Report: Liquidators Recover Over $110 Million Worth of Bitcoin from Alameda Research

Report: Liquidators Recover Over $110 Million Worth of Bitcoin from Alameda Research

According to a report by blockchain analysis firm Arkham Intelligence, liquidators responsible for the asset recovery of Alameda Research, a hedge fund founded by Sam Bankman-Fried, have successfully obtained more than $110 million worth of bitcoin held across multiple wallets. Recent findings indicate that these wallets have been actively receiving bitcoin from exchanges and cold wallets as recently as March 2023.

The report discloses that the liquidators have secured a total of 4,083 BTC (valued at $110.81 million) from various sources, including Other Wallets (34.94 BTC), Deribit (467.366 BTC), WBTC Custodian (2997 BTC), Bitfinex (298.027 BTC), and Unlabelled Wallets (286.7 BTC).

However, this represents only a portion of the bitcoin previously controlled by Alameda Research. The report suggests that wallets associated with Alameda’s bitcoin activity reached a peak value of over $800 million, indicating the possibility of additional bitcoin holdings in centralized exchanges or unlinked cold wallets.

The consolidation of these wallets provides insights into how the liquidators collected bitcoin from Alameda’s holdings. In April, a 1 BTC test transaction was sent from Alameda’s Merchant wallet to an address controlled by the liquidators named ‘Alameda Merchant 1.’ Since the beginning of 2023, this address has accumulated 3,581 BTC, currently valued at approximately $97.19 million.

Alameda Research, established in 2017, is a prominent quantitative cryptocurrency trading firm founded by Sam Bankman-Fried, an American entrepreneur and investor. The company is headquartered in Central and Western Hong Kong.

In related news, FTX Trading, along with Alameda Research and West Realm Shires, filed multiple lawsuits in the U.S. Bankruptcy Court for the District of Delaware on May 17. The lawsuits aim to recover funds from former FTX executives, including Sam Bankman-Fried, and other parties who benefited from the acquisition of Embed Financial Technologies.