SBF: Alameda has the highest FTX borrowing limits


Sam Bankman-Fried, former CEO of FTX, stated that Alameda Research received a higher loan limit than other FTX customers. However, he did not disclose the extent of the limit. Alameda was FTX’s primary liquidity provider from the beginning of its existence. Other financial groups weren’t interested in the loan. SBF estimates that Alameda was FTX’s primary liquidity provider at the beginning of its existence. This meant that other financial groups were not interested in Alameda. Alameda was able access large amounts of financing when Sam Bankman-Fried established the crypto exchange. He said this in a Financial Times interview. Alameda had 45 percent of the volume or some other thing on FTX when it was launched in 2019. Alameda’s account had limited capacity to take on new positions. We didn’t have enough liquidity providers, so if it ran out, it would pose a risk problem for the platform. It was therefore subject to a lot of constraints. SBF made the comment in the interview. He noted that Alameda would only account for 2% of FTX trading volume by 2022. According to the discredited founder Alameda’s liabilities to FTX totalled around $10 billion at the time it filed for bankruptcy protection. This is the latest in a series media statements SBF made since FTX filed Chapter 11 bankruptcy protection protection last month. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comChubbiCoincu NewsTags: AlamedaAlameda ResearchFTXSam Bankman-FriedSBF


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