Wednesday, October 4, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Alameda Research

Why Did Deribit Exchange Transfer 10,000 ETH To FTX’s Alameda Research?

news by news
December 21, 2022
in Alameda Research, deribit, deribit exchange, News, sbf, United States
0
Why Did Deribit Exchange Transfer 10,000 ETH To FTX’s Alameda Research?
0
SHARES
68
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Kraken Data Shows Huge Bitcoin Influx; BTC Price To Breach $30K Soon?

FTX’s $500 Million Bet on Anthropic Pays Off Amid Google’s Interest

deribit alameda research

There seems to be no end to the ongoing FTX drama with newer facts popping up every other day. Recently with the revelation of Alameda Research — the trading arm of the FTX conglomerate — financing crypto media outlets like TheBlock, the firm is back in news for all the wrong reasons. This time for a suspicious transaction with the leading derivatives crypto exchange, Deribit.

Deribit Sends $12Mn To Alameda

According to the blockchain explorer Etherscan, a total of 10,000 ETH has been deposited by the Deribit crypto exchange into a wallet address that goes by the alphanumeric, 0xF02…0713. And, this address has been identified by Nansen as “Alameda Research: Wallet”.

Read More: Deribit Exchange Wallet Compromised, Loses $28 Million

These transactions took place since December 10 and amounts close to $12 Million as per today’s rate.

According to Etherscan, since December 10, Deribit 9 (0x77…63de) has accumulatively transferred 10,000 ETH to the wallet address 0xF02…0713 marked by Nansen as “Alameda Research: Wallet”, which is about 12 million US dollars. https://t.co/TRw73zuPN6

— Wu Blockchain (@WuBlockchain) December 21, 2022

Till now, the reason behind these transactions are not known and none of the entities have come forward with a clear answer.

Deribit Denied Exposure

Earlier, the crypto exchange had claimed to have no “large and risky” positions with Alameda Research, the sister firm of the now-defunct FTX.

Read More: Binance’s Mysterious Trades Worth $22 Trillion Found In Latest Analysis

The exchange had further denied reports of having assets in FTX or exposure to its exchange token, FTT. Additionally, it officially stated to have no exposure to Solana’s SOL token, which was closely linked with FTX and Alameda Research.

FTX / Alameda update

Deribit does not have any special terms for Alameda or large & risky positions. Nor do we rely on their liquidity provision in any of our products.

Furthermore Deribit or group companies do not have assets with FTX or other exposure to e.g. FTT or SOL.

— Deribit (@DeribitExchange) November 9, 2022

Moreover, Deribit reaffirmed that it does not have a trading desk or group entity that clears markets or conducts deals on its behalf.

Alameda’s Private Equity Portfolio

As what came as a surprise to many, data shows FTX and Alameda had their hands in a bunch of different startups. Some of them were in non-crypto firms like Elon Musk’s SpaceX and The Boring Company while a lot many in the crypto industry, predominantly in the DeFi ecosystem.

Read More: Elon Musk’s SpaceX & Boring Company Show Up As Alameda’s Top Investments

The majority of Alameda’s unspent capital had been put into crypto and other DeFi initiatives like TrueFi, Magic Eden, Burnt Finance, Parallel Finance, Solfarm, Sundaeswap, Sahicoin and others.

The overall investment value is touted to be greater than $5.4 billion.

Also Read: Top 10 DeFi Lending Platforms In 2023

The post Why Did Deribit Exchange Transfer 10,000 ETH To FTX’s Alameda Research? appeared first on CoinGape.

Related Posts

24/7 Cryptocurrency News

Kraken Data Shows Huge Bitcoin Influx; BTC Price To Breach $30K Soon?

October 4, 2023
24/7 Cryptocurrency News

FTX’s $500 Million Bet on Anthropic Pays Off Amid Google’s Interest

October 4, 2023
24/7 Cryptocurrency News

Ripple Secures An MPI License In Singapore, Here’s Why It Matters

October 4, 2023
24/7 Cryptocurrency News

OpenSea Studio Goes Live for Creators to Easily Launch and Manage NFT Projects

October 4, 2023
24/7 Cryptocurrency News

XRP Price Jumps 5% After Court Denies SEC’s Interlocutory Motion, Next Target $1?

October 4, 2023
24/7 Cryptocurrency News

XRP Lawsuit Trial Date Locked In April 2024; Any Further Change?

October 4, 2023
Next Post
Is Shiba Inu Coin (SHIB) Finally Ready For The Big 2023 Rally?

Is Shiba Inu Coin (SHIB) Finally Ready For The Big 2023 Rally?

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Biden Hopeful On Debt Ceiling Deal, Rep. McHenry Says “Thorny Issues” Remain | Coingape

May 27, 2023

Bitcoin (BTC) On-Chain Indicators Hit All Time Lows; What’s Next For BTC Price?

August 14, 2023
Bitcoin (BTC) Golden Cross Confirmation Flashes Another 154% Rally

Bitcoin (BTC) Golden Cross Confirmation Flashes Another 154% Rally

February 8, 2023
Breaking: Binance’s BNB Chain To Announce Layer 2 Blockchain Solution

Breaking: Binance’s BNB Chain To Announce Layer 2 Blockchain Solution

June 15, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In