Sam Bankman-Fried's Alameda Research sells $1.7 million in crypto amid bankruptcy and still holds over $112 million in tokens

Dec 29 2022 by Business Insider

 
Sam Bankman-Fried.

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Alameda Research liquidated $1.7 million worth of cryptocurrencies over the past 24 hours.  Data showed that wallets associated with Alameda unloaded Ethereum-based tokens, which were later swapped for bitcoin. The sales come amid bankruptcy proceedings for Sam Bankman-Fried's crypto empire.

Alameda Research sold roughly $1.7 million worth of cryptocurrencies in the past 24-hours amid bankruptcy proceedings for Sam Bankman-Fried's collapsed...

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