Re:Major crypto trading firm Alameda Research might be insol...
by janmo on Friday November 04, 2022 @12:43PM
(#33469641)
We know that on Jun 30th Alameda had $134m in liquid assets, at the same time it came out that they owe the bankrupt Voyager Digital around $650m USD.
On Jul 8th Alameda research tweeted: "happy to return the Voyager loan and get our collateral back whenever works for voyager".
Simple question here, how do they return $650m USD, if they only have $134m in liquid assets (cash) and the rest is in illiquid tokens such as FTT, MAPS and other tokens with fancy names and inflated marketcaps?
On Jul 8th Alameda research tweeted: "happy to return the Voyager loan and get our collateral back whenever works for voyager".
Simple question here, how do they return $650m USD, if they only have $134m in liquid assets (cash) and the rest is in illiquid tokens such as FTT, MAPS and other tokens with fancy names and inflated marketcaps?