Alameda Research Tried To Redeem 3000 Wrapped Bitcoin Pre-Bankruptcy
FTX and its affiliates filed for bankruptcy on November 11 in US’s Delaware. The collapse of the company is essentially one of the highest-profile crypto blowups that left customers and investors in dire straits. The United States Commodity Futures Trading Commission [CFTC] recently filed a lawsuit against SBF , FTX , and Alameda Research . All of them were reportedly charged with fraud and material misrepresentations of the sale of digital commodities. The action of these entities paved the way for an immense loss of more than $8 billion among its customers. It was brought to light that FTX and Alameda commingled funds and particularly used customer deposits on the exchange. Read More: Here’s why CFTC is suing SBF, FTX, and Alameda Alameda Tried Redeeming 3000 Wrapped Bitcoin Now, in a development that recently shaped up, it was ascertained that Alameda Research attempted redeeming around 3k wBTC days before its bankruptcy filing. Mike Belshe, the CEO of BitGo...