Does Alameda research owe FTX $10 billion?

Basically rule number one of what not to do with your customers’ money. Sam Bankman-Fried’s trading firm Alameda Research reportedly owes his crypto exchange FTX $10 billion after taking loans funded by deposits from FTX customers, according to The Wall Street Journal.

How much money did FTX transfer to Alameda?

Those documents, which apparently reflected the most recent financial state of the company, showed a $10 billion transfer of customer deposits from FTX to Alameda. They also revealed that some of these funds — somewhere in the range of $1 billion to $2 billion — could not be accounted for among Alameda's assets.

Does FTX have an Alameda-sized hole in its balance sheet?

(Kent Nishimura / Los Angeles Times via Getty Images) FTX has an Alameda -sized hole in its balance sheet: the hedge fund owes it $9.3 billion and the failed cryptocurrency exchange’s debts to customers are $8.7 billion more than the assets it has.

Does Sam Bankman-fried owe FTX $10 billion?

Sam Bankman-Fried’s trading firm Alameda Research reportedly owes his crypto exchange FTX $10 billion after taking loans funded by deposits from FTX customers, according to The Wall Street Journal. As economist Frances Coppola pointed out to the Journal, exchanges like FTX shouldn’t be investing customers’ money.