What is the relationship between FTX and Alameda?

The relationship between FTX and Alameda centered on a token created by FTX — called FTT — that the exchange’s customers could use to trade their crypto assets. Alameda served as the token’s main market maker, buying and selling a majority of FTT.

Why did Alameda buy FTT?

Alameda served as the token’s main market maker, buying and selling a majority of FTT. FTT was popular with the exchange’s investors, who were enticed by the trading discounts it offered, and Alameda began using its holdings as collateral for more loans to facilitate its trading activities.

Are Alameda & FTX a mutual death spiral?

Blockchain analytics firm Nansen has been digging into the incestuous links between SBF’s trading firm Alameda and the crypto exchange FTX, and their subsequent mutual death spiral. The report is now out, and makes for interesting reading.

Is Alameda research shorting Tether (USDT)?

Alameda Research, a crypto trading firm affiliated with embattled crypto exchange FTX, appears to have shorted the dollar-pegged stablecoin Tether (USDT) on Thursday, according to blockchain data. However, FTX’s chief executive Sam Bankman-Fried, who is also behind Alameda, said on Twitter that the trading house is winding down.