What happened to Alameda's 'wrapped bitcoin'?

Based on Ethereum blockchain data from the crypto intelligence platform Arkham Intelligence, a wallet associated with Alameda withdrew 2,262 wBTC in four separate transactions within minutes from crypto exchange FTX.US. Later, it sent 3,000 wBTC tokens, worth of $50 million, to an address labeled as "Wrapped Bitcoin: Controller."

Is Alameda research suffering from a blockchain-era deposit run?

Struggling trading firm Alameda Research, sister company of crypto exchange FTX that appears to be suffering from a blockchain-era deposit run, withdrew some $37 million in the form of wrapped bitcoin (wBTC) – a type of bitcoin derivative – from the FTX.US crypto exchange on Wednesday.

What is Sam Bankman-fried's crypto fortune?

Sam Bankman-Fried’s vast crypto fortune is divided into two parts, the Alameda trading company, and the FTX crypto exchange. According to Wall Street Journal, before the latest fiasco, his assets amounted to around $15.6 billion.

Is FTX and Alameda insolvent?

As FTT plummets over 10% in the last 24 hours, concerns regarding the potential insolvency of FTX and Alameda increase. The crypto winter resulted in a liquidity crisis for some major crypto firms. Companies such as Three Arrow Capitals, Celsius, and Voyager suffered massive hits during the crypto market.