investment registered as