9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
Alameda Research is making efforts to mitigate negative events in the cryptocurrency market due to Celsius and Three Arrows Capital issues. This was stated by its chairman, Sam
Alameda Research is making efforts to mitigate negative events in the cryptocurrency market due to Celsius and Three Arrows Capital issues. This was stated by its chairman, Sam Bankman-Fried.
After the collapse of TerraUSD, 3AC and Celsius floundered and lent $485 million to Voyager Digital before the venture fund they set up. #Bitcoin sales continue @SBF_FTX and i talked about #crypto risk of contamination: https://t.co/hlGQ4CQtaq pic.twitter.com/RLbBbLUJfs
— David Gura (@davidgura) 19 June 2022
In the interview, Bankman-Fried called it a “lie” that the company played a role in threatening Celsius’s stability. He added that Alameda Research is not interested in causing harm and is ready to help cryptocurrency market participants “even at the expense of the firm.”
“I want to do what can help him [экосистеме] grow and develop, Bankman-Fried said.
According to the top executive, companies affiliated with him have already engaged in “rescue” activities in the past. Notably, FTX prevented the bankruptcy of Japanese cryptocurrency exchange Liquid after their hot wallet was hacked. In February 2022, the absorption process was completed.
On June 18, cryptocurrency broker Voyager Digital announced that Alameda Research has provided him with a 200 million USDC loan and a 15,000 BTC (~$300 million) revolving loan.
The contract is valid until 31 December 2024. The conditions stipulate that at the end of this period, an annual interest of 5% will be paid. Voyager Digital will use funds only “as necessary to protect client assets” in a highly volatile market environment.
Members of the crypto community noted Alameda Research’s “participation” in the problems of crypto platforms. On June 8, the firm sold approximately 50,000 stETH and TVL The ETH/stETH liquidity pool on Curve rose from $4.5 billion at the beginning of May to 641 million.
Earlier, Sam Bankman-Fried, head of the platform, promised to spend “billions” on buying shares in other companies.
Recall that in June, Alameda Research spearheaded a $60 million funding round for Voyager Digital.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
