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Alameda Research Converts Its Altcoin Holdings Into Ethereum

Alameda Research, which is owned by Sam Bankman-Fried and is embroiled in disputes, has changed a number of tokens worth of altcoins that it holds into Ethereum. This comes at a time when the company’s owners are facing criminal accusations connected to the failure of its sister company, FTX both of which were operated by SBF.

One of the blockchain gumshoes, Martin Lee, a data journalist at Nansen, was one among the people who pointed out that there is plenty of activity happening around Alameda wallets.


Source: Cryptocurrency - investing.com

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