BlocksInform
Crypto broker Alameda Research, which is owned by FTX founder Sam Bankman-Fried, was seen transferring nearly $370 million to the exchange this week.
On-chain data firm PeckShield flagged a series of transactions between Alameda and FTX, where the broker moved several tokens, including BUSD, USDC and ETH to the exchange’s wallet.
While it was not immediately clear what the purpose behind the transactions was, they come after FTX bailed out at least two major crypto lenders.
The exchange has supplied credit lines totalling over $700 million to Voyager Digital and BlockFi. Both the lenders were facing a liquidity crunch amid a severe drop in crypto prices.
FTX wants to stem contagion
Founder Sam Bankman-Fried said in a recent interview that the exchange- which is one of the largest crypto players- has a responsibility to “stem contagion.” But the move is also giving FTX a much larger stake in the crypto market, with the Voyager deal reportedly making Fried the largest shareholder in the firm.
