Is Alameda research (FTX) a sister company to FTX?

Last week, FTX was pushed into the spotlight after a CoinDesk report noted that much of Alameda Research’s assets were comprised of FTX Token ( FTT-USD ), the native token of FTX. Run by CEO Caroline Ellison, Alameda Research is a sister company of FTX.

Will the collapse of FTX and Alameda research accelerate crypto market regulation?

Crypto market regulatory initiatives that are already underway are likely to be accelerated in the wake of the collapse of FTX and sister company Alameda Research, JPMorgan (JPM) said in a research report Thursday. © Provided by CoinDesk Regulation of the crypto industry is likely to increase. (Pexels)

Was Alameda the source of ftx's bankruptcy?

In truth, Alameda was the source of FTX’s bankruptcy, borrowing the latter’s customer funds to finance speculative crypto bets that turned sour. The Wall Street Journal reported that Bankman-Fried and Alameda CEO Caroline Ellison, who once were romantically involved, had covered this up internally.

Which Crypto firms are exposed to FTX?

BlockFi and Genesis, two firms with exposure to FTX or its affiliated crypto trading firm Alameda Research, have suspended customer withdrawals as the market unpacks the extent of FTX's reach. Other crypto firms may be exposed to FTX by having held tokens on the exchange or by owning FTX's native token, FTT, which plunged around 94% last week.