>>17731468, >>17738465 pb
Here Are All The Funds That Are About To Lose Billions In FTX
Now that the world's largest crypto exchange, Binance, has walked away from a bailout of world's second-largest crypto exchange, FTX, but biggest ever crypto fraud - far bigger than MtGOX ever was, here is a list of all the "luminary" investors whose money in FTX is now gone… all gone.
We start at the top, where we find the "who is who" of clueless momentum chasers, who over the years somehow got confused with credible, diligent investors: we are talking of course about Tiger Global, which is down 55% this year (and is about to be down a whole lot more) and of course the fund that we once dubbed the bubble era's "short of the century", SoftBank.
One wonders how much of today's widespread selling across various asset classes was due to Tiger Global getting margin called and dumping what it can?
There are more funds, of course: Third Point and Altimeter Capital Management are among hedge funds that recently participated in funding rounds for Sam Bankman-Fried’s once-high-flying crypto exchange. Brevan Howard Asset Management’s Alan Howard, the family office of Paul Tudor Jones and Millennium Management founder Izzy Englander also chipped in as angel investors, alongside celebrities including Gisele Bundchen and Tom Brady.
There were many others: FTX also attracted capital from the Ontario Teachers’ Pension Plan, Sequoia Capital, Lightspeed Venture Partners, Iconiq Capital, Insight Partners, Thoma Bravo and Masayoshi Son’s SoftBank.
Tiger Global and Ontario Teachers’ first invested in FTX in December 2019 in a funding round that valued the company at $8 billion, according to PitchBook data. Both topped up their wagers in October 2021, giving FTX a $25 billion valuation, and did so again in January, the data show. Some of the other firms and individuals backed FTX in July 2021, paying cash to participate in a $1 billion funding round that valued the crypto exchange at $18 billion.
Prefer bullets? Here is a list of the most prominent investors in FTX:
*BlackRock
*Ontario Pension Fund
*Sequoia
*Paradigm
*Tiger Global
*SoftBank
*Circle
*Ribbit
*Alan Howard
*Multicoin
*VanEck
*Temasek (Singapore's Sov. Wealth Fund)
As a result of FTX collapse, all of the abovenamed investors, among others, are set to lose all of their invested cash, especially with news such as this hitting the tape:
*BANKMAN-FRIED TOLD INVESTORS FTX HAS SHORTFALL OF UP TO $8 BLN
Still, while billions will be lost, nobody will be crushed as much as Bankman-Fried himself, whose personal wealth has collapsed from $16 billion to what may now be a negative number when accounting for his personal debt. Of course, it's all downhill from there especially once SBF is thrown in prison from stealing billions in client funds in his exchange and using them not even to buy yachts but to make catastrophically bad investments.
https://www.zerohedge.com/markets/here-are-all-funds-are-about-lose-billions-ftx
Alameda Research Moves 3000 Bitcoin Amid FTX Disaster
https://investmentbusinessu.com/2022/11/10/alameda-research-moves-3000-bitcoin-amid-ftx-disaster/
from Nov 2021
Maple Finance Launches the First DeFi Syndicated Loan With Alameda Research
18 November 2021: Today, Maple Finance has launched an on-chain vehicle for Alameda Research, the $30 billion dollar quantitative trading firm, to syndicate loans directly from accredited institutional investors around the world.
The first lenders are industry leaders including CoinShares, Abra, and Ascendex in the whitelisted cohort. This is the first DeFi syndicated loan created specifically for large-cap institutions to access debt capital markets by using the Ethereum blockchain.
Maple’s infrastructure has enabled Alameda to establish an on-chain borrowing vehicle that serves their needs by creating a single-borrower lending pool.
“The crypto trading landscape has evolved very quickly over the past few years, and we expect it to continue to do so. The flexibility that comes from a decentralized, on-chain lending platform like this one helps Alameda adapt to that landscape, and we look forward to seeing it grow,” said Alameda’s co-CEO Sam Trabucco.
Unlike traditional debt capital markets activity which is usually one-off transactions requiring months of lead time, this DeFi syndicated loan can be expanded at any time. This allows Alameda to borrow more over time, with the goal being to access $1 billion within the next 12 months. Being the sole borrower in the pool means that Alameda is able to leverage its high profile to, over time, get more competitive pricing and volume as institutions clamour to participate.
https://www.cryptoglobe.com/latest/2021/11/maple-finance-launches-the-first-defi-syndicated-loan-with-alameda-research/
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Today's word of the day: Rehypothecation
And this sets the stage for Tether to be taken out (which is should be since it doesn't have the money it claims and never did) by Gary at the worthless SEC-THAT is next cause Gary is an 'expurt' since he taught at 'Harvurd' and look at what a bang up job he did as the chair of the CFTC so just doing his handlers bidding with crypto markets like he did the commodity markets-his gig as CFO for Hillary 2016 was just his holding pattern-all the payments that came out of the campaign were authorized by him