Alameda Research had a $65B secret line of credit with FTX: Report

by Aurelia Butler 15 January 2023, 22:40 179 Views

The attorney disclosed the information during a Delaware bankruptcy court hearing on Jan. 11, the New York Post reported. The alleged line of credit was financed with FTX customers’ funds. According to Dietderich’s testimony, the “backdoor was a secret way for Alameda to borrow from customers on the exchange without permission.”

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Source: Cryptocurrency - investing.com

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Alameda Research had a $65B secret line of credit with FTX: Report

IMF says fragmentation could cost global economy up to 7% of GDP

IMF’s Georgieva confirms Ghana seeking debt treatment under G20 Common Framework

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