Insider Trading Between Alameda and FTX – New Revelations About Sam Bankman-Fried’s Companies

The corpses rise to the surface – The flash drop of FTX took the whole crypto market by surprise. In the space of a week, the exchange considered the number two in the sector fell from its pedestal and declared bankruptcy. The dust is gradually settling and we begin to clear the rubble, one by one. After analyzing public data (thanks to the blockchain), the specialized firm Argus noted irregularities between FTX and Alameda.

FTX and Alameda: Dangerous Liaisons

The two sister companies were perhaps even Siamese, as the degree of collusion seems high. According to the reports of Argus analyses, ” it’s pretty clear that there was something” and that Alameda leveraged the listing promise on FTX. With intriguing timing.

“What we see is that they almost always, in the month before [le listing], bought an asset they didn’t have before. It’s pretty clear that there’s something in the market that was telling them that they had to buy things that they didn’t have before,”

Omar Amjad, co-founder of Argus

Although Argus is not able to reveal if and/or when the tokens in question would have been resold, the timing questions. Especially since they didn’t accumulate any, and started to buy some, a few weeks before the listing on FTX. The analysis covers 18 tokens linked to the ethereum blockchain, listed between early 2021 and March 2022.

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